Were Analysts Bullish Textron Inc. (NYSE:TXT) This Week?

July 16, 2018 - By Jason Dias

Textron Inc. (NYSE:TXT) LogoInvestors sentiment decreased to 0.83 in Q1 2018. 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.
Macquarie Gru Ltd invested in 0% or 6,500 shares. Utah Retirement holds 49,359 shares. Point72 Asia (Hong Kong) owns 0.05% invested in Textron Inc. (NYSE:TXT) for 1,574 shares. Moreover, Royal Bank Of Canada has 0.01% invested in Textron Inc. (NYSE:TXT) for 249,590 shares. Comerica Bancorp holds 0.03% or 62,463 shares. Wellington Mgmt Grp Llp has invested 0% of its portfolio in Textron Inc. (NYSE:TXT). Ww Asset Management owns 15,848 shares. Raymond James & Associates holds 139,298 shares. First Trust Advisors Ltd Partnership has invested 0.05% of its portfolio in Textron Inc. (NYSE:TXT). First Interstate Natl Bank accumulated 400 shares. Moreover, Natl Pension Service has 0.09% invested in Textron Inc. (NYSE:TXT) for 292,004 shares. Old Mutual Customised Solutions (Proprietary) Ltd holds 7,006 shares or 0.04% of its portfolio. United Capital Fincl Advisers Limited Liability Corporation accumulated 0% or 8,461 shares. Teachers Retirement Systems Of The State Of Kentucky holds 0.02% or 29,900 shares in its portfolio. Vanguard Inc accumulated 24.66 million shares or 0.06% of the stock.

Since April 27, 2018, it had 0 insider purchases, and 2 selling transactions for $17.66 million activity. DONNELLY SCOTT C sold $12.62M worth of stock.

Textron Inc. (NYSE:TXT) Ratings Coverage

Among 8 analysts covering Textron (NYSE:TXT), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Textron had 11 analyst reports since February 1, 2018 according to SRatingsIntel. Bank of America upgraded Textron Inc. (NYSE:TXT) on Thursday, April 19 to “Buy” rating. Robert W. Baird maintained Textron Inc. (NYSE:TXT) rating on Thursday, April 19. Robert W. Baird has “Outperform” rating and $72 target. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, July 12 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, April 12. The firm has “Equal-Weight” rating given on Thursday, February 1 by Morgan Stanley. The stock of Textron Inc. (NYSE:TXT) has “Hold” rating given on Monday, April 16 by Stephens. Jefferies maintained the stock with “Buy” rating in Sunday, February 4 report. The rating was maintained by Wells Fargo with “Buy” on Thursday, April 19. The rating was maintained by Citigroup with “Buy” on Tuesday, April 10. The stock of Textron Inc. (NYSE:TXT) has “Overweight” rating given on Thursday, April 19 by Barclays Capital. Below is a list of Textron Inc. (NYSE:TXT) latest ratings and price target changes.

12/07/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $64 New Target: $65 Maintain
19/04/2018 Broker: Wells Fargo Rating: Buy New Target: $72.0000 Maintain
19/04/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $70 New Target: $75 Maintain
19/04/2018 Broker: Robert W. Baird Old Rating: Outperform New Rating: Outperform Old Target: $68 New Target: $72 Maintain
19/04/2018 Broker: Bank of America Old Rating: Underperform New Rating: Buy Upgrade
16/04/2018 Broker: Stephens Rating: Hold New Target: $66.0000 Maintain
12/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $60 New Target: $59 Maintain
10/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $61 New Target: $67 Maintain
29/03/2018 Broker: Barclays Capital Rating: Overweight New Target: $70 Initiates Coverage On
04/02/2018 Broker: Jefferies Rating: Buy New Target: $74.0 Maintain

The stock decreased 0.65% or $0.44 during the last trading session, reaching $66.86. About 692,551 shares traded. Textron Inc. (NYSE:TXT) has risen 38.18% since July 16, 2017 and is uptrending. It has outperformed by 25.61% the S&P500.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The company has market cap of $17.12 billion. It operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. It has a 45.08 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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