SELECT * FROM future.stocks WHERE name like '%textron%' LIMIT 1; How To Buy Textron Stock ? - Grow Your Financial Portfolio

How To Buy Textron Stock

You can buy Textron shares with one of the brokers below depending on the type of trading you wish to conduct. You can buy Textron shares with a broker like eToro or you can trade Textron CFDs with XTB you can begin trading Textron shares right away.

If you are buying shares in UK or Europe eToro offer 0% free commission on stocks. This is a big eToro selling point.

when a client buys Textron stock at 1x leverage with eToro its completely free and they are buying the underlying stock. Also with eToro, clients can buy fractional shares – Min deposit is $200, but $50 is the minimum trade on stocks. eToro are one of the cheapest places to buy stocks.

Broker XTB FP Markets City Index Trading212 Plus500 FXPrimus
Rating
Used By 250,000+ 10,000+ 14,000+ 14,000,000+ 15,500+ 10,000+
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Scroll down to read our indepth article on How To Buy Textron Stock. What you should know, Types of trading Textron Stock and CFD's. Pros and Cons, everything is explained below.

Textron Financial Details

Financial Details

Textron Stock symbol TXT
Textron Sector and Industry Industrials Aerospace & Defense
Textron Exchange NYSE - New York Stock Exchange
52 Week High $58
52 Week Low $42.3
Textron Market Capitalisation $10,639,338,569.00
Textron Average Volume 1,627,101.00
Textron PE 13.35
Textron EPS 3.5
Stock Currency USD

Overview of Textron

Textron is an American Industrials Aerospace & Defense company currently traded on the NYSE which fully known as the New York Stock Exchange.

Textron trades under the stock symbol TXT on the NYSE.

Textron shares are exchanged in USD on the NYSE.

Textron has a current share price of $46.61 USD dated 31/01/2020.

The highest Textron share price over the last 52 weeks was $58 USD and its lowest price over the last 52 weeks was $42.3 USD. That is a 52 week price range of $42.3 - $58.

Textron Trading Volume and PE

Textron currently has 228,263,000.00 active shares in circulation traded through the NYSE exchange.

Textron market capitalization is $10,639,338,569.00 with an average daily trading volume of 1,627,101.00 shares.

Trading volume is the amount a security that was traded during over a certain duration. When talking about shares volume refers to the number of shares that have been bought and sold during a given day.

Textron has a Price Earning Ratio ( PE ) of 13.35 and earning per share ( EPS ) of 3.5. Generally speaking Textron having a high P/E ratio means that Textron investors forsee increased growth with Textron in the future. The current average market P/E ratio is roughly 20 to 25 times earnings. Companies that are losing money do not have a P/E ratio.

Textron earnings per share is Disney company profit that's allocated to every Textron common stock. Earnings per share is calculated by taking the difference between Textron's net earnings and dividends paid for preferred stock and then dividing that amount by the average amount of Textron shares outstanding.

Textron Financial Charts

Financial Details

Textron Information

Textron Location & Contact Information

Address 40 Westminster Street Providence, RI 02903 United States
Phone Number 1-401-421-2800
Website URL www.textron.com

Textron Executives and Board Members

Chairman/President/CEO Scott C Donnelly
Exec VP/CFO Frank T Connor
Exec VP/Chief Compliance Ofcr/Secy E Robert Lupone
Textron Board Member Scott C Donnelly
Textron Board Member Kathleen M Bader
Textron Board Member James L Ziemer

How To Buy Textron Stock Guide

Buying Textron Stocks and CFDs

When investing in Textron you have several options as to what type of investment you wish to conduct. You can buy traditional Textron shares with one of our listed brokers or you can trade what is known as CFDs or contracts for difference.

We explain in detail the difference between buying Textron shares with stock brokers and trading Textron with CFDs below.

Textron CFD Trading vs Traditional Share Dealing

CFD trading is quite much like stock trading except when you exchange a CFD you do not actually own any Textron stock.

If you buy Textron shares with a stock broker you actually own a share of Textron. When you trade a contract for difference (CFD) you have an agreement with your CFD broker and are speculating that the Textron price will change up or down.

Lets explain why you would buy Textron as a CFD instead of as a share.

If you went and brought 100 Textron shares at $100 a share with a stock broker you own $1000 of Textron.

The main difference when trading Textron as a CFD and buying Textron as a share is contracts for difference offer increased leverage.

Contracts for difference are traded on margin which means to have $1000 invested in Textron you would not need to invest the full amount as you would with a stock broker. You could invest a fraction of the amount ( known as the CFD margin ) with a CFD to hold a similar position in Textron. Trading an Textron CFD allows investors to hold larger positions than their invested amount. Be aware that although investing in an Textron CFD like this amplifies any potential profit. It always exaggerates your potential losses which may exceed your amount invested.

If you invested in an Textron share with a stock broker you would only lose the amount you invested as you pay the total cost of your position to your broker upfront. There is no leverage.

An Textron CFD long would be hoping to profit from a rise in the Textron share price. An Textron CFD short would be aiming to profit from a fall in the Textron stock price. Trading CFDs allows traders to profit from both directions of the Textron price on the financial exchange. Giving traders greater chance to move with the financial markets.

With traditional Textron shares you can only profit from a rise in the Textron stock price.

Textron CFD and Stock Market Times

When trading in traditional Textron shares you are limited to when the stock exchange is open. You can only buy and sell with your broker when the market is open.

With CFD trading you can deal 24/7 around the clock.

Buying Textron Shares with a Broker

Buying shares with a stock broker limits your risk to your initial investment as stock brokers require you to pay for the total amount of your investment. Stock brokers offer no leverage or loans when buying Textron stock. This limits your risk to your initial amount invested in Textron. You can only lose the amount invested with traditional Textron shares. Another benefit of buying Textron shares with a broker is that you may be eligible to receive Textron company dividends if applicable.

If you Invest in Textron via a CFD you have no shareholder privileges as you don't actually own any underlying assets in Textron. If you buy Textron stock with a broker you may receive shareholder perks and benefits. There are certain requirements to be eligible for some of these Textron benefits as in owning a certain amount of stock for a set period.

If you own shares in Textron you may be eligible to voting rights at Textron shareholder general meetings.

Textron Shares and CFDs and Tax

You should confirm with your local tax office but CFDs are free from stamp duty. When trading CFDs losses can be offset against profits when submitting your tax return.

Investment in Textron Stocks and shares are only exempt from tax if the Textron shares were brought through an ISA ( Individual Savings Accounts ) or SIPP ( Self Invested Personal Pensions ).

Should I trade Textron Stocks and Shares or Textron CFDs?

There are pros and cons to trading in both Textron Stocks and CFDs. Which is better depends on each investor and a few factors.

Investing in Textron stocks and shares is better suited for long term investments. Historically Textron shares provide better returns over the long term, usually a 10 year period.

Textron CFD trading is more suited to intra day and mid term traders. Wth intra day trading on an Textron share investors aim to profit on the fluctuating highs and lows of the Textron price throughout the day. Day trading as you can imagine focuses on profiting from the daily Textron stock price change.

Both types of trading have different benefits and risks. Make sure you have a good understanding of what you are doing before you invest.

With CFD trading as you can short or long an Textron stock you can hedge a trade against another trade.

A hedge is an investment that protects the money you have invested from risk. Traders hedge to minimize or offset a loss in value of an Textron share price for example to a known amount.

Example Cost of Buying Textron as a CFD Trade and Shares Side by Side

*All values below are estimates and are for illustrative purposes only. Please visit a broker for correct prices.

CFD and Share deals differ from broker to broker so check you are aware of the actual costs with your brokers.

Textron CFD trade example Textron Share deal example
Market price $46.61 $46.61
Broker Deal Invest $9.322 at 1:5 Margin (20%) Buy at $46.61 a share
Deal size 100 shares 100 shares
Initial outlay

$932.2

(Margin = exposure x 20% margin factor)

$4661

(100 shares at $46.61)
Stamp duty No £20
Close price Sell at $55.932 Sell at $55.932
Estimated Profit

(9.322 point increase x 100 shares = $932.2)

*Not including commission fees and taxes

($5593.2 - $4661 = $932.2)

*Not including commission fees and taxes
Trade Textron CFDs now with XTB Trade Textron Shares now with Etoro

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Textron shares and CFDs.

We compare multiple aspects of brokers to help you make a more education decision when investing in Textron.