$0.68 EPS Expected for Textron Inc. (TXT)

June 15, 2018 - By Marie Mckinney

Textron Inc. (NYSE:TXT) LogoInvestors sentiment decreased to 0.83 in 2018 Q1. Its down 0.37, from 1.2 in 2017Q4. It turned negative, 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.
Thompson Siegel & Walmsley Ltd Company accumulated 6,406 shares. Natixis stated it has 0.17% in Textron Inc. (NYSE:TXT). Levin Strategies L P reported 1.03 million shares stake. The New York-based Estabrook Cap Mgmt has invested 0% in Textron Inc. (NYSE:TXT). Advisory Net Limited Liability, a Georgia-based fund reported 19,149 shares. Ameritas Invest Prtnrs invested in 5,444 shares or 0.02% of the stock. Vigilant Capital Limited Com reported 650 shares. Texas Permanent School Fund reported 67,637 shares. Deutsche Bank & Trust Ag stated it has 0.04% of its portfolio in Textron Inc. (NYSE:TXT). Inc stated it has 89,909 shares or 0.02% of all its holdings. Renaissance Ltd Liability has 0.06% invested in Textron Inc. (NYSE:TXT). Stifel, a Missouri-based fund reported 214,239 shares. Dupont Cap Mngmt Corp accumulated 1,990 shares. Panagora Asset Management reported 35,143 shares stake. Fifth Third Bankshares, Ohio-based fund reported 3,091 shares.

Since April 27, 2018, it had 0 insider buys, and 2 selling transactions for $17.66 million activity. Connor Frank T also sold $5.04M worth of Textron Inc. (NYSE:TXT) 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 1.58M 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 firm earned “Buy” rating on Sunday, February 4 by Jefferies. Barclays Capital maintained it with “Overweight” rating and $75 target in Thursday, April 19 report. Wells Fargo maintained Textron Inc. (NYSE:TXT) rating on Thursday, April 19. Wells Fargo has “Buy” rating and $7200 target. The stock of Textron Inc. (NYSE:TXT) earned “Hold” rating by Stephens on Monday, April 16. Bank of America upgraded the shares of TXT in report on Thursday, April 19 to “Buy” rating. The stock of Textron Inc. (NYSE:TXT) has “Buy” rating given on Tuesday, April 10 by Citigroup. Morgan Stanley upgraded Textron Inc. (NYSE:TXT) on Thursday, February 1 to “Equal-Weight” rating. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, April 12. The firm earned “Outperform” rating on Thursday, April 19 by Robert W. Baird. Wells Fargo maintained the shares of TXT in report on Tuesday, January 16 with “Buy” rating.

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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