Rockwell Collins Inc. (NYSE:COL)‘s stock had its “buy” rating reiterated by stock analysts at Buckingham Research in a research report issued on Wednesday. They currently have a $97.00 price target on the stock, down from their previous price target of $101.00. Buckingham Research’s price target would indicate a potential upside of 15.97% from the stock’s current price.
COL has been the topic of a number of other research reports. Argus downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Zacks Investment Research raised Rockwell Collins from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Monday, June 27th. Jefferies Group reissued a “hold” rating on shares of Rockwell Collins in a research report on Tuesday, July 5th. Morgan Stanley began coverage on Rockwell Collins in a research report on Thursday, June 23rd. They set an “equal weight” rating on the stock. Finally, Canaccord Genuity downgraded Rockwell Collins from a “buy” rating to a “hold” rating and cut their target price for the company from $100.00 to $94.00 in a research report on Tuesday, July 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Rockwell Collins presently has an average rating of “Hold” and a consensus target price of $91.55.
Shares of Rockwell Collins (NYSE:COL) traded down 0.12% during trading on Wednesday, reaching $83.64. The company’s stock had a trading volume of 618,085 shares. Rockwell Collins has a one year low of $76.03 and a one year high of $95.11. The company has a 50-day moving average price of $83.88 and a 200-day moving average price of $87.00. The stock has a market cap of $10.87 billion, a price-to-earnings ratio of 15.76 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last released its quarterly earnings data on Monday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.04. Rockwell Collins had a return on equity of 37.06% and a net margin of 13.54%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted $1.33 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts forecast that Rockwell Collins will post $5.50 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 15th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, August 11th. Rockwell Collins’s dividend payout ratio (DPR) is currently 24.81%.
In other Rockwell Collins news, CEO Robert Kelly Ortberg sold 25,474 shares of the stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $84.97, for a total value of $2,164,525.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Philip J. Jasper sold 2,184 shares of the stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $85.00, for a total value of $185,640.00. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in COL. Van ECK Associates Corp boosted its stake in Rockwell Collins by 31.8% in the second quarter. Van ECK Associates Corp now owns 1,340 shares of the company’s stock worth $114,000 after buying an additional 323 shares during the period. Cantab Capital Partners LLP boosted its stake in Rockwell Collins by 1,109.2% in the second quarter. Cantab Capital Partners LLP now owns 1,451 shares of the company’s stock worth $124,000 after buying an additional 1,331 shares during the period. Mizuho Asset Management Co. Ltd. boosted its stake in Rockwell Collins by 64.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,595 shares of the company’s stock worth $136,000 after buying an additional 623 shares during the period. Point72 Asia Hong Kong Ltd acquired a new stake in Rockwell Collins during the second quarter worth approximately $193,000. Finally, Stratos Wealth Partners LTD. boosted its stake in Rockwell Collins by 0.9% in the first quarter. Stratos Wealth Partners LTD. now owns 2,185 shares of the company’s stock worth $202,000 after buying an additional 20 shares during the period. Institutional investors own 76.45% of the company’s stock.
Rockwell Collins Company Profile
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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