Textron Inc. (TXT) Forms $58.28 Double Top; Kenmare Capital Partners Has Cut Its Baidu (BIDU) Position

Baidu, Inc. (NASDAQ:BIDU) Logo

Textron Inc. (TXT) formed double top with $61.78 target or 6.00% above today’s $58.28 share price. Textron Inc. (TXT) has $15.11B valuation. The stock increased 0.17% or $0.1 during the last trading session, reaching $58.28. About 2.63 million shares traded or 61.49% up from the average. Textron Inc. (NYSE:TXT) has risen 23.92% since April 5, 2017 and is uptrending. It has outperformed by 12.37% the S&P500.

Kenmare Capital Partners Llc decreased Baidu Inc (BIDU) stake by 29.1% reported in 2017Q4 SEC filing. Kenmare Capital Partners Llc sold 11,699 shares as Baidu Inc (BIDU)’s stock declined 3.38%. The Kenmare Capital Partners Llc holds 28,500 shares with $6.68M value, down from 40,199 last quarter. Baidu Inc now has $78.09 billion valuation. The stock increased 1.95% or $4.28 during the last trading session, reaching $224.3. About 4.10 million shares traded or 32.65% up from the average. Baidu, Inc. (NASDAQ:BIDU) has risen 36.72% since April 5, 2017 and is uptrending. It has outperformed by 25.17% the S&P500.

Analysts await Textron Inc. (NYSE:TXT) to report earnings on April, 18. They expect $0.51 EPS, up 10.87% or $0.05 from last year’s $0.46 per share. TXT’s profit will be $132.26 million for 28.57 P/E if the $0.51 EPS becomes a reality. After $0.74 actual EPS reported by Textron Inc. for the previous quarter, Wall Street now forecasts -31.08% negative EPS growth.

Among 14 analysts covering Textron (NYSE:TXT), 10 have Buy rating, 1 Sell and 3 Hold. Therefore 71% are positive. Textron had 37 analyst reports since September 2, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Sunday, February 4 report. RBC Capital Markets maintained Textron Inc. (NYSE:TXT) rating on Thursday, January 28. RBC Capital Markets has “Outperform” rating and $47 target. The company was downgraded on Thursday, January 28 by Drexel Hamilton. Citigroup upgraded it to “Buy” rating and $50 target in Wednesday, September 2 report. The rating was maintained by Cowen & Co on Wednesday, October 11 with “Buy”. On Thursday, October 19 the stock rating was maintained by Jefferies with “Buy”. The stock has “Buy” rating by Credit Suisse on Thursday, May 25. The firm has “Overweight” rating by JP Morgan given on Wednesday, December 16. Morgan Stanley maintained Textron Inc. (NYSE:TXT) on Thursday, August 17 with “Underweight” rating. Jefferies maintained Textron Inc. (NYSE:TXT) rating on Monday, July 24. Jefferies has “Buy” rating and $6000 target.

Investors sentiment increased to 1.2 in Q4 2017. Its up 0.05, from 1.15 in 2017Q3. It is positive, as 25 investors sold Textron Inc. shares while 117 reduced holdings. 41 funds opened positions while 129 raised stakes. 215.83 million shares or 0.61% more from 214.52 million shares in 2017Q3 were reported. Cim Mangement Inc, Pennsylvania-based fund reported 15,650 shares. Wells Fargo & Mn holds 0.02% of its portfolio in Textron Inc. (NYSE:TXT) for 1.01M shares. Ibm Retirement Fund stated it has 4,023 shares. Aviva Public Ltd Co, United Kingdom-based fund reported 4,870 shares. Moreover, Millennium Mgmt Limited Liability Co has 0.07% invested in Textron Inc. (NYSE:TXT). Bessemer Gru Inc has 0% invested in Textron Inc. (NYSE:TXT). Walleye Trading Limited Co reported 25,792 shares. 155 are held by Valley Natl Advisers. Channing Capital Ltd Liability holds 0.53% or 277,152 shares in its portfolio. Jane Street Gru Ltd Liability holds 37,603 shares. Strs Ohio, a Ohio-based fund reported 163,766 shares. Parallax Volatility Advisers Lp reported 0% in Textron Inc. (NYSE:TXT). Cullen Frost Bankers holds 0.02% or 10,107 shares in its portfolio. Intrust Bankshares Na stated it has 6,919 shares or 0.12% of all its holdings. Webster National Bank & Trust N A holds 4,573 shares or 0.04% of its portfolio.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 10 have Buy rating, 3 Sell and 11 Hold. Therefore 42% are positive. Baidu had 62 analyst reports since July 28, 2015 according to SRatingsIntel. As per Tuesday, July 28, the company rating was downgraded by Credit Agricole. The stock has “Neutral” rating by JP Morgan on Monday, October 30. Credit Suisse initiated Baidu, Inc. (NASDAQ:BIDU) on Wednesday, July 20 with “Outperform” rating. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Neutral” rating by Credit Suisse on Friday, October 28. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Buy” rating by Jefferies on Monday, April 25. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Neutral” rating by Macquarie Research on Friday, October 28. As per Wednesday, October 7, the company rating was downgraded by Daiwa Securities. Bernstein maintained Baidu, Inc. (NASDAQ:BIDU) rating on Friday, July 14. Bernstein has “Sell” rating and $15200 target. Oppenheimer maintained the stock with “Outperform” rating in Monday, August 3 report. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Neutral” rating given on Monday, June 13 by Citigroup.

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on April, 26. They expect $1.33 EPS, up 101.52% or $0.67 from last year’s $0.66 per share. BIDU’s profit will be $463.06 million for 42.16 P/E if the $1.33 EPS becomes a reality. After $1.90 actual EPS reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -30.00% negative EPS growth.

Textron Inc. (NYSE:TXT) Institutional Positions Chart