Analysts See $0.76 EPS for Textron Inc. (TXT)

September 25, 2018 - By Matthew Richard

Textron Inc. (NYSE:TXT) LogoInvestors sentiment increased to 1.01 in 2018 Q2. Its up 0.18, from 0.83 in 2018Q1. It improved, as 22 investors sold Textron Inc. shares while 149 reduced holdings. 66 funds opened positions while 106 raised stakes. 204.61 million shares or 3.15% less from 211.27 million shares in 2018Q1 were reported.
Wells Fargo & Company Mn reported 794,714 shares stake. Columbus Circle holds 0.37% or 270,450 shares in its portfolio. Lmr Prtnrs Limited Liability Partnership holds 0.02% in Textron Inc. (NYSE:TXT) or 5,741 shares. Pictet Asset Ltd owns 60,388 shares. Moreover, Grantham Mayo Van Otterloo And Commerce Limited Liability Company has 0.03% invested in Textron Inc. (NYSE:TXT). Hudson Bay Capital Mngmt Limited Partnership has 0.02% invested in Textron Inc. (NYSE:TXT) for 20,495 shares. Thompson Siegel & Walmsley Ltd Llc has 0.01% invested in Textron Inc. (NYSE:TXT). Founders Mgmt Limited Liability Co reported 0.1% stake. 3,917 are owned by Heartland Advsr. Horrell Capital Management accumulated 5,000 shares or 0.17% of the stock. Tcw Grp Inc Inc invested in 1.58% or 2.95M shares. Citigroup Incorporated owns 35,332 shares or 0% of their US portfolio. Manufacturers Life The invested in 215,327 shares or 0.02% of the stock. 24,107 were accumulated by New Mexico Educational Retirement Board. Peak6 Invs Ltd Partnership owns 35,434 shares.

Since April 27, 2018, it had 0 insider buys, and 3 sales for $20.69 million activity. The insider DONNELLY SCOTT C sold $12.62M. $5.04M worth of Textron Inc. (NYSE:TXT) was sold by Connor Frank T on Friday, April 27.

Analysts expect Textron Inc. (NYSE:TXT) to report $0.76 EPS on October, 18.They anticipate $0.11 EPS change or 16.92 % from last quarter’s $0.65 EPS. TXT’s profit would be $188.80M giving it 23.47 P/E if the $0.76 EPS is correct. After having $0.87 EPS previously, Textron Inc.’s analysts see -12.64 % EPS growth. The stock decreased 0.64% or $0.46 during the last trading session, reaching $71.36. About 851,063 shares traded. Textron Inc. (NYSE:TXT) has risen 33.07% since September 25, 2017 and is uptrending. It has outperformed by 17.45% the S&P500.

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 March 29, 2018 according to SRatingsIntel. Morgan Stanley maintained it with “Equal-Weight” rating and $59 target in Thursday, April 12 report. The rating was maintained by Citigroup with “Buy” on Tuesday, April 10. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, July 12 report. The stock of Textron Inc. (NYSE:TXT) earned “Overweight” rating by Barclays Capital on Thursday, April 19. Wells Fargo maintained the shares of TXT in report on Thursday, April 19 with “Buy” rating. The firm has “Buy” rating by Bank of America given on Thursday, April 19. The rating was maintained by Stephens with “Hold” on Monday, April 16. Bank of America maintained it with “Buy” rating and $78 target in Wednesday, July 25 report. The stock of Textron Inc. (NYSE:TXT) has “Overweight” rating given on Monday, July 23 by JP Morgan. On Thursday, April 19 the stock rating was maintained by Robert W. Baird with “Outperform”.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The company has market cap of $17.73 billion. It operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. It has a 40.36 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.

More news for Textron Inc. (NYSE:TXT) were recently published by: Fool.com, which released: “Here Are the Big Winners in the 2019 Defense Budget” on September 22, 2018. Bizjournals.com‘s article titled: “Textron Aviation confident in future of Cessna Citation Hemisphere” and published on September 24, 2018 is yet another important article.

Textron Inc. (NYSE:TXT) Institutional Positions Chart

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