Public Employees Retirement System of Ohio Invests $4.92 Million in Textron Inc. $TXT

Public Employees Retirement System of Ohio purchased a new position in shares of Textron Inc. (NYSE:TXT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 53,597 shares of the aerospace company’s stock, valued at approximately $4,916,000.

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

Textron Trading Down 0.7%

TXT opened at $79.16 on Thursday. Textron Inc. has a twelve month low of $78.12 and a twelve month high of $101.57. The company has a 50-day simple moving average of $88.33 and a 200 day simple moving average of $90.71. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 1.16 and a beta of 0.90.

Textron (NYSE:TXT) last announced its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the company posted $1.55 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Analysts predict that Textron Inc. will post 6.5 EPS for the current fiscal year.

Textron Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. TD Cowen dropped their price objective on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Wall Street Zen cut shares of Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Morgan Stanley set a $98.00 price target on shares of Textron in a research report on Wednesday, July 29th. Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Finally, UBS Group reissued a “neutral” rating and set a $95.00 price target on shares of Textron in a research report on Wednesday, July 29th. One research 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 currently has a consensus rating of “Moderate Buy” and an average target price 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.