Textron Inc. (TXT) Analysts See $0.76 EPS

September 25, 2018 - By Jack Shaw

Textron Inc. (NYSE:TXT) LogoInvestors sentiment increased to 1.01 in Q2 2018. Its up 0.18, from 0.83 in 2018Q1. It is positive, 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.
Public Sector Pension Investment Board invested in 0.01% or 14,314 shares. Ledyard National Bank has 0% invested in Textron Inc. (NYSE:TXT). Northwestern Mutual Wealth Management has 2,314 shares for 0% of their portfolio. Quantitative Systematic Strategies Lc stated it has 19,973 shares. Louisiana State Employees Retirement Sys invested in 0.04% or 15,100 shares. Blb&B Advisors Limited Liability Co invested 0.61% in Textron Inc. (NYSE:TXT). Liberty Mutual Gp Asset Mngmt Inc has invested 0.02% in Textron Inc. (NYSE:TXT). New Mexico Educational Retirement Board owns 24,107 shares. Great West Life Assurance Comm Can reported 180,472 shares. 3.55 million were accumulated by Dimensional Fund Advsrs Limited Partnership. Jpmorgan Chase & has 285,565 shares for 0% of their portfolio. 15,719 were reported by Westpac Bk. Norinchukin National Bank & Trust The invested 0.03% in Textron Inc. (NYSE:TXT). Massachusetts Ser Ma accumulated 1.22M shares. Nebraska-based Cwm Limited Liability Corp has invested 0% in Textron Inc. (NYSE:TXT).

Since April 27, 2018, it had 0 insider buys, and 3 selling transactions for $20.69 million activity. 45,000 shares valued at $3.04M were sold by Lupone E Robert on Monday, July 30. Shares for $12.62M were sold by DONNELLY SCOTT C.

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 stock of Textron Inc. (NYSE:TXT) has “Buy” rating given on Thursday, April 19 by Wells Fargo. As per Thursday, April 19, the company rating was maintained by Barclays Capital. As per Thursday, July 12, the company rating was maintained by Morgan Stanley. Bank of America maintained Textron Inc. (NYSE:TXT) rating on Wednesday, July 25. Bank of America has “Buy” rating and $78 target. Citigroup maintained it with “Buy” rating and $67 target in Tuesday, April 10 report. The stock of Textron Inc. (NYSE:TXT) earned “Overweight” rating by JP Morgan on Monday, July 23. Stephens maintained Textron Inc. (NYSE:TXT) on Monday, April 16 with “Hold” rating. The company was upgraded on Thursday, April 19 by Bank of America. The firm has “Outperform” rating by Robert W. Baird given on Thursday, April 19.

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: Bizjournals.com, which released: “Textron Aviation confident in future of Cessna Citation Hemisphere” on September 24, 2018. Fool.com‘s article titled: “Here Are the Big Winners in the 2019 Defense Budget” and published on September 22, 2018 is yet another important article.

Textron Inc. (NYSE:TXT) Institutional Positions Chart

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