Investors Buy Rockwell Collins, Inc. (COL) on Weakness
Traders purchased shares of Rockwell Collins, Inc. (NYSE:COL) on weakness during trading on Wednesday. $35.91 million flowed into the stock on the tick-up and $9.76 million flowed out of the stock on the tick-down, for a money net flow of $26.15 million into the stock. Of all companies tracked, Rockwell Collins had the 29th highest net in-flow for the day. Rockwell Collins traded down ($0.23) for the day and closed at $132.53
Several research analysts have weighed in on the company. Royal Bank Of Canada set a $140.00 price target on Rockwell Collins and gave the company a “hold” rating in a report on Sunday, November 12th. Goldman Sachs Group, Inc. (The) set a $96.00 price objective on shares of Rockwell Collins and gave the company a “sell” rating in a research note on Tuesday, August 1st. Jefferies Group LLC reissued a “hold” rating and set a $115.00 price objective (up from $108.00) on shares of Rockwell Collins in a research note on Monday, July 31st. Vetr raised shares of Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 price objective for the company in a research note on Monday, August 21st. Finally, Canaccord Genuity cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $128.85.
The company has a market capitalization of $21,620.00, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 1.59 and a beta of 0.73. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.55 and a quick ratio of 0.75.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings results on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.80. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The firm’s quarterly revenue was up 51.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 EPS. analysts predict that Rockwell Collins, Inc. will post 7.18 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 13th will be given a $0.33 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.32 annualized dividend and a dividend yield of 1.00%. Rockwell Collins’s dividend payout ratio (DPR) is presently 27.62%.
In other Rockwell Collins news, VP David J. Nieuwsma sold 3,900 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $133.00, for a total value of $518,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Harlan Donnley Meade bought 1,666,667 shares of the business’s stock in a transaction on Friday, September 15th. The stock was bought at an average price of $0.06 per share, with a total value of $100,000.02. In the last 90 days, insiders sold 535,481 shares of company stock valued at $72,458,490. 1.50% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Institutional & Family Asset Management LLC purchased a new stake in Rockwell Collins in the 3rd quarter worth approximately $236,000. Steward Partners Investment Advisory LLC bought a new position in shares of Rockwell Collins during the 3rd quarter valued at $306,000. Belpointe Asset Management LLC bought a new position in shares of Rockwell Collins during the 3rd quarter valued at $343,000. IFM Investors Pty Ltd bought a new position in shares of Rockwell Collins during the 3rd quarter valued at $632,000. Finally, Fieldpoint Private Securities LLC bought a new position in shares of Rockwell Collins during the 3rd quarter valued at $100,000. Institutional investors own 75.56% of the company’s stock.
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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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