Hartford Investment Management Co. Has $875,000 Position in Textron Inc. (NYSE:TXT)

Hartford Investment Management Co. trimmed its holdings in shares of Textron Inc. (NYSE:TXT) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,444 shares of the aerospace company’s stock after selling 378 shares during the quarter. Hartford Investment Management Co.’s holdings in Textron were worth $875,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. True Wealth Design LLC bought a new position in Textron during the 3rd quarter worth $26,000. Capital Performance Advisors LLP bought a new position in shares of Textron during the third quarter worth about $42,000. Eastern Bank acquired a new position in shares of Textron in the fourth quarter worth approximately $42,000. Truvestments Capital LLC bought a new stake in Textron in the third quarter valued at approximately $43,000. Finally, Venturi Wealth Management LLC raised its holdings in Textron by 69.5% during the 3rd 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 last quarter. Institutional investors own 86.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Robert W. Baird reduced their price objective on shares of Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. TD Cowen raised Textron to a “hold” rating in a research report on Thursday, December 19th. Barclays cut their target price on Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Bank of America downgraded Textron from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $110.00 to $85.00 in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.45.

Textron Trading Down 1.0 %

NYSE:TXT opened at $72.35 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. Textron Inc. has a one year low of $72.03 and a one year high of $97.33. The company has a market cap of $13.42 billion, a PE ratio of 16.79, a PEG ratio of 1.23 and a beta of 1.27. The firm has a 50-day moving average of $77.13 and a 200-day moving average of $83.30.

Textron (NYSE:TXT) last issued its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 EPS 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 the consensus estimate of $3.78 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 prior year, the business posted $1.60 earnings per share. As a group, equities research analysts expect that Textron Inc. will post 6.1 EPS for the current fiscal year.

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.