Rockwell Collins, Inc. (COL) Upgraded by ValuEngine to “Buy”
ValuEngine upgraded shares of Rockwell Collins, Inc. (NYSE:COL) from a hold rating to a buy rating in a report issued on Friday.
COL has been the subject of a number of other reports. Vetr raised Rockwell Collins from a hold rating to a strong-buy rating and set a $166.10 price objective for the company in a research report on Monday, August 21st. Canaccord Genuity raised Rockwell Collins from a hold rating to a buy rating and raised their price target for the company from $108.00 to $125.00 in a report on Tuesday, August 1st. Morgan Stanley set a $135.00 price target on Rockwell Collins and gave the company a buy rating in a report on Thursday, August 17th. Citigroup Inc. raised their price target on Rockwell Collins from $93.00 to $140.00 and gave the company a neutral rating in a report on Tuesday, August 15th. Finally, Credit Suisse Group reissued a neutral rating on shares of Rockwell Collins in a report on Friday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $119.62.
Rockwell Collins (NYSE:COL) opened at 130.61 on Friday. The firm has a market capitalization of $21.22 billion, a P/E ratio of 25.92 and a beta of 0.75. Rockwell Collins has a one year low of $78.54 and a one year high of $135.31. The firm has a 50-day moving average price of $119.83 and a 200-day moving average price of $106.33.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.06. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the firm earned $1.63 EPS. The firm’s revenue for the quarter was up 57.0% on a year-over-year basis. Equities analysts anticipate that Rockwell Collins will post $6.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 14th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.32 annualized dividend and a yield of 1.01%. Rockwell Collins’s dividend payout ratio is presently 26.04%.
Rockwell Collins declared that its board has authorized a stock repurchase program on Friday, July 7th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the aerospace company to reacquire up to 1.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Institutional investors have recently added to or reduced their stakes in the business. Artemis Investment Management LLP purchased a new position in Rockwell Collins during the second quarter worth $7,472,000. Rosenblum Silverman Sutton S F Inc. CA purchased a new position in Rockwell Collins during the second quarter worth $4,120,000. Capital Analysts LLC purchased a new position in Rockwell Collins during the second quarter worth $2,183,000. Toronto Dominion Bank increased its position in Rockwell Collins by 53.5% during the first quarter. Toronto Dominion Bank now owns 36,902 shares of the aerospace company’s stock worth $3,585,000 after buying an additional 12,858 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Rockwell Collins by 4.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 408,655 shares of the aerospace company’s stock worth $39,705,000 after buying an additional 15,531 shares in the last quarter. 77.86% of the stock is owned by institutional investors.
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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