Rockwell Collins (COL) Rating Increased to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Rockwell Collins (NYSE:COL) from a hold rating to a buy rating in a report published on Friday. They currently have $154.00 price target on the aerospace company’s stock.
According to Zacks, “Rockwell Collins continues to be the foremost global supplier of communications and avionics equipment for both commercial and military customers. A diversified portfolio, comprising commercial and government customers, cushions it from risks of reduced orders from either customer group. Moreover, United Technologies has recently agreed to take over Rockwell Collins, which comes as good news for the latter’s shareholders, who are set to enjoy more than 7% premium in terms of share price. The company outperformed its broader industry in past one year. However, the company derives a major portion of its revenues from overseas, which exposes it to the risk of currency fluctuations.”
COL has been the topic of a number of other research reports. Royal Bank of Canada set a $140.00 target price on Rockwell Collins and gave the company a hold rating in a report on Sunday, November 12th. Jefferies Group reissued a hold rating and issued a $115.00 target price on shares of Rockwell Collins in a report on Tuesday, October 3rd. Credit Suisse Group lowered Rockwell Collins from an outperform rating to a neutral rating and set a $140.00 target price on the stock. in a report on Wednesday, November 8th. Canaccord Genuity reissued a hold rating and issued a $140.00 target price on shares of Rockwell Collins in a report on Friday, October 6th. Finally, ValuEngine lowered Rockwell Collins from a buy rating to a hold rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $129.01.
Rockwell Collins (NYSE:COL) last released its quarterly earnings results on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, hitting the consensus estimate of $1.80. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The firm’s revenue was up 51.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 earnings per share. sell-side analysts predict that Rockwell Collins will post 7.2 earnings per share for the current fiscal year.
In related news, CEO Robert Kelly Ortberg sold 395,110 shares of Rockwell Collins stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $135.35, for a total value of $53,478,138.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Tatum J. Buse sold 19,170 shares of Rockwell Collins stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $135.36, for a total value of $2,594,851.20. Following the completion of 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. Over the last 90 days, insiders sold 571,812 shares of company stock worth $77,350,247. Company insiders own 1.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Simmons Bank boosted its position in Rockwell Collins by 0.6% during the second quarter. Simmons Bank now owns 7,593 shares of the aerospace company’s stock worth $799,000 after purchasing an additional 43 shares in the last quarter. Sentry Investment Management LLC boosted its position in Rockwell Collins by 1.1% during the second quarter. Sentry Investment Management LLC now owns 9,707 shares of the aerospace company’s stock worth $1,020,000 after purchasing an additional 104 shares in the last quarter. First Allied Advisory Services Inc. boosted its position in Rockwell Collins by 6.0% during the second quarter. First Allied Advisory Services Inc. now owns 4,201 shares of the aerospace company’s stock worth $443,000 after purchasing an additional 236 shares in the last quarter. Fulton Bank N.A. boosted its position in Rockwell Collins by 13.8% during the third quarter. Fulton Bank N.A. now owns 3,153 shares of the aerospace company’s stock worth $413,000 after purchasing an additional 383 shares in the last quarter. Finally, FTB Advisors Inc. boosted its position in Rockwell Collins by 36.8% during the second quarter. FTB Advisors Inc. now owns 1,458 shares of the aerospace company’s stock worth $175,000 after purchasing an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 72.22% of the company’s stock.
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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