Buckingham Research reiterated their buy rating on shares of Rockwell Collins Inc. (NYSE:COL) in a report published on Wednesday. Buckingham Research currently has a $97.00 price target on the stock, down from their prior price target of $101.00.
COL has been the subject of a number of other reports. Jefferies Group reaffirmed a hold rating on shares of Rockwell Collins in a research note on Tuesday, July 5th. Zacks Investment Research raised shares of Rockwell Collins from a sell rating to a hold rating in a research note on Tuesday, July 26th. Argus lowered shares of Rockwell Collins from a buy rating to a hold rating in a research note on Friday, August 26th. Morgan Stanley began coverage on shares of Rockwell Collins in a research note on Thursday, June 23rd. They issued an equal weight rating for the company. Finally, Canaccord Genuity lowered shares of Rockwell Collins from a buy rating to a hold rating and reduced their target price for the stock from $100.00 to $94.00 in a research note on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $91.42.
Shares of Rockwell Collins (NYSE:COL) traded down 0.20% during midday trading on Wednesday, hitting $83.47. The stock had a trading volume of 159,716 shares. The firm has a market capitalization of $10.85 billion, a PE ratio of 15.73 and a beta of 0.73. Rockwell Collins has a 1-year low of $76.03 and a 1-year high of $95.11. The company’s 50 day moving average price is $83.88 and its 200-day moving average price is $87.00.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.04. Rockwell Collins had a net margin of 13.54% and a return on equity of 37.06%. The company earned $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the business earned $1.33 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. Equities analysts predict that Rockwell Collins will post $5.50 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 15th were paid a $0.33 dividend. The ex-dividend date was Thursday, August 11th. This represents a $1.32 dividend on an annualized basis and a yield of 1.58%. Rockwell Collins’s dividend payout ratio (DPR) is currently 24.81%.
In related news, CEO Robert Kelly Ortberg sold 25,474 shares of the company’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $84.97, for a total value of $2,164,525.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Bruce Michael King sold 3,174 shares of the company’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $85.48, for a total transaction of $271,313.52. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Rockwell Collins by 2.2% in the second quarter. Vanguard Group Inc. now owns 11,490,805 shares of the company’s stock worth $978,328,000 after buying an additional 241,884 shares during the period. State Street Corp raised its position in shares of Rockwell Collins by 0.8% in the first quarter. State Street Corp now owns 5,287,000 shares of the company’s stock worth $487,515,000 after buying an additional 40,484 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Rockwell Collins by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,372,003 shares of the company’s stock worth $310,932,000 after buying an additional 28,297 shares during the period. BlackRock Fund Advisors raised its position in shares of Rockwell Collins by 4.9% in the second quarter. BlackRock Fund Advisors now owns 2,512,345 shares of the company’s stock worth $213,901,000 after buying an additional 118,282 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Rockwell Collins by 31.3% in the second quarter. Alliancebernstein L.P. now owns 2,410,080 shares of the company’s stock worth $205,194,000 after buying an additional 573,991 shares during the period. Institutional investors and hedge funds own 76.45% of the company’s stock.
About Rockwell Collins
Rockwell Collins, Inc is engaged in design, production and support of communications and aviation electronics for commercial and military customers around the world. The Company’s products and systems are focused on aviation applications. It operates in two segments: Government Systems and Commercial Systems.
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