Sequoia Financial Advisors LLC Has $5.23 Million Stake in Textron Inc. $TXT

Sequoia Financial Advisors LLC decreased its position in Textron Inc. (NYSE:TXT) by 15.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,764 shares of the aerospace company’s stock after selling 10,951 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Textron were worth $5,233,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TXT. Goldman Sachs Group Inc. grew its position in shares of Textron by 22.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock valued at $103,890,000 after acquiring an additional 218,201 shares during the period. CWA Asset Management Group LLC purchased a new stake in Textron during the 4th quarter worth about $1,988,000. New York State Teachers Retirement System increased its holdings in Textron by 10.7% during the 4th quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company’s stock worth $13,641,000 after acquiring an additional 15,159 shares during the period. Econ Financial Services Corp bought a new stake in Textron during the fourth quarter valued at $1,879,000. Finally, National Pension Service boosted its position in shares of Textron by 17.5% during the 4th quarter. National Pension Service now owns 98,656 shares of the aerospace company’s stock valued at $8,600,000 after acquiring an additional 14,701 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Stock Up 0.0%

Shares of Textron stock opened at $90.93 on Monday. Textron Inc. has a twelve month low of $75.80 and a twelve month high of $101.57. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $91.21 and its 200 day moving average is $91.90. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90.

Textron (NYSE:TXT) last posted its earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.15. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.50 billion. Textron had a net margin of 6.15% and a return on equity of 14.56%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts anticipate that Textron Inc. will post 6.6 EPS for the current year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, June 12th. Textron’s dividend payout ratio is 1.53%.

Analyst Ratings Changes

A number of research analysts recently commented on TXT shares. UBS Group increased their target price on Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Wall Street Zen downgraded Textron from a “buy” rating to a “hold” rating in a report on Sunday. TD Cowen raised Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Finally, Morgan Stanley set a $109.00 target price on Textron in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $102.80.

Insiders Place Their Bets

In other Textron news, Director R Kerry Clark sold 2,517 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the completion of the sale, the director directly owned 8,611 shares in the company, valued at $801,597.99. The trade was a 22.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas A. Kennedy purchased 10,300 shares of Textron stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $95.98 per share, with a total value of $988,594.00. Following the transaction, the director directly owned 20,162 shares in the company, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.90% of the stock is currently owned by corporate insiders.

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.