Deutsche Bank AG Downgrades Rockwell Collins, Inc. (COL) to Hold
Deutsche Bank AG lowered shares of Rockwell Collins, Inc. (NYSE:COL) from a buy rating to a hold rating in a report published on Tuesday morning. The brokerage currently has $140.00 price target on the aerospace company’s stock.
A number of other research analysts also recently weighed in on COL. Vertical Research downgraded shares of Rockwell Collins from a buy rating to a hold rating and cut their price target for the company from $143.00 to $140.00 in a report on Tuesday. Buckingham Research reiterated a neutral rating on shares of Rockwell Collins in a report on Tuesday. Jefferies Group LLC restated a hold rating and set a $115.00 price objective on shares of Rockwell Collins in a report on Sunday, September 3rd. ValuEngine upgraded shares of Rockwell Collins from a hold rating to a buy rating in a report on Friday, September 1st. Finally, Credit Suisse Group restated a neutral rating on shares of Rockwell Collins in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Hold and an average target price of $120.91.
Rockwell Collins (NYSE COL) opened at 130.95 on Tuesday. The stock has a market cap of $21.28 billion, a price-to-earnings ratio of 25.99 and a beta of 0.75. Rockwell Collins has a 52 week low of $78.54 and a 52 week high of $135.31. The firm’s 50 day moving average price is $122.50 and its 200-day moving average price is $107.41.
Rockwell Collins (NYSE:COL) last issued its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.06. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The company’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS. Analysts expect that Rockwell Collins will post $6.09 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th were given a $0.33 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.32 dividend on an annualized basis and a yield of 1.01%. Rockwell Collins’s dividend payout ratio (DPR) is presently 26.04%.
Rockwell Collins declared that its board has approved a share buyback plan on Friday, July 7th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the aerospace company to purchase up to 1.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
A number of large investors have recently added to or reduced their stakes in COL. Waldron LP boosted its position in Rockwell Collins by 53.3% in the first quarter. Waldron LP now owns 3,825 shares of the aerospace company’s stock valued at $365,000 after buying an additional 1,330 shares in the last quarter. Glen Harbor Capital Management LLC boosted its position in Rockwell Collins by 5.6% in the first quarter. Glen Harbor Capital Management LLC now owns 3,718 shares of the aerospace company’s stock valued at $361,000 after buying an additional 198 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Rockwell Collins by 28.2% in the first quarter. Russell Investments Group Ltd. now owns 41,326 shares of the aerospace company’s stock valued at $4,016,000 after buying an additional 9,102 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in Rockwell Collins by 9.6% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,902 shares of the aerospace company’s stock valued at $1,059,000 after buying an additional 957 shares in the last quarter. Finally, BB&T Corp boosted its position in Rockwell Collins by 11.2% in the first quarter. BB&T Corp now owns 8,850 shares of the aerospace company’s stock valued at $860,000 after buying an additional 891 shares in the last quarter. Hedge funds and other institutional investors own 77.86% of the company’s stock.
About Rockwell Collins
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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