Lincoln Capital Corp Reduces Holdings in Textron Inc. (NYSE:TXT)

Lincoln Capital Corp lessened its holdings in Textron Inc. (NYSE:TXT) by 56.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,652 shares of the aerospace company’s stock after selling 19,997 shares during the period. Lincoln Capital Corp’s holdings in Textron were worth $1,197,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Empirical Finance LLC grew its holdings in Textron by 1.7% in the 3rd quarter. Empirical Finance LLC now owns 7,047 shares of the aerospace company’s stock valued at $624,000 after buying an additional 115 shares during the period. Davis Investment Partners LLC grew its holdings in Textron by 0.8% in the third quarter. Davis Investment Partners LLC now owns 14,828 shares of the aerospace company’s stock valued at $1,290,000 after purchasing an additional 118 shares during the period. Apollon Wealth Management LLC increased its position in Textron by 4.9% during the third quarter. Apollon Wealth Management LLC now owns 2,655 shares of the aerospace company’s stock worth $235,000 after purchasing an additional 125 shares during the last quarter. Creative Planning increased its position in Textron by 0.4% during the third quarter. Creative Planning now owns 37,304 shares of the aerospace company’s stock worth $3,304,000 after purchasing an additional 165 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Textron by 4.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,116 shares of the aerospace company’s stock worth $353,000 after purchasing an additional 175 shares during the period. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Stock Down 0.1 %

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

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TXT shares. TD Cowen upgraded Textron to a “hold” rating in a report on Thursday, December 19th. Barclays dropped their price target on Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Citigroup dropped their target price on shares of Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday. UBS Group decreased their price objective on shares of Textron from $87.00 to $79.00 and set a “sell” rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird cut their target price on shares of Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $95.73.

Textron Company 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.