BidaskClub cut shares of Rockwell Collins, Inc. (NYSE:COL) from a buy rating to a hold rating in a research note released on Tuesday, July 25th.
Several other research firms also recently commented on COL. Credit Suisse Group reiterated a buy rating and issued a $120.00 target price on shares of Rockwell Collins in a research report on Friday, March 31st. Jefferies Group LLC reiterated a hold rating and issued a $108.00 target price on shares of Rockwell Collins in a research report on Tuesday, July 25th. Vertical Research increased their price target on Rockwell Collins from $100.00 to $110.00 and gave the company a hold rating in a research note on Monday, April 24th. Sanford C. Bernstein initiated coverage on Rockwell Collins in a research note on Thursday, May 25th. They issued an outperform rating and a $129.00 price target for the company. Finally, ValuEngine raised Rockwell Collins from a hold rating to a buy rating in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $113.79.
Shares of Rockwell Collins (NYSE COL) traded down 0.93% during midday trading on Tuesday, hitting $124.58. 2,253,717 shares of the stock were exchanged. Rockwell Collins has a one year low of $78.54 and a one year high of $128.43. The stock has a market cap of $20.24 billion, a P/E ratio of 24.72 and a beta of 0.78. The stock’s 50-day moving average price is $111.19 and its 200 day moving average price is $102.45.
Rockwell Collins (NYSE:COL) last released its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.06. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the company posted $1.63 EPS. The company’s revenue was up 57.0% compared to the same quarter last year. On average, analysts anticipate that Rockwell Collins will post $6.08 earnings per share for the current year.
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Rockwell Collins declared that its board has approved a stock buyback program on Friday, July 7th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the aerospace company to purchase up to 1.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 14th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Collins’s payout ratio is 26.04%.
In other Rockwell Collins news, VP Jeffrey A. Standerski sold 6,300 shares of Rockwell Collins stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $108.44, for a total transaction of $683,172.00. Following the completion of the sale, the vice president now owns 10,519 shares of the company’s stock, valued at $1,140,680.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have purchased 18,000 shares of company stock valued at $1,480. 1.50% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Rockwell Collins by 27.0% in the second quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock worth $1,683,340,000 after buying an additional 3,410,680 shares during the period. BlackRock Inc. raised its stake in Rockwell Collins by 27.9% in the second quarter. BlackRock Inc. now owns 11,315,505 shares of the aerospace company’s stock worth $1,189,034,000 after buying an additional 2,466,370 shares during the period. State Street Corp raised its stake in Rockwell Collins by 1.6% in the first quarter. State Street Corp now owns 5,858,531 shares of the aerospace company’s stock worth $569,219,000 after buying an additional 90,699 shares during the period. FMR LLC raised its stake in Rockwell Collins by 25.4% in the second quarter. FMR LLC now owns 4,238,235 shares of the aerospace company’s stock worth $445,354,000 after buying an additional 857,884 shares during the period. Finally, Clearbridge Investments LLC raised its stake in Rockwell Collins by 10.5% in the first quarter. Clearbridge Investments LLC now owns 3,362,286 shares of the aerospace company’s stock worth $326,680,000 after buying an additional 319,567 shares during the period. 66.74% of the stock is owned by institutional investors.
About Rockwell Collins
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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