Commerce Bank Takes $5.44 Million Position in Textron Inc. $TXT

Commerce Bank acquired a new stake in shares of Textron Inc. (NYSE:TXT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 59,303 shares of the aerospace company’s stock, valued at approximately $5,440,000.

A number of other institutional investors have also modified their holdings of TXT. Activest Wealth Management raised its position in Textron by 3,255.6% during the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after buying an additional 293 shares during the last quarter. Wilkerson Advisory Group LLC acquired a new position in shares of Textron during the fourth quarter worth about $26,000. Cedar Mountain Advisors LLC purchased a new position in Textron during the first quarter worth about $29,000. Elyxium Wealth LLC acquired a new stake in Textron in the fourth quarter valued at about $30,000. Finally, Strive Financial Group LLC purchased a new stake in Textron in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TXT. Wall Street Zen cut shares of Textron from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. upped their price target on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. TD Cowen lowered their target price on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Jefferies Financial Group reissued a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Finally, Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Textron has an average rating of “Moderate Buy” and an average target price of $102.44.

Textron Stock Performance

NYSE TXT opened at $82.97 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85. Textron Inc. has a 1-year low of $78.12 and a 1-year high of $101.57. The firm has a market capitalization of $14.27 billion, a P/E ratio of 15.65, a P/E/G ratio of 1.20 and a beta of 0.91. The business’s 50-day simple moving average is $89.66 and its 200-day simple moving average is $91.44.

Textron (NYSE:TXT) last posted 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. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.81 billion. Textron had a net margin of 6.12% and a return on equity of 14.30%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities analysts predict that Textron Inc. will post 6.5 EPS for the current year.

Textron Announces Dividend

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

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.