The Manufacturers Life Insurance Company Purchases Shares of 87,706 Textron Inc. $TXT

The Manufacturers Life Insurance Company purchased a new position in shares of Textron Inc. (NYSE:TXT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 87,706 shares of the aerospace company’s stock, valued at approximately $8,045,000. The Manufacturers Life Insurance Company owned 0.05% of Textron at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Textron by 13.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock valued at $1,049,000 after buying an additional 1,709 shares in the last quarter. Empowered Funds LLC lifted its position in Textron by 6.3% during the 1st quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock worth $1,546,000 after acquiring an additional 1,265 shares in the last quarter. Focus Partners Wealth lifted its position in Textron by 18.0% during the 1st quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock worth $348,000 after acquiring an additional 735 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Textron in the 2nd quarter worth approximately $453,000. Finally, Baird Financial Group Inc. grew its position in Textron by 15.3% in the second quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock valued at $1,539,000 after acquiring an additional 2,548 shares in the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Price Performance

Shares of NYSE TXT opened at $83.19 on Monday. The stock has a market cap of $14.31 billion, a P/E ratio of 15.70, a P/E/G ratio of 1.21 and a beta of 0.91. The firm’s 50-day simple moving average is $88.74 and its 200 day simple moving average is $91.08. Textron Inc. has a fifty-two week low of $78.12 and a fifty-two week high of $101.57. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.43.

Textron (NYSE:TXT) last announced its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.07. Textron had a net margin of 6.12% and a return on equity of 14.30%. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the prior year, the firm posted $1.55 EPS. Textron’s 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. Equities analysts expect that Textron Inc. will post 6.5 EPS for the current year.

Textron Announces Dividend

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

Analyst Ratings Changes

TXT has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a report on Sunday, May 3rd. UBS Group restated a “neutral” rating and set a $95.00 target price on shares of Textron in a research note on Wednesday, July 29th. Morgan Stanley set a $98.00 target price on 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 on the stock 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 issued a Hold rating to the stock. According to MarketBeat, Textron presently has an average rating of “Moderate Buy” and a consensus target price of $102.44.

Textron Company 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.