Lincoln Capital Corp Has $1.20 Million Stock Position in Textron Inc. (NYSE:TXT)

Lincoln Capital Corp lessened its stake in shares of Textron Inc. (NYSE:TXT) by 56.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,652 shares of the aerospace company’s stock after selling 19,997 shares during the quarter. Lincoln Capital Corp’s holdings in Textron were worth $1,197,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC purchased a new stake in shares of Textron during the 3rd quarter worth about $26,000. Capital Performance Advisors LLP acquired a new position in shares of Textron during the 3rd quarter worth $42,000. Eastern Bank bought a new position in shares of Textron during the 4th quarter valued at $42,000. Truvestments Capital LLC acquired a new stake in shares of Textron in the 3rd quarter valued at $43,000. Finally, Venturi Wealth Management LLC boosted its holdings in Textron by 69.5% in the third quarter. Venturi Wealth Management LLC now owns 566 shares of the aerospace company’s stock worth $50,000 after purchasing an additional 232 shares in the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on TXT. Robert W. Baird reduced their price target on Textron from $100.00 to $92.00 and set an “outperform” rating for the company in a research report on Thursday. Citigroup decreased their target price on Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday. UBS Group dropped their price target on shares of Textron from $87.00 to $79.00 and set a “sell” rating on the stock in a research report on Friday, October 25th. Morgan Stanley decreased their price objective on shares of Textron from $86.00 to $82.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Susquehanna cut their target price on shares of Textron from $100.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.73.

Textron Stock Down 0.1 %

NYSE TXT opened at $78.33 on Friday. Textron Inc. has a 1-year low of $74.89 and a 1-year high of $97.33. The company has a market capitalization of $14.53 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.27 and a beta of 1.27. The stock’s 50 day moving average is $80.03 and its two-hundred day moving average is $84.96. The company has a current ratio of 1.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40.

Textron (NYSE:TXT) last announced its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.27 by $0.07. Textron had a return on equity of 14.92% and a net margin of 6.01%. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3,778,060 billion. During the same quarter in the previous year, the firm earned $1.60 EPS. Textron’s quarterly revenue was down 7.2% on a year-over-year basis. Equities analysts forecast that Textron Inc. will post 6.15 earnings per share for the current fiscal year.

Textron Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.