Economy

Textron Inc. (TXT) Position Lifted by Mitsubishi UFJ Trust & Banking Corp

Textron Inc. (NYSE:TXT) ended its day at $51.19 with the rising stream of 3.96% and its total traded volume was 2.87 million shares more than the average volume. Textron Inc. (NYSE:TXT) has risen 23.87% since September 9, 2016 and is uptrending. Textron Inc. (TXT) is intriguing when broken down to its core data. Institutional investors own 81.50% of the company's stock. Old Natl Comml Bank In stated it has 0.01% of its portfolio in Textron Inc. Bank of Montreal Can now owns 132,775 shares of the aerospace company's stock valued at $6,317,000 after buying an additional 644 shares in the last quarter. BKS Advisors LLC purchased a new position in Textron during the third quarter worth approximately $166,000. Finally, Retirement Systems of Alabama increased its holdings in shares of Textron by 2.2% in the first quarter. The Guggenheim Capital Llc holds 767,328 shares with $37.26M value, up from 689,253 last quarter. South Dakota Investment Council's holdings in Textron were valued $1,762,000 during the latest fiscal quarter. The company's market cap is $13.15 Billion, and the average volume is 1.26 Million. Pacer Advisors Inc. now owns 5,440 shares of the company's stock worth $199,000 after buying an additional 464 shares during the period.

Let's have a look at some of the important valuation ratios of the Textron Inc. Zacks Investment Research cut Textron from a "hold" rating to a "sell" rating in a report on Tuesday, June 27th. The corporation has a 50 Day SMA price of $48.75 and a two hundred day SMA of $47.72. Textron Inc. The firm has a market capitalization of $13.03 billion, a P/E ratio of 15.05 and a beta of 1.56. Textron has a 12-month low of $30.69 and a 12-month high of $50.93.

The company has mean EPS estimate of 0.84 reported by 14 number of analyst for the quarter ending Current Qtr.(Sep2017). The company posted earnings of $3.60 B for the period, compared to the average forecast of $3.57 B. Textron had a ROE of 11.97% and a net profit margin of 6.45%.

11 number of analysts have estimated the sales of the company for the quarter ending Oct 18, 2017- Oct 23, 2017, analysts estimated mean sale target of 4162.29 million while high and low sale targets are estimated at 4447.92 million and 3871 million respectively. For the past 5 years, the company's revenue has grown -16.6%, while the company's earnings per share has grown -20%.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. (NYSE:TXT). Globeflex Cap LP invested in 0.44% or 36,162 shares. Textron's yield ratio is presently 2.45%. The ex-dividend date is Thurs, Sep 14th. This dividend represents a yeild of $0.16 which is the dividend as a percentage of the current share price.

TRADEMARK VIOLATION NOTICE: "Advisors Asset Management Inc". Pacer Advisors Inc. raised its position in Textron by 9.3% in the second quarter. (NYSE:TXT) for 12,464 shares. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & global copyright laws. The legal version of this story can be viewed at https://weekherald.com/2017/09/10/textron-inc-txt-position-increased-by-mitsubishi-ufj-trust-banking-corp.html.

Several equities research analysts have recently issued reports on the stock. Credit Suisse Group reaffirmed a "buy" rating and issued a $50.00 target price on shares of Textron in a research note on Wednesday, May 24th. (NYSE:TXT) on Thursday, January 28 with "Outperform" rating. ValuEngine raised shares of Textron from a "hold" rating to a "buy" rating in a research note on Friday. Cowen & Co maintained the stock with "Buy" rating in Monday, July 17 report.

Among 13 analysts covering Textron (NYSE:TXT), 8 have Buy rating, 2 Sell and 3 Hold.

August 17 investment analysts at Morgan Stanley maintained a stock rating of "Underweight" but raised the price expectation to $47.00 from $39.00.

Textron Inc., launched on July 31, 1967, is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Firm operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial and Finance.



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