Royal Bank Of Canada reissued their hold rating on shares of Rockwell Collins, Inc. (NYSE:COL) in a research note released on Friday, May 26th. They currently have a $114.00 target price on the aerospace company’s stock.
Several other equities analysts have also recently weighed in on COL. Credit Suisse Group upgraded Rockwell Collins from a neutral rating to an outperform rating and lifted their price target for the company from $92.00 to $120.00 in a research report on Monday, March 20th. Morgan Stanley upgraded Rockwell Collins from an equal weight rating to an overweight rating and lifted their price target for the company from $94.00 to $121.00 in a research report on Monday, March 13th. Deutsche Bank AG lifted their price target on Rockwell Collins from $115.00 to $125.00 and gave the company a buy rating in a research report on Monday, April 24th. Barclays PLC reiterated an outperform rating and issued a $59.00 price target (down from $96.00) on shares of Rockwell Collins in a research report on Friday, April 14th. Finally, Zacks Investment Research upgraded Rockwell Collins from a hold rating to a buy rating and set a $108.00 price objective on the stock in a report on Monday, March 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. Rockwell Collins currently has an average rating of Buy and a consensus target price of $110.24.
Shares of Rockwell Collins (NYSE:COL) traded down 1.01% on Friday, reaching $105.45. 813,781 shares of the company’s stock were exchanged. The company has a market capitalization of $17.12 billion, a P/E ratio of 18.92 and a beta of 0.74. The firm’s 50 day moving average price is $105.07 and its 200-day moving average price is $97.76. Rockwell Collins has a 12 month low of $78.54 and a 12 month high of $109.30.
Rockwell Collins (NYSE:COL) last released its earnings results on Friday, April 21st. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.03. Rockwell Collins had a return on equity of 34.40% and a net margin of 13.83%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the business posted $1.30 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities analysts anticipate that Rockwell Collins will post $6.03 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Monday, June 5th. Shareholders of record on Monday, May 15th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, May 11th. Rockwell Collins’s dividend payout ratio (DPR) is presently 23.66%.
In related news, CFO Patrick E. Allen sold 1,550 shares of the stock in a transaction dated Wednesday, March 22nd. The shares were sold at an average price of $97.25, for a total value of $150,737.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Bruce Michael King sold 2,735 shares of the stock in a transaction dated Thursday, April 6th. The shares were sold at an average price of $100.00, for a total transaction of $273,500.00. The disclosure for this sale can be found here. In the last three months, insiders have acquired 38,000 shares of company stock valued at $3,280 and have sold 26,696 shares valued at $2,739,562. 1.50% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearbridge Investments LLC increased its position in shares of Rockwell Collins by 10.5% in the first quarter. Clearbridge Investments LLC now owns 3,362,286 shares of the aerospace company’s stock worth $326,680,000 after buying an additional 319,567 shares during the last quarter. Achmea Investment Management B.V. acquired a new position in shares of Rockwell Collins during the first quarter worth approximately $1,266,000. Bank of Nova Scotia increased its position in shares of Rockwell Collins by 4,434.1% in the first quarter. Bank of Nova Scotia now owns 130,447 shares of the aerospace company’s stock worth $12,675,000 after buying an additional 127,570 shares during the last quarter. Point72 Asia Hong Kong Ltd increased its position in shares of Rockwell Collins by 263.2% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,771 shares of the aerospace company’s stock worth $269,000 after buying an additional 2,008 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Rockwell Collins by 8.7% in the first quarter. Point72 Asset Management L.P. now owns 203,700 shares of the aerospace company’s stock worth $19,791,000 after buying an additional 16,300 shares during the last quarter. 66.36% of the stock is owned by hedge funds and other institutional investors.
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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