Rockwell Collins, Inc. (NYSE:COL)‘s stock had its “outperform” rating restated by stock analysts at Barclays PLC in a research report issued to clients and investors on Friday, April 14th. They currently have a $59.00 target price on the aerospace company’s stock, down from their prior target price of $96.00. Barclays PLC’s target price points to a potential downside of 42.19% from the stock’s current price.
COL has been the subject of a number of other research reports. Zacks Investment Research raised shares of Rockwell Collins from a “sell” rating to a “hold” rating in a report on Friday, December 16th. Credit Suisse Group AG raised shares of Rockwell Collins from a “neutral” rating to an “outperform” rating and raised their price target for the company from $92.00 to $120.00 in a report on Monday, March 20th. Canaccord Genuity raised their price target on shares of Rockwell Collins from $88.00 to $90.00 and gave the company a “hold” rating in a report on Monday, January 23rd. Seaport Global Securities raised shares of Rockwell Collins from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Monday, January 23rd. Finally, SunTrust Banks, Inc. initiated coverage on shares of Rockwell Collins in a report on Thursday, January 19th. They issued a “hold” rating and a $101.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. Rockwell Collins presently has a consensus rating of “Buy” and a consensus target price of $107.93.
Shares of Rockwell Collins (NYSE:COL) traded up 0.59% on Friday, hitting $102.65. The company’s stock had a trading volume of 882,120 shares. Rockwell Collins has a 52 week low of $78.54 and a 52 week high of $107.57. The stock has a market capitalization of $16.67 billion, a P/E ratio of 18.42 and a beta of 0.79. The stock’s 50 day moving average price is $101.55 and its 200 day moving average price is $94.79.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings results on Friday, April 21st. The aerospace company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.03. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Rockwell Collins had a net margin of 13.97% and a return on equity of 35.84%. Rockwell Collins’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.30 earnings per share. On average, analysts forecast that Rockwell Collins will post $6.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 5th. Investors of record on Monday, May 15th will be given a $0.33 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $1.32 annualized dividend and a yield of 1.29%. Rockwell Collins’s dividend payout ratio is currently 23.57%.
In related news, CEO Robert Kelly Ortberg sold 18,850 shares of the business’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of $98.84, for a total value of $1,863,134.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Philip J. Jasper sold 7,311 shares of the business’s stock in a transaction on Friday, March 24th. The shares were sold at an average price of $97.21, for a total transaction of $710,702.31. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 32,000 shares of company stock worth $2,820 and sold 70,336 shares worth $6,990,703. Insiders own 1.50% of the company’s stock.
A number of large investors have recently modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Rockwell Collins by 552.5% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,181 shares of the aerospace company’s stock valued at $100,000 after buying an additional 1,000 shares during the period. Whittier Trust Co. raised its position in Rockwell Collins by 30.1% in the first quarter. Whittier Trust Co. now owns 1,106 shares of the aerospace company’s stock valued at $108,000 after buying an additional 256 shares in the last quarter. Global X Management Co. LLC raised its position in Rockwell Collins by 31.1% in the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock valued at $114,000 after buying an additional 278 shares in the last quarter. Harfst & Associates Inc. purchased a new position in Rockwell Collins during the first quarter valued at $114,000. Finally, CWM LLC raised its position in Rockwell Collins by 71.5% in the first quarter. CWM LLC now owns 1,211 shares of the aerospace company’s stock valued at $118,000 after buying an additional 505 shares in the last quarter. 78.40% of the stock is currently owned by hedge funds and other institutional investors.
Rockwell Collins Company Profile
Rockwell Collins, Inc designs, produces and supports communications and aviation systems for commercial and military customers. The Company provides information management services through voice and data communication networks and solutions across the world. The Company operates through three segments: Commercial Systems, Government Systems and Information Management Services.
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