Rockwell Collins Inc. (COL) Downgraded to “Sell” at Zacks Investment Research
Rockwell Collins Inc. (NYSE:COL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
According to Zacks, “Rockwell Collins derives a major portion of its revenues from outside the U.S., which exposes it to the risk of currency fluctuations, and economic and political turmoil. A highly competitive market and high exposure to fixed-price contracts also may hurt its performance, going forward. Reflecting investor sentiments, estimates have been moving downward in the last 60 days. However, Rockwell Collins’ stable financial position, focus on research & development and systematic investments in inorganic growth programs should enable it to achieve its target for fiscal 2016. A diversified portfolio, comprising both commercial and government customers, protects it from the risk of reduced orders from either customer class.”
Several other equities research analysts have also recently commented on COL. Canaccord Genuity cut 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 note on Tuesday, July 26th. Jefferies Group restated a “hold” rating and issued a $92.00 target price on shares of Rockwell Collins in a research note on Wednesday, August 10th. Argus cut Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Finally, Morgan Stanley began coverage on Rockwell Collins in a research note on Thursday, June 23rd. They issued an “equal weight” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Rockwell Collins currently has a consensus rating of “Hold” and an average target price of $91.00.
Shares of Rockwell Collins (NYSE:COL) traded down 0.06% during midday trading on Tuesday, hitting $83.72. 267,965 shares of the stock traded hands. Rockwell Collins has a 12-month low of $76.03 and a 12-month high of $95.11. The firm’s 50 day moving average price is $83.94 and its 200 day moving average price is $87.08. The company has a market capitalization of $10.88 billion, a PE ratio of 15.77 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last released its earnings results on Monday, July 25th. The company reported $1.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Rockwell Collins had a return on equity of 37.06% and a net margin of 13.54%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS. Analysts expect that Rockwell Collins will post $5.50 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 15th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Thursday, August 11th. Rockwell Collins’s dividend payout ratio (DPR) is presently 24.81%.
In other Rockwell Collins news, VP Bruce Michael King sold 3,174 shares of the company’s stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $85.48, for a total value of $271,313.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Robert Kelly Ortberg sold 25,474 shares of the company’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $84.97, for a total value of $2,164,525.78. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. NN Investment Partners Holdings N.V. purchased a new position in shares of Rockwell Collins during the first quarter worth approximately $57,863,000. Hutchinson Capital Management CA raised its position in shares of Rockwell Collins by 4.5% in the first quarter. Hutchinson Capital Management CA now owns 20,519 shares of the company’s stock worth $1,892,000 after buying an additional 875 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Rockwell Collins by 2.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 7,960 shares of the company’s stock worth $734,000 after buying an additional 163 shares in the last quarter. Sentry Investment Management LLC raised its position in shares of Rockwell Collins by 3.8% in the first quarter. Sentry Investment Management LLC now owns 10,046 shares of the company’s stock worth $926,000 after buying an additional 368 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Rockwell Collins by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,372,003 shares of the company’s stock worth $310,932,000 after buying an additional 28,297 shares in the last quarter. 76.45% of the stock is currently owned by hedge funds and other institutional investors.
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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