Textron Inc. (TXT) Analysts See $0.76 EPS

September 25, 2018 - By Robert Reynolds

Textron Inc. (NYSE:TXT) LogoInvestors sentiment increased to 1.01 in Q2 2018. 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.
Guardian Life Ins Com Of America has 0.01% invested in Textron Inc. (NYSE:TXT). Panagora Asset Mgmt Inc reported 0% of its portfolio in Textron Inc. (NYSE:TXT). Menta Cap Ltd Liability Co accumulated 5,882 shares. Captrust Fincl reported 320 shares. 5,408 are owned by Nuwave Mngmt Ltd. 34.39M were reported by Price T Rowe Incorporated Md. Creative Planning invested in 0% or 18,339 shares. Gabelli Funds holds 0.46% of its portfolio in Textron Inc. (NYSE:TXT) for 1.17 million shares. Parametric Assocs Limited Liability Corporation holds 0.04% or 635,262 shares in its portfolio. Northwestern Mutual Wealth Management Communications has 2,314 shares. Chevy Chase Tru, a Maryland-based fund reported 215,359 shares. Proshare Advsr Ltd Liability Com invested 0.02% of its portfolio in Textron Inc. (NYSE:TXT). Geode Capital Mngmt Lc accumulated 0.06% or 2.95 million shares. First Manhattan Com holds 0% of its portfolio in Textron Inc. (NYSE:TXT) for 1,000 shares. Paloma Ptnrs has invested 0.07% in Textron Inc. (NYSE:TXT).

Since April 27, 2018, it had 0 buys, and 3 sales for $20.69 million activity. The insider Connor Frank T sold $5.04M. The insider Lupone E Robert sold 45,000 shares worth $3.04 million.

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. Citigroup maintained Textron Inc. (NYSE:TXT) rating on Tuesday, April 10. Citigroup has “Buy” rating and $67 target. The stock of Textron Inc. (NYSE:TXT) earned “Overweight” rating by JP Morgan on Monday, July 23. The stock has “Buy” rating by Bank of America on Wednesday, July 25. Robert W. Baird maintained Textron Inc. (NYSE:TXT) on Thursday, April 19 with “Outperform” rating. The firm has “Hold” rating given on Monday, April 16 by Stephens. On Thursday, April 19 the stock rating was maintained by Wells Fargo with “Buy”. As per Thursday, April 19, the company rating was upgraded by Bank of America. Barclays Capital maintained the stock with “Overweight” rating in Thursday, April 19 report. The stock of Textron Inc. (NYSE:TXT) earned “Equal-Weight” rating by Morgan Stanley on Thursday, April 12. Morgan Stanley maintained Textron Inc. (NYSE:TXT) rating on Thursday, July 12. Morgan Stanley has “Equal-Weight” rating and $65 target.

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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