Rockwell Collins Inc. (COL) Given “Buy” Rating at Buckingham Research
Buckingham Research restated their buy rating on shares of Rockwell Collins Inc. (NYSE:COL) in a report published on Wednesday morning. They currently have a $97.00 price target on the stock, down from their prior price target of $101.00.
Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Rockwell Collins from a sell rating to a hold rating in a research report on Tuesday, July 26th. Canaccord Genuity cut Rockwell Collins from a buy rating to a hold rating and dropped their price target for the stock from $100.00 to $94.00 in a research report on Tuesday, July 26th. Jefferies Group reiterated a hold rating and set a $92.00 price target (down from $96.00) on shares of Rockwell Collins in a research report on Wednesday, July 27th. Morgan Stanley started coverage on Rockwell Collins in a report on Thursday, June 23rd. They issued an equal weight rating for the company. Finally, Argus lowered Rockwell Collins from a buy rating to a hold rating in a report on Friday, August 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Rockwell Collins currently has a consensus rating of Hold and a consensus price target of $91.42.
Rockwell Collins (NYSE:COL) traded down 0.20% during trading on Wednesday, hitting $83.47. The stock had a trading volume of 159,716 shares. Rockwell Collins has a 1-year low of $76.03 and a 1-year high of $95.11. The stock has a market cap of $10.85 billion, a PE ratio of 15.73 and a beta of 0.73. The firm’s 50-day moving average price is $83.88 and its 200-day moving average price is $87.00.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. The business 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 EPS. On average, equities research analysts predict that Rockwell Collins will post $5.50 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 15th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.32 annualized dividend and a yield of 1.58%. Rockwell Collins’s dividend payout ratio (DPR) is currently 24.81%.
In other news, CEO Robert Kelly Ortberg sold 25,474 shares of the firm’s 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Bruce Michael King sold 3,174 shares of the firm’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $85.48, for a total value of $271,313.52. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Several large investors have recently modified their holdings of COL. Van ECK Associates Corp increased its stake in shares of Rockwell Collins by 31.8% in the second quarter. Van ECK Associates Corp now owns 1,340 shares of the company’s stock valued at $114,000 after buying an additional 323 shares in the last quarter. Cantab Capital Partners LLP increased its stake in shares of Rockwell Collins by 1,109.2% in the second quarter. Cantab Capital Partners LLP now owns 1,451 shares of the company’s stock valued at $124,000 after buying an additional 1,331 shares in the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in shares of Rockwell Collins by 64.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,595 shares of the company’s stock valued at $136,000 after buying an additional 623 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Rockwell Collins by 0.9% in the first quarter. Stratos Wealth Partners LTD. now owns 2,185 shares of the company’s stock valued at $202,000 after buying an additional 20 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in shares of Rockwell Collins during the second quarter valued at about $193,000. 76.45% of the stock is currently owned by 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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