Textron Inc. (TXT) Holdings Boosted by Hartford Investment Management Co.

Hartford Investment Management Co. boosted its position in Textron Inc. (NYSE:TXT) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,166 shares of the aerospace company’s stock after buying an additional 3,010 shares during the quarter. Hartford Investment Management Co.’s holdings in Textron were worth $1,709,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TXT. ETF Managers Group LLC raised its stake in shares of Textron by 147.0% in the 4th quarter. ETF Managers Group LLC now owns 30,678 shares of the aerospace company’s stock valued at $1,411,000 after purchasing an additional 18,259 shares in the last quarter. Essex Savings Bank acquired a new stake in shares of Textron in the 4th quarter valued at about $29,000. Dupont Capital Management Corp raised its stake in shares of Textron by 25.6% in the 4th quarter. Dupont Capital Management Corp now owns 7,350 shares of the aerospace company’s stock valued at $338,000 after purchasing an additional 1,497 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Textron by 74.8% in the 4th quarter. SG Americas Securities LLC now owns 41,729 shares of the aerospace company’s stock valued at $1,919,000 after purchasing an additional 17,858 shares in the last quarter. Finally, Intercontinental Wealth Advisors LLC acquired a new stake in shares of Textron in the 4th quarter valued at about $61,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

NYSE TXT opened at $52.58 on Monday. Textron Inc. has a 52 week low of $43.27 and a 52 week high of $72.87. The company has a quick ratio of 0.80, a current ratio of 1.89 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.15 and a beta of 1.71.

Textron (NYSE:TXT) last posted its earnings results on Thursday, January 24th. The aerospace company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.98 by $0.17. Textron had a net margin of 8.75% and a return on equity of 15.51%. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. Textron’s quarterly revenue was down 6.6% on a year-over-year basis. As a group, equities analysts expect that Textron Inc. will post 3.65 earnings per share for the current year.

A number of brokerages have recently issued reports on TXT. ValuEngine lowered shares of Textron from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Zacks Investment Research lowered shares of Textron from a “hold” rating to a “sell” rating in a research note on Saturday, November 17th. TheStreet upgraded shares of Textron from a “c+” rating to a “b” rating in a research note on Thursday, January 31st. Jefferies Financial Group set a $68.00 target price on shares of Textron and gave the company a “buy” rating in a research note on Friday, November 30th. Finally, Susquehanna Bancshares began coverage on shares of Textron in a research note on Thursday, January 10th. They issued a “neutral” rating and a $52.00 target price on the stock. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $68.25.

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Textron Company Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. The company's Textron Aviation segment manufactures and sells business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.

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Institutional Ownership by Quarter for Textron (NYSE:TXT)

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