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

June 13, 2018 - By Mona Holcomb

Textron Inc. (NYSE:TXT) LogoInvestors sentiment decreased to 0.83 in 2018 Q1. Its down 0.37, from 1.2 in 2017Q4. It dropped, 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.
New York State Teachers Retirement invested in 416,034 shares or 0.06% of the stock. Signaturefd Lc reported 0.01% of its portfolio in Textron Inc. (NYSE:TXT). Manufacturers Life Ins Company The owns 222,513 shares. 13,212 were accumulated by Bb&T Secs Ltd Limited Liability Company. Enterprise Financial Corporation reported 0% in Textron Inc. (NYSE:TXT). Mackay Shields holds 97,283 shares. Tcw Grp, California-based fund reported 2.81 million shares. Hancock has 0.09% invested in Textron Inc. (NYSE:TXT) for 33,295 shares. Pinebridge Investments Limited Partnership stated it has 908 shares or 0% of all its holdings. Bluecrest Cap Limited has invested 0.02% in Textron Inc. (NYSE:TXT). Utah Retirement Systems accumulated 49,359 shares. Primecap Management Communication Ca, a California-based fund reported 4.56M shares. Canandaigua Natl Bank And invested in 0.03% or 4,165 shares. Northpointe Ltd Liability Corp stated it has 0.39% in Textron Inc. (NYSE:TXT). Atlantic Tru Group Limited Liability Company holds 0% or 123 shares.

Since April 27, 2018, it had 0 buys, and 2 sales for $17.66 million activity. Connor Frank T had sold 80,000 shares worth $5.04M 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 24.93 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 0.43% or $0.29 during the last trading session, reaching $67.81. About 1.51 million shares traded. Textron Inc. (NYSE:TXT) has risen 38.18% since June 14, 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. Jefferies maintained it with “Buy” rating and $68.0 target in Monday, January 8 report. The rating was maintained by Jefferies on Sunday, February 4 with “Buy”. Barclays Capital maintained Textron Inc. (NYSE:TXT) on Thursday, April 19 with “Overweight” rating. The firm has “Buy” rating by Citigroup given on Tuesday, April 10. The firm earned “Outperform” rating on Thursday, April 19 by Robert W. Baird. Morgan Stanley maintained Textron Inc. (NYSE:TXT) rating on Thursday, April 12. Morgan Stanley has “Equal-Weight” rating and $59 target. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Thursday, February 1 report. The stock of Textron Inc. (NYSE:TXT) has “Buy” rating given on Thursday, April 19 by Wells Fargo. Stephens maintained the stock with “Hold” rating in Thursday, January 11 report. The firm has “Hold” rating by Stephens given on Monday, April 16.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The company has market cap of $17.36 billion. It operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. It has a 59.27 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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