Cerity Partners LLC Has $957,000 Position in Textron Inc. (NYSE:TXT)

Cerity Partners LLC decreased its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 32.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,243 shares of the aerospace company's stock after selling 6,364 shares during the period. Cerity Partners LLC's holdings in Textron were worth $957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Optiver Holding B.V. bought a new position in shares of Textron in the fourth quarter valued at $56,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Textron by 123.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 842 shares of the aerospace company's stock valued at $61,000 after buying an additional 465 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Textron by 22.9% in the first quarter. Parallel Advisors LLC now owns 1,115 shares of the aerospace company's stock valued at $81,000 after buying an additional 208 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of Textron in the first quarter valued at $92,000. Finally, Transce3nd LLC bought a new position in shares of Textron in the fourth quarter valued at $108,000. Institutional investors own 86.03% of the company's stock.

Analyst Upgrades and Downgrades

TXT has been the topic of several research reports. Jefferies Financial Group reaffirmed a "buy" rating and issued a $95.00 price target (up previously from $85.00) on shares of Textron in a report on Thursday, June 12th. Morgan Stanley lifted their price objective on shares of Textron from $71.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Susquehanna lifted their price objective on shares of Textron from $90.00 to $95.00 and gave the stock a "positive" rating in a research report on Friday. UBS Group lifted their price objective on shares of Textron from $62.00 to $63.00 and gave the stock a "sell" rating in a research report on Monday, April 28th. Finally, Wall Street Zen upgraded shares of Textron from a "buy" rating to a "strong-buy" rating in a research report on Sunday, July 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.75.

Textron Stock Down 1.8%

NYSE:TXT traded down $1.48 during trading hours on Friday, reaching $79.45. The company's stock had a trading volume of 4,296,444 shares, compared to its average volume of 1,532,790. The company has a market cap of $14.34 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 1.42 and a beta of 1.17. Textron Inc. has a one year low of $57.70 and a one year high of $93.98. The business's 50-day moving average is $78.93 and its 200-day moving average is $74.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.80 and a quick ratio of 0.83.

Textron (NYSE:TXT - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The aerospace company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. The firm had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.64 billion. Textron had a net margin of 5.98% and a return on equity of 14.77%. Textron's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.54 earnings per share. Equities research analysts predict that Textron Inc. will post 6.12 EPS for the current 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.