Cowen and Company reissued their outperform rating on shares of Rockwell Collins, Inc. (NYSE:COL) in a report issued on Monday morning. The brokerage currently has a $112.00 target price on the aerospace company’s stock.
COL has been the subject of several other research reports. Seaport Global Securities raised shares of Rockwell Collins from a neutral rating to a buy rating and set a $100.00 price objective for the company in a research report on Monday, January 23rd. Morgan Stanley raised shares of Rockwell Collins from an equal weight rating to an overweight rating and increased their target price for the stock from $94.00 to $121.00 in a report on Monday, March 13th. Royal Bank of Canada began coverage on shares of Rockwell Collins in a report on Thursday, January 12th. They issued a sector perform rating and a $98.00 target price for the company. Barclays PLC reissued an outperform rating and issued a $59.00 target price (down previously from $96.00) on shares of Rockwell Collins in a report on Friday, April 14th. Finally, SunTrust Banks, Inc. began coverage on shares of Rockwell Collins in a report on Thursday, January 19th. They issued a hold rating and a $101.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $99.50.
Shares of Rockwell Collins (NYSE:COL) opened at 99.59 on Monday. The company has a market capitalization of $13.03 billion, a P/E ratio of 17.80 and a beta of 0.79. The firm has a 50-day moving average of $97.98 and a 200-day moving average of $91.74. Rockwell Collins has a one year low of $78.54 and a one year high of $100.24.
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Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, January 20th. The aerospace company reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.05. Rockwell Collins had a net margin of 13.97% and a return on equity of 35.84%. The business earned $1.19 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business posted $1.00 earnings per share. Rockwell Collins’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts expect that Rockwell Collins will post $5.40 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 5th. Shareholders of record on Monday, May 15th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, May 11th. Rockwell Collins’s dividend payout ratio (DPR) is presently 23.57%.
In related news, CFO Patrick E. Allen sold 4,000 shares of Rockwell Collins stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $98.38, for a total value of $393,520.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Kelly Ortberg sold 18,850 shares of Rockwell Collins stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $98.84, for a total value of $1,863,134.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 18,000 shares of company stock worth $1,700 and have sold 61,536 shares worth $6,069,253. 1.50% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of COL. Capital World Investors raised its position in Rockwell Collins by 0.6% in the third quarter. Capital World Investors now owns 9,359,580 shares of the aerospace company’s stock worth $789,387,000 after buying an additional 54,724 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Rockwell Collins by 20.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 7,024,418 shares of the aerospace company’s stock worth $592,439,000 after buying an additional 1,171,517 shares during the last quarter. State Street Corp raised its position in Rockwell Collins by 8.4% in the fourth quarter. State Street Corp now owns 5,767,832 shares of the aerospace company’s stock worth $535,019,000 after buying an additional 448,208 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Rockwell Collins by 0.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,376,418 shares of the aerospace company’s stock worth $284,767,000 after buying an additional 21,338 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in Rockwell Collins by 5.2% in the third quarter. BlackRock Fund Advisors now owns 2,641,921 shares of the aerospace company’s stock worth $222,820,000 after buying an additional 129,576 shares during the last quarter. 78.40% of the stock is owned by institutional investors and hedge funds.
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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