Rockwell Collins, Inc. (NYSE:COL) was downgraded by Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday.

Several other equities research analysts have also commented on the stock. Wolfe Research lowered shares of Rockwell Collins from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, September 6th. Seaport Global Securities lowered shares of Rockwell Collins from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 6th. Drexel Hamilton lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Canaccord Genuity lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Deutsche Bank AG lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a research note on Tuesday, September 5th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $120.91.

Rockwell Collins (NYSE:COL) traded down 0.02% during midday trading on Monday, hitting $130.93. 281,345 shares of the company were exchanged. Rockwell Collins has a 1-year low of $78.54 and a 1-year high of $135.31. The firm has a market capitalization of $21.27 billion, a PE ratio of 25.98 and a beta of 0.75. The stock has a 50 day moving average of $122.50 and a 200 day moving average of $107.41.

Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, topping the 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 business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the firm posted $1.63 earnings per share. Rockwell Collins’s quarterly revenue was up 57.0% on a year-over-year basis. On average, equities analysts predict that Rockwell Collins will post $6.09 earnings per share for the current fiscal year.

Rockwell Collins announced that its Board of Directors has approved a share buyback plan on Friday, July 7th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the aerospace company to purchase up to 1.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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Hedge funds have recently made changes to their positions in the business. NEXT Financial Group Inc increased its holdings in Rockwell Collins by 35.7% during 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 during the last quarter. Jacobi Capital Management LLC increased its holdings in Rockwell Collins by 30.0% during 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 during the last quarter. Highlander Capital Management LLC increased its holdings in Rockwell Collins by 106.0% during 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 during the last quarter. Global X Management Co. LLC increased its holdings in Rockwell Collins by 31.1% during 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 during the last quarter. Finally, Harfst & Associates Inc. purchased a new stake in Rockwell Collins during the first quarter valued at approximately $114,000. 77.86% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Rockwell Collins (NYSE:COL)

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