Zacks Investment Research Lowers Rockwell Collins (COL) to Hold

Rockwell Collins (NYSE:COL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Rockwell Collins continues to be the foremost global supplier of communications and avionics equipment for both commercial and military customers. A diversified portfolio, comprising commercial and government customers, cushions it from risks of reduced orders from either customer group. Moreover, United Technologies has recently agreed to take over Rockwell Collins, which comes as good news for the latter’s shareholders, who are set to enjoy more than 7% premium in terms of share price.The company outperformed its broader industry in past one year. However, the company derives a major portion of its revenues from overseas, which exposes it to the risk of currency fluctuations. The stronger U.S. dollar has actually negatively impacted the company’s sales. As the company operates in a highly competitive market, it has to keep upgrading its technology, or else it can lose out to competitors developing better products.”

A number of other brokerages have also recently issued reports on COL. Credit Suisse Group cut Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 target price on the stock. in a report on Wednesday, November 8th. Royal Bank of Canada set a $140.00 target price on Rockwell Collins and gave the stock a “hold” rating in a report on Sunday, November 12th. Canaccord Genuity reiterated a “hold” rating and set a $140.00 price target on shares of Rockwell Collins in a report on Friday, October 6th. Jefferies Group reiterated a “hold” rating and set a $115.00 price target on shares of Rockwell Collins in a report on Tuesday, October 3rd. Finally, ValuEngine downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $128.95.

Shares of Rockwell Collins (COL) traded up $0.23 during midday trading on Tuesday, hitting $136.89. The company had a trading volume of 1,191,300 shares, compared to its average volume of 1,196,040. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 1.10. The firm has a market cap of $22,510.00, a PE ratio of 28.64, a price-to-earnings-growth ratio of 1.64 and a beta of 0.72. Rockwell Collins has a twelve month low of $88.80 and a twelve month high of $137.47.

Rockwell Collins (NYSE:COL) last issued its earnings results on Friday, October 27th. The aerospace company reported $1.80 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.80. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The company’s quarterly revenue was up 51.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 EPS. sell-side analysts expect that Rockwell Collins will post 7.15 EPS for the current year.

In related news, CEO Robert Kelly Ortberg sold 395,110 shares of Rockwell Collins stock in a transaction on Monday, November 6th. The stock was sold at an average price of $135.35, for a total transaction of $53,478,138.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Douglas E. Stenske sold 3,287 shares of Rockwell Collins stock in a transaction on Monday, December 18th. The shares were sold at an average price of $135.00, for a total value of $443,745.00. Following the sale, the vice president now directly owns 8,776 shares of the company’s stock, valued at approximately $1,184,760. The disclosure for this sale can be found here. In the last three months, insiders have sold 571,812 shares of company stock valued at $77,350,247. Insiders own 1.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Simmons Bank lifted its position in shares of Rockwell Collins by 0.6% in the second quarter. Simmons Bank now owns 7,593 shares of the aerospace company’s stock worth $799,000 after buying an additional 43 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Rockwell Collins by 1.1% in the second quarter. Oppenheimer & Co. Inc. now owns 6,158 shares of the aerospace company’s stock worth $647,000 after buying an additional 67 shares during the last quarter. Sentry Investment Management LLC lifted its position in shares of Rockwell Collins by 1.1% in the second quarter. Sentry Investment Management LLC now owns 9,707 shares of the aerospace company’s stock worth $1,020,000 after buying an additional 104 shares during the last quarter. First Allied Advisory Services Inc. lifted its position in shares of Rockwell Collins by 6.0% in the second quarter. First Allied Advisory Services Inc. now owns 4,201 shares of the aerospace company’s stock worth $443,000 after buying an additional 236 shares during the last quarter. Finally, Bruderman Asset Management LLC lifted its position in shares of Rockwell Collins by 11.1% in the second quarter. Bruderman Asset Management LLC now owns 2,893 shares of the aerospace company’s stock worth $304,000 after buying an additional 289 shares during the last quarter. 72.18% of the stock is owned by hedge funds and other institutional investors.

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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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