Sequoia Financial Advisors LLC Has $5.47 Million Holdings in Textron Inc. $TXT

Sequoia Financial Advisors LLC boosted its stake in Textron Inc. (NYSE:TXT) by 10.5% in the third quarter, HoldingsChannel reports. The firm owned 64,721 shares of the aerospace company’s stock after buying an additional 6,154 shares during the period. Sequoia Financial Advisors LLC’s holdings in Textron were worth $5,468,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TXT. True Wealth Design LLC raised its holdings in shares of Textron by 388.5% in the third quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 237 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Textron by 191.9% in the second quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 213 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Textron during the second quarter valued at approximately $27,000. Quent Capital LLC purchased a new position in Textron during the third quarter worth about $33,000. Finally, Private Trust Co. NA raised its stake in Textron by 155.6% in the third quarter. Private Trust Co. NA now owns 460 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 280 shares in the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TXT has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $115.00 price objective on shares of Textron in a research note on Thursday. Wall Street Zen raised shares of Textron from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 27th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $94.00 price target on shares of Textron in a report on Tuesday, January 6th. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Finally, UBS Group raised their target price on shares of Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $96.33.

Textron Stock Performance

TXT stock opened at $94.38 on Tuesday. Textron Inc. has a one year low of $57.70 and a one year high of $94.88. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 1.84. The firm has a market cap of $16.63 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.41 and a beta of 1.00. The firm has a 50-day simple moving average of $86.63 and a two-hundred day simple moving average of $83.44.

Textron (NYSE:TXT) last issued its quarterly earnings data on Thursday, October 23rd. The aerospace company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.08. Textron had a return on equity of 14.16% and a net margin of 5.81%.The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts forecast that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Friday, December 12th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Textron’s payout ratio is currently 1.76%.

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.