Danske Bank A S Purchases New Position in Textron Inc. $TXT

Danske Bank A S acquired a new position in shares of Textron Inc. (NYSE:TXT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 104,510 shares of the aerospace company’s stock, valued at approximately $9,587,000. Danske Bank A S owned approximately 0.06% of Textron as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of TXT. BlackRock Inc. purchased a new position in shares of Textron in the 2nd quarter worth approximately $1,434,125,000. AQR Capital Management LLC increased its holdings in Textron by 51.1% during the fourth quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock worth $466,986,000 after buying an additional 1,811,787 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Textron during the second quarter worth about $105,946,000. Deutsche Bank AG bought a new stake in Textron in the second quarter worth about $67,819,000. Finally, Adage Capital Partners GP L.L.C. boosted its stake in Textron by 270.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock valued at $80,759,000 after acquiring an additional 734,478 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Textron Trading Down 1.7%

Shares of TXT opened at $82.97 on Friday. The firm has a market cap of $14.27 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.23 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86. Textron Inc. has a fifty-two week low of $78.12 and a fifty-two week high of $101.57. The firm has a 50 day moving average price of $89.66 and a 200-day moving average price of $91.41.

Textron (NYSE:TXT) last issued its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.07. Textron had a return on equity of 14.30% and a net margin of 6.12%.The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the prior year, the business posted $1.55 EPS. Textron’s quarterly revenue was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts forecast that Textron Inc. will post 6.5 earnings per share for the current year.

Textron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be given a $0.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio is currently 1.51%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Morgan Stanley set a $98.00 target price on Textron in a research note on Wednesday, July 29th. UBS Group reaffirmed a “neutral” rating and set a $95.00 price target on shares of Textron in a research report on Wednesday, July 29th. Finally, TD Cowen cut their price target on Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.44.

Textron Profile

Textron Inc is a global, multi-industry manufacturing company headquartered in Providence, Rhode Island. The company designs, manufactures and services a diverse range of products for the aerospace, defense and industrial markets. Textron operates through four primary business segments—Textron Aviation, Bell, Textron Systems and Industrial—each of which serves customers around the world.

Textron Aviation is known for its Cessna and Beechcraft branded business jets and turboprop aircraft, offering models that range from light jets and turboprops to larger cabin aircraft designed for corporate and charter use.