Sequoia Financial Advisors LLC Has $6.16 Million Holdings in Textron Inc. $TXT

Sequoia Financial Advisors LLC lifted its holdings in Textron Inc. (NYSE:TXT) by 9.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,715 shares of the aerospace company’s stock after acquiring an additional 5,994 shares during the period. Sequoia Financial Advisors LLC’s holdings in Textron were worth $6,164,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of TXT. Activest Wealth Management lifted its position in Textron by 3,255.6% during the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 293 shares during the period. Quent Capital LLC bought a new stake in Textron during the third quarter worth about $33,000. Accredited Wealth Management LLC lifted its position in Textron by 804.0% during the third quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 402 shares during the period. Assetmark Inc. lifted its position in Textron by 52.2% during the third quarter. Assetmark Inc. now owns 493 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 169 shares during the period. Finally, Root Financial Partners LLC bought a new stake in Textron during the third quarter worth about $43,000. Institutional investors own 86.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TXT shares. Sanford C. Bernstein upped their price objective on shares of Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 19th. Freedom Capital raised shares of Textron to a “strong-buy” rating in a research report on Friday, January 16th. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. TD Cowen raised shares of Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Finally, UBS Group upped their price objective on shares of Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $101.18.

Textron Stock Down 0.7%

Shares of NYSE TXT opened at $90.99 on Friday. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.37 and a beta of 0.93. Textron Inc. has a 12 month low of $71.95 and a 12 month high of $101.57. The stock has a 50-day moving average price of $91.56 and a two-hundred day moving average price of $89.24.

Textron (NYSE:TXT) last issued its earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.30 by $0.15. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.50 billion. Textron had a return on equity of 14.56% and a net margin of 6.15%.The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, analysts forecast that Textron Inc. will post 6.6 earnings per share for the current fiscal year.

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s payout ratio is presently 1.53%.

Insider Activity

In other Textron news, Director Thomas A. Kennedy bought 10,300 shares of the stock in a transaction on Friday, May 1st. The stock was purchased at an average price of $95.98 per share, with a total value of $988,594.00. Following the completion of the purchase, the director owned 20,162 shares in the company, valued at $1,935,148.76. The trade was a 104.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP E Robert Lupone sold 28,056 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $98.84, for a total value of $2,773,055.04. Following the transaction, the executive vice president directly owned 103,991 shares of the company’s stock, valued at approximately $10,278,470.44. The trade was a 21.25% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 306,990 shares of company stock valued at $30,211,030. Corporate insiders own 1.90% of the company’s stock.

About Textron

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.