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

Sequoia Financial Advisors LLC raised its position in Textron Inc. (NYSE:TXT) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,715 shares of the aerospace company’s stock after acquiring an additional 5,994 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Textron were worth $6,164,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TXT. AQR Capital Management LLC lifted its stake in Textron by 144.1% in the second quarter. AQR Capital Management LLC now owns 2,664,612 shares of the aerospace company’s stock valued at $213,942,000 after acquiring an additional 1,573,206 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Textron by 270.7% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock worth $80,759,000 after acquiring an additional 734,478 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of Textron during the 3rd quarter worth approximately $56,255,000. SG Americas Securities LLC boosted its stake in shares of Textron by 8,087.0% during the 4th quarter. SG Americas Securities LLC now owns 429,492 shares of the aerospace company’s stock worth $37,439,000 after acquiring an additional 424,246 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Textron by 56.2% during the 3rd quarter. Millennium Management LLC now owns 926,237 shares of the aerospace company’s stock worth $78,258,000 after acquiring an additional 333,421 shares during the period. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Price Performance

Shares of TXT opened at $90.99 on Friday. The firm has a market capitalization of $15.82 billion, a PE ratio of 17.40, a PEG ratio of 1.37 and a beta of 0.93. The company’s 50-day moving average is $91.56 and its 200-day moving average is $89.24. Textron Inc. has a fifty-two week low of $71.95 and a fifty-two week high of $101.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87.

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

Textron Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP E Robert Lupone sold 28,056 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were 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 in the company, valued at approximately $10,278,470.44. This represents a 21.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Mark S. Bamford sold 19,808 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $97.96, for a total transaction of $1,940,391.68. Following the completion of the transaction, the vice president owned 7,872 shares in the company, valued at $771,141.12. This trade represents a 71.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 306,990 shares of company stock valued at $30,211,030 in the last three months. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

TXT has been the subject of several research analyst reports. Morgan Stanley set a $109.00 target price on Textron in a research note on Monday. Susquehanna reissued a “positive” rating and issued a $110.00 price objective on shares of Textron in a research report on Thursday, January 15th. UBS Group increased their price objective on shares of Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research report on Monday. Wall Street Zen lowered shares of Textron from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Textron presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.18.

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.