Rockwell Collins, Inc. (COL) Upgraded by Vertical Research to “Buy”
Vertical Research upgraded shares of Rockwell Collins, Inc. (NYSE:COL) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. They currently have $143.00 target price on the aerospace company’s stock, up from their prior target price of $130.00.
Other equities analysts also recently issued reports about the stock. Jefferies Group LLC set a $108.00 price target on shares of Rockwell Collins and gave the stock a hold rating in a research note on Monday, May 22nd. Bank of America Corporation decreased their price target on shares of Rockwell Collins from $115.00 to $95.00 and set a neutral rating for the company in a research note on Friday, June 9th. BidaskClub raised shares of Rockwell Collins from a hold rating to a buy rating in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Rockwell Collins from a hold rating to a buy rating and set a $121.00 price target for the company in a research note on Wednesday, July 12th. Finally, Cowen and Company raised their target price on shares of Rockwell Collins from $112.00 to $115.00 and gave the company a buy rating in a research note on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $119.62.
Rockwell Collins (COL) opened at 129.09 on Tuesday. The firm has a 50-day moving average price of $116.76 and a 200-day moving average price of $104.93. The firm has a market capitalization of $20.97 billion, a PE ratio of 25.62 and a beta of 0.78. Rockwell Collins has a 1-year low of $78.54 and a 1-year high of $130.37.
Rockwell Collins (NYSE:COL) last released its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.06. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The company 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 firm earned $1.63 earnings per share. Rockwell Collins’s revenue was up 57.0% on a year-over-year basis. Equities analysts expect that Rockwell Collins will post $6.09 earnings per share for the current fiscal year.
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Rockwell Collins announced that its Board of Directors has initiated a stock buyback program on Friday, July 7th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the aerospace company to buy up to 1.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 14th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Collins’s dividend payout ratio is currently 26.04%.
In related news, VP Jeffrey A. Standerski sold 6,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $108.44, for a total value of $683,172.00. Following the sale, the vice president now owns 10,519 shares in the company, valued at $1,140,680.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 14,000 shares of company stock worth $1,120 in the last 90 days. 1.50% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of COL. NEXT Financial Group Inc boosted its stake in shares of Rockwell Collins by 35.7% in the second quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock valued at $100,000 after buying an additional 250 shares in the last quarter. Jacobi Capital Management LLC boosted its stake in shares of Rockwell Collins by 30.0% in the second quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock valued at $108,000 after buying an additional 231 shares in the last quarter. Highlander Capital Management LLC boosted its stake in shares of Rockwell Collins by 106.0% in the second quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock valued at $108,000 after buying an additional 527 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of Rockwell Collins by 30.1% in the first quarter. Whittier Trust Co. now owns 1,106 shares of the aerospace company’s stock valued at $108,000 after buying an additional 256 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in shares of Rockwell Collins by 31.1% in the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock valued at $114,000 after buying an additional 278 shares in the last quarter. Institutional investors own 67.81% of the company’s stock.
Rockwell Collins Company Profile
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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