Traders Buy Shares of Rockwell Collins, Inc. (COL) on Weakness
Investors purchased shares of Rockwell Collins, Inc. (NYSE:COL) on weakness during trading hours on Thursday. $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
COL has been the topic of a number of recent analyst reports. Citigroup Inc. raised their price target on Rockwell Collins from $93.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 15th. Jefferies Group LLC restated a “hold” rating and issued a $115.00 price target on shares of Rockwell Collins in a research report on Sunday, September 3rd. Buckingham Research restated a “neutral” rating on shares of Rockwell Collins in a research report on Tuesday, September 5th. Drexel Hamilton cut Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, Sanford C. Bernstein cut Rockwell Collins from an “outperform” rating to a “market perform” rating and set a $137.00 price target on the stock. in a research report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $128.85.
The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $21,589.75, a PE ratio of 22.16, a PEG ratio of 1.59 and a beta of 0.73.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 13th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, November 10th. Rockwell Collins’s dividend payout ratio is presently 27.62%.
In other news, VP Robert A. Sturgell sold 1,734 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $132.10, for a total transaction of $229,061.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Tatum J. Buse sold 19,170 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $135.36, for a total value of $2,594,851.20. Following the sale, the vice president now owns 3,722 shares in the company, valued at $503,809.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 535,481 shares of company stock worth $72,458,490. Company insiders own 1.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Artemis Investment Management LLP bought a new stake in shares of Rockwell Collins during the second quarter worth about $7,472,000. Frontier Investment Mgmt Co. bought a new stake in shares of Rockwell Collins during the second quarter worth about $375,000. State of New Jersey Common Pension Fund D grew its holdings in shares of Rockwell Collins by 304.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 445,000 shares of the aerospace company’s stock worth $58,166,000 after purchasing an additional 335,000 shares during the last quarter. Rosenblum Silverman Sutton S F Inc. CA bought a new stake in shares of Rockwell Collins during the second quarter worth about $4,120,000. Finally, Capital Analysts LLC bought a new stake in shares of Rockwell Collins during the second quarter worth about $2,183,000. 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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