Credit Suisse Group cut shares of Rockwell Collins, Inc. (NYSE:COL) from an outperform rating to a neutral rating in a research report report published on Wednesday, MarketBeat.com reports. They currently have $140.00 price target on the stock.
Several other research analysts have also recently weighed in on the stock. Goldman Sachs Group, Inc. (The) set a $96.00 price objective on shares of Rockwell Collins and gave the stock a sell rating in a research report on Tuesday, August 1st. Morgan Stanley set a $135.00 price objective on shares of Rockwell Collins and gave the stock a buy rating in a research report on Thursday, August 17th. BidaskClub cut shares of Rockwell Collins from a buy rating to a hold rating in a research report on Tuesday, July 25th. Vertical Research cut shares of Rockwell Collins from a buy rating to a hold rating and dropped their price objective for the stock from $143.00 to $140.00 in a research report on Tuesday, September 5th. Finally, Deutsche Bank AG cut shares of Rockwell Collins from a buy rating to a hold rating and set a $140.00 price objective for the company. in a research report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 128.85 ($1.69).
Rockwell Collins (NYSE:COL) traded up GBX 0.42 ($0.01) during trading hours on Wednesday, hitting GBX 133.58 ($1.76). 715,007 shares of the stock were exchanged, compared to its average volume of 1,129,664. Rockwell Collins has a 52 week low of GBX 85.11 ($1.12) and a 52 week high of GBX 136.50 ($1.80). The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $21,746.69, a PE ratio of 22.34, a P/E/G ratio of 1.60 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, October 27th. The company reported GBX 1.80 ($0.02) earnings per share for the quarter, hitting the consensus estimate of GBX 1.80 ($0.02). Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The firm had revenue of GBX 219.30 billion during the quarter, compared to analysts’ expectations of GBX 222.97 billion. During the same quarter in the previous year, the company posted $1.58 EPS. Rockwell Collins’s revenue was up 51.8% on a year-over-year basis. analysts anticipate that Rockwell Collins will post 7.18 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, November 10th. Rockwell Collins’s dividend payout ratio (DPR) is 27.62%.
In related news, Director Harlan Donnley Meade bought 1,666,667 shares of Rockwell Collins stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average cost of GBX 0.06 ($0.00) per share, with a total value of £1,000 ($1,315.27). Also, SVP Nan Mattai sold 53,300 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of GBX 135.34 ($1.78), for a total transaction of £72,136.22 ($94,878.63). Following the completion of the transaction, the senior vice president now directly owns 21,039 shares of the company’s stock, valued at £28,474.18 ($37,451.25). The disclosure for this sale can be found here. Insiders sold a total of 527,680 shares of company stock valued at $71,420,546 in the last three months. 1.50% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. FNY Partners Fund LP acquired a new position in Rockwell Collins in the 3rd quarter worth $104,000. NEXT Financial Group Inc boosted its stake in Rockwell Collins by 35.7% in the 2nd quarter. NEXT Financial Group Inc now owns 950 shares of the company’s stock worth $100,000 after purchasing an additional 250 shares during the period. Jacobi Capital Management LLC boosted its stake in Rockwell Collins by 30.0% in the 2nd quarter. Jacobi Capital Management LLC now owns 1,001 shares of the company’s stock worth $108,000 after purchasing an additional 231 shares during the period. Highlander Capital Management LLC boosted its stake in Rockwell Collins by 106.0% in the 2nd quarter. Highlander Capital Management LLC now owns 1,024 shares of the company’s stock worth $108,000 after purchasing an additional 527 shares during the period. Finally, Whittier Trust Co. boosted its stake in Rockwell Collins by 3.2% in the 2nd quarter. Whittier Trust Co. now owns 1,141 shares of the company’s stock worth $120,000 after purchasing an additional 35 shares during the period. 77.96% of the stock is owned by hedge funds and other institutional investors.
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.
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