Traders Sell Shares of Rockwell Collins (COL) on Strength After Insider Selling
Investors sold shares of Rockwell Collins, Inc. (NYSE:COL) on strength during trading on Tuesday after an insider sold shares in the company. $12.51 million flowed into the stock on the tick-up and $94.02 million flowed out of the stock on the tick-down, for a money net flow of $81.51 million out of the stock. Of all companies tracked, Rockwell Collins had the 0th highest net out-flow for the day. Rockwell Collins traded up $0.06 for the day and closed at $134.89Specifically, CFO Patrick E. Allen sold 35,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $135.34, for a total transaction of $4,736,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Tatum J. Buse sold 19,170 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $135.36, for a total transaction of $2,594,851.20. Following the sale, the vice president now directly owns 3,722 shares of the company’s stock, valued at $503,809.92. The disclosure for this sale can be found here. Insiders have sold 571,812 shares of company stock valued at $77,350,247 over the last three months. Insiders own 1.10% of the company’s stock.
COL has been the subject of a number of recent analyst reports. Credit Suisse Group reissued a “neutral” rating on shares of Rockwell Collins in a research note on Friday, September 1st. Vertical Research lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating and lowered their target price for the company from $143.00 to $140.00 in a research note on Tuesday, September 5th. Deutsche Bank lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a research note on Tuesday, September 5th. Canaccord Genuity lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating and boosted their target price for the company from $125.00 to $140.00 in a research note on Tuesday, September 5th. Finally, Drexel Hamilton lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $128.85.
The firm has a market capitalization of $22,180.00, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 1.61 and a beta of 0.72. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.55 and a quick ratio of 0.75.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 13th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Friday, November 10th. Rockwell Collins’s dividend payout ratio (DPR) is presently 27.62%.
Large investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC raised its holdings in Rockwell Collins by 10.7% in the third quarter. Parametric Portfolio Associates LLC now owns 319,246 shares of the aerospace company’s stock worth $41,729,000 after purchasing an additional 30,909 shares in the last quarter. AXA raised its holdings in Rockwell Collins by 5.4% in the third quarter. AXA now owns 174,350 shares of the aerospace company’s stock worth $22,789,000 after purchasing an additional 8,905 shares in the last quarter. Institutional & Family Asset Management LLC bought a new position in Rockwell Collins in the third quarter worth about $236,000. Steward Partners Investment Advisory LLC bought a new position in Rockwell Collins in the third quarter worth about $306,000. Finally, Belpointe Asset Management LLC bought a new position in Rockwell Collins in the third quarter worth about $343,000. 72.21% of the stock is owned by institutional investors.
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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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