Economy

Textron Inc. (NYSE:TXT) Experiences Lighter than Average Trading Volume

It turned negative, as 44 investors sold TXT shares while 132 reduced holdings. Capital Research Global Investors now owns 17,469,176 shares of the aerospace company's stock worth $694,400,000 after buying an additional 5,100,000 shares during the last quarter. Institutional investors own 81.49% of the company's stock. It has outperformed by 20.71% the S&P500.

Shares of Textron Inc. Davidson D A & Company bought 8,424 shares as the company's stock declined 3.85% while stock markets rallied. The aerospace company reported $0.60 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.55 by $0.05. They now have a Dollars 55 price target on the stock. The company had a trading volume of 855,884 shares.

Textron Inc. (NYSE:TXT)'s stock has been a favorite of "smart money" aka institutions, as of late. It has outperformed by 7.17% the S&P500.

Shares of Textron (NYSE TXT) traded down 0.29% during trading on Friday, reaching $55.49. Therefore 69% are positive. Textron's dividend payout ratio is now 2.45%. The firm has "Buy" rating by Citigroup given on Wednesday, September 2. On Thursday, September 21 the stock rating was maintained by Cowen & Co with "Buy".

01/28/2016 - Textron Inc. had its "outperform" rating reiterated by analysts at RBC Capital. The rating was downgraded by Bank of America on Friday, July 21 to "Underperform".

On September 11 the company was upgraded from "Hold" to "Buy" in a report issued by Drexel Hamilton. Credit Suisse Group AG reissued a buy rating and issued a $50.00 price target on shares of Textron in a research note on Tuesday, April 11th.

Based on the lastest quarterly filings, institutions continue to be large stakeholders in Textron Inc. (NYSE:TXT) to release earnings on October, 19. Short shares decreased 51,202 over that timeframe. Parkside Financial Bank & Trust increased its holdings in shares of Textron by 0.8% in the second quarter. Shareholders of record on Friday, September 15th were given a $0.02 dividend. Its down 0.11, from 0.95 in 2017Q1.

These funds have shifted positions in (TXT). 214.62 million shares or 2.70% less from 220.58 million shares in 2017Q1 were reported. (NYSE:TXT). Oakbrook Investments Limited Liability holds 22,400 shares. Lmr Prns Llp owns 19,215 shares or 0.06% of their United States portfolio. Mrj owns 2.12% invested in Textron Inc. Scopus Asset Mgmt LP holds 200,000 shares or 0.1% of its portfolio. Sg Mgmt Limited Liability Co invested 0.1% of its portfolio in Textron Inc. (NYSE:TXT) to report earnings on October, 19. During the same quarter in the prior year, the company posted $0.55 EPS. Chevy Chase Trust invested in 230,614 shares or 0.05% of the stock. Assetmark, California-based fund reported 18 shares. Textron has a one year low of $34.00 and a one year high of $50.93.

Textron (NYSE:TXT) last released its earnings results on Wednesday, July 19th.

Capital Growth Management Lp decreased Cyrusone Inc (CONE) stake by 24.43% reported in 2017Q2 SEC filing. Fishman Jay A Ltd Mi reported 41,452 shares.

The stock of Textron Inc. Textron Inc. (NYSE:TXT) has risen 23.87% since October 8, 2016 and is uptrending. The ex-dividend date of this dividend was Thursday, September 14th. Textron had a net margin of 6.45% and a return on equity of 11.97%. 51 funds opened positions while 236 raised stakes. State Treasurer State Of Michigan holds 84,504 shares or 0.02% of its portfolio. Huntington Retail Bank reported 0% stake. (NASDAQ:CPRT) or 31,593 shares. Highbridge Capital Management LLC now owns 5,308 shares of the aerospace company's stock valued at $253,000 after purchasing an additional 15,308 shares during the period. (NASDAQ:CPRT). 505,031 are owned by Retirement Systems Of Alabama. Geode Cap Mgmt Ltd Company accumulated 1.68M shares. (NASDAQ:CPRT) for 77,959 shares. Bennicas & Assoc invested in 45,250 shares or 1.29% of the stock.

More news for Textron Inc. The firm's quarterly revenue was up 2.6% on a year-over-year basis.

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