Rockwell Collins, Inc. (NYSE:COL) announced a quarterly dividend on Tuesday, October 31st, RTT News reports. Investors of record on Monday, November 13th will be paid a dividend of 0.33 per share by the aerospace company on Monday, December 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.97%.
Rockwell Collins has increased its dividend by an average of 3.2% annually over the last three years and has increased its dividend every year for the last 2 years. Rockwell Collins has a payout ratio of 21.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Rockwell Collins to earn $8.11 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 16.3%.
Shares of Rockwell Collins (COL) opened at 135.51 on Wednesday. Rockwell Collins has a one year low of $81.11 and a one year high of $135.97. The company’s 50 day moving average is $132.82 and its 200-day moving average is $116.88. The firm has a market capitalization of $22.02 billion, a price-to-earnings ratio of 26.89 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.80. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The company’s quarterly revenue was up 51.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 EPS. Equities analysts expect that Rockwell Collins will post $7.09 EPS for the current year.
In other news, Director Harlan Donnley Meade bought 1,666,667 shares of the stock in a transaction dated Friday, September 15th. The stock was bought at an average price of $0.06 per share, for a total transaction of $100,000.02. Corporate insiders own 1.50% of the company’s stock.
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COL has been the topic of several research analyst reports. Vetr raised shares of Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 target price on the stock in a research note on Monday, August 21st. Canaccord Genuity raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and increased their target price for the stock from $108.00 to $125.00 in a research note on Tuesday, August 1st. Morgan Stanley set a $135.00 target price on shares of Rockwell Collins and gave the stock a “buy” rating in a research note on Thursday, August 17th. Citigroup Inc. increased their target price on shares of Rockwell Collins from $93.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Rockwell Collins in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $127.79.
Rockwell Collins declared that its Board of Directors has initiated a stock buyback program on Friday, July 7th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the aerospace company to purchase up to 1.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
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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