Lincoln Capital Corp Sells 19,997 Shares of Textron Inc. (NYSE:TXT)

Lincoln Capital Corp trimmed its stake in Textron Inc. (NYSE:TXT - Free Report) by 56.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. True Wealth Design LLC acquired a new stake in Textron during the third quarter worth $26,000. Capital Performance Advisors LLP acquired a new stake in shares of Textron during the 3rd quarter valued at about $42,000. Eastern Bank bought a new stake in Textron in the fourth quarter valued at about $42,000. Truvestments Capital LLC acquired a new position in Textron in the third quarter worth about $43,000. Finally, Venturi Wealth Management LLC lifted its stake in Textron by 69.5% during 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 during the period. Institutional investors and hedge funds own 86.03% of the company's stock.

Textron Trading Down 1.3 %

Shares of NYSE TXT traded down $0.99 during midday trading on Friday, hitting $77.22. The stock had a trading volume of 1,928,919 shares, compared to its average volume of 1,466,855. The firm has a market cap of $14.33 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 1.27 and a beta of 1.27. Textron Inc. has a fifty-two week low of $74.89 and a fifty-two week high of $97.33. 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 company's 50-day simple moving average is $79.88 and its 200 day simple moving average is $84.90.

Textron (NYSE:TXT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07. The firm had revenue of $3.61 billion during the quarter, compared to analysts' expectations of $3,778,060 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. The company's quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.60 EPS. Research analysts anticipate that Textron Inc. will post 6.15 EPS for the current year.

Analysts Set New Price Targets

TXT has been the subject of a number of recent research reports. Susquehanna dropped their target price on Textron from $100.00 to $90.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Morgan Stanley cut their price objective on Textron from $86.00 to $82.00 and set an "equal weight" rating for the company in a report on Thursday. Citigroup lowered their target price on shares of Textron from $118.00 to $111.00 and set a "buy" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. cut their price target on shares of Textron from $90.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Finally, Bank of America cut shares of Textron from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $110.00 to $85.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $93.45.

About Textron

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.