Patrick E. Allen Sells 1,550 Shares of Rockwell Collins, Inc. (COL) Stock

Rockwell Collins, Inc. (NYSE:COL) CFO Patrick E. Allen sold 1,550 shares of the business’s stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $97.25, for a total value of $150,737.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Patrick E. Allen also recently made the following trade(s):

  • On Monday, March 20th, Patrick E. Allen sold 2,000 shares of Rockwell Collins stock. The stock was sold at an average price of $98.93, for a total value of $197,860.00.
  • On Tuesday, March 21st, Patrick E. Allen sold 4,000 shares of Rockwell Collins stock. The stock was sold at an average price of $99.15, for a total value of $396,600.00.
  • On Friday, March 17th, Patrick E. Allen sold 4,000 shares of Rockwell Collins stock. The stock was sold at an average price of $98.34, for a total value of $393,360.00.
  • On Wednesday, March 15th, Patrick E. Allen sold 4,000 shares of Rockwell Collins stock. The stock was sold at an average price of $98.38, for a total value of $393,520.00.

Shares of Rockwell Collins, Inc. (NYSE:COL) traded up 1.58% on Thursday, reaching $99.59. The company’s stock had a trading volume of 2,386,610 shares. The company has a market cap of $13.03 billion, a P/E ratio of 17.80 and a beta of 0.79. The company has a 50 day moving average price of $97.98 and a 200 day moving average price of $91.74. Rockwell Collins, Inc. has a 52-week low of $78.54 and a 52-week high of $100.24.

Rockwell Collins (NYSE:COL) last posted its quarterly earnings results on Friday, January 20th. The aerospace company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.05. Rockwell Collins had a return on equity of 35.84% and a net margin of 13.97%. The business earned $1.19 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the company posted $1.00 earnings per share. Rockwell Collins’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts anticipate that Rockwell Collins, Inc. will post $5.40 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Rockwell Collins (NYSE:COL)

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 given a dividend of $0.33 per share. The ex-dividend date is Thursday, May 11th. This represents a $1.32 annualized dividend and a yield of 1.33%. Rockwell Collins’s dividend payout ratio (DPR) is presently 23.57%.

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A number of equities analysts recently issued reports on the company. Zacks Investment Research cut Rockwell Collins from a “buy” rating to a “hold” rating in a report on Tuesday, March 21st. Credit Suisse Group AG upgraded Rockwell Collins from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $92.00 to $120.00 in a report on Monday, March 20th. Canaccord Genuity restated a “hold” rating and issued a $90.00 target price on shares of Rockwell Collins in a report on Thursday. Jefferies Group LLC restated a “hold” rating and issued a $93.00 target price on shares of Rockwell Collins in a report on Tuesday. Finally, Morgan Stanley upgraded Rockwell Collins from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $94.00 to $121.00 in a report on Monday, March 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. Rockwell Collins currently has a consensus rating of “Hold” and a consensus target price of $99.50.

A number of large investors have recently modified their holdings of the company. Capital World Investors increased its stake in shares of Rockwell Collins by 0.6% in the third quarter. Capital World Investors now owns 9,359,580 shares of the aerospace company’s stock valued at $789,387,000 after buying an additional 54,724 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of 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 valued at $592,439,000 after buying an additional 1,171,517 shares during the period. State Street Corp increased its stake in shares of Rockwell Collins by 8.4% in the fourth quarter. State Street Corp now owns 5,767,832 shares of the aerospace company’s stock valued at $535,019,000 after buying an additional 448,208 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of 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 valued at $284,767,000 after buying an additional 21,338 shares during the period. Finally, BlackRock Fund Advisors increased its stake in shares of Rockwell Collins by 5.2% in the third quarter. BlackRock Fund Advisors now owns 2,641,921 shares of the aerospace company’s stock valued at $222,820,000 after buying an additional 129,576 shares during the period. Hedge funds and other institutional investors own 78.40% of the company’s stock.

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.

5 Day Chart for NYSE:COL

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