Analysts See $0.68 EPS for Textron Inc. (TXT)

June 15, 2018 - By Michael Lara

Textron Inc. (NYSE:TXT) LogoInvestors sentiment decreased to 0.83 in 2018 Q1. Its down 0.37, from 1.2 in 2017Q4. It worsened, as 38 investors sold Textron Inc. shares while 145 reduced holdings. 42 funds opened positions while 109 raised stakes. 211.27 million shares or 2.11% less from 215.83 million shares in 2017Q4 were reported.
Renaissance Technologies Limited Liability Co reported 0.06% stake. Focused Wealth Management Inc holds 0% or 1 shares. Baystate Wealth Lc reported 0% in Textron Inc. (NYSE:TXT). Stratos Wealth Partners Ltd reported 19,920 shares stake. Manufacturers Life The holds 222,513 shares or 0.01% of its portfolio. The California-based San Francisco Sentry Investment Grp Inc (Ca) has invested 0% in Textron Inc. (NYSE:TXT). Korea Inv Corporation holds 63,949 shares or 0.02% of its portfolio. Acadian Asset Llc holds 661 shares. Brown Brothers Harriman & Co stated it has 3,460 shares. Optimum Invest Advsr reported 1,600 shares. Royal Retail Bank Of Canada has 249,590 shares for 0.01% of their portfolio. Brandywine Investment Management Limited Liability Corporation invested in 242,783 shares or 0.09% of the stock. Deutsche Bankshares Ag holds 1.16 million shares. Brinker Cap has 55,224 shares for 0.13% of their portfolio. Baldwin Investment Mgmt Ltd Liability Co owns 7,200 shares for 0.15% of their portfolio.

Since April 27, 2018, it had 0 insider purchases, and 2 insider sales for $17.66 million activity. $12.62M worth of Textron Inc. (NYSE:TXT) was sold by DONNELLY SCOTT C on Friday, April 27.

Analysts expect Textron Inc. (NYSE:TXT) to report $0.68 EPS on July, 18.They anticipate $0.08 EPS change or 13.33 % from last quarter’s $0.6 EPS. TXT’s profit would be $174.11M giving it 24.81 P/E if the $0.68 EPS is correct. After having $0.72 EPS previously, Textron Inc.’s analysts see -5.56 % EPS growth. The stock decreased 0.44% or $0.3 during the last trading session, reaching $67.49. About 1.58 million shares traded. Textron Inc. (NYSE:TXT) has risen 38.18% since June 15, 2017 and is uptrending. It has outperformed by 25.61% the S&P500.

Textron Inc. (NYSE:TXT) Ratings Coverage

Among 8 analysts covering Textron Inc (NYSE:TXT), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Textron Inc had 13 analyst reports since January 8, 2018 according to SRatingsIntel. The stock of Textron Inc. (NYSE:TXT) has “Buy” rating given on Thursday, April 19 by Bank of America. The stock of Textron Inc. (NYSE:TXT) has “Buy” rating given on Tuesday, January 16 by Wells Fargo. Jefferies maintained it with “Buy” rating and $68.0 target in Monday, January 8 report. The stock of Textron Inc. (NYSE:TXT) has “Buy” rating given on Thursday, April 19 by Wells Fargo. Citigroup maintained Textron Inc. (NYSE:TXT) on Tuesday, April 10 with “Buy” rating. The stock of Textron Inc. (NYSE:TXT) earned “Hold” rating by Stephens on Monday, April 16. On Sunday, February 4 the stock rating was maintained by Jefferies with “Buy”. Barclays Capital maintained the shares of TXT in report on Thursday, April 19 with “Overweight” rating. The company was maintained on Thursday, April 19 by Robert W. Baird. The rating was maintained by Morgan Stanley on Thursday, April 12 with “Equal-Weight”.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The company has market cap of $17.28 billion. It operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. It has a 58.99 P/E ratio. The Textron Aviation segment makes and sells business jets, turboprop aircraft, piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.

Textron Inc. (NYSE:TXT) Institutional Positions Chart

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