A number of other analysts have also recently issued reports on the company. Zacks Investment Research cut Rockwell Collins from a hold rating to a sell rating in a research note on Tuesday, October 4th. Morgan Stanley started coverage on shares of Rockwell Collins in a research note on Thursday, June 23rd. They set an equal weight rating for the company. Jefferies Group reaffirmed a hold rating on shares of Rockwell Collins in a research note on Tuesday, July 5th. Buckingham Research reaffirmed a buy rating and set a $97.00 price target (down from $101.00) on shares of Rockwell Collins in a research note on Wednesday, October 5th. Finally, Argus cut shares of Rockwell Collins from a buy rating to a hold rating in a research note on Friday, August 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $91.42.
Rockwell Collins (NYSE:COL) last posted its earnings results on Monday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 earned $1.33 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the business earned $1.33 EPS. Rockwell Collins’s revenue for the quarter was up 2.9% compared to the same quarter last year.
In other Rockwell Collins news, VP Bruce Michael King sold 3,174 shares of the firm’s stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $85.48, for a total transaction of $271,313.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.30% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Van ECK Associates Corp increased 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 in the last quarter. Cantab Capital Partners LLP increased 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 in the last quarter. Mizuho Asset Management Co. Ltd. increased 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 in the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in Rockwell Collins during the second quarter worth $193,000. Finally, Stratos Wealth Partners LTD. increased 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 in the last quarter. 76.45% of the stock is owned by institutional investors and hedge funds.
About Rockwell Collins
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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