Rockwell Collins, Inc. (COL) Upgraded to “Strong-Buy” by Vetr Inc.

Vetr upgraded shares of Rockwell Collins, Inc. (NYSE:COL) from a hold rating to a strong-buy rating in a report released on Monday. They currently have $166.10 target price on the aerospace company’s stock.

Other research analysts have also issued research reports about the stock. Bank of America Corporation dropped their price target on shares of Rockwell Collins from $115.00 to $95.00 and set a neutral rating for the company in a research report on Friday, June 9th. J P Morgan Chase & Co reissued an overweight rating and issued a $135.00 price target on shares of Rockwell Collins in a research report on Friday, July 14th. Goldman Sachs Group, Inc. (The) set a $96.00 price target on shares of Rockwell Collins and gave the stock a sell rating in a research report on Tuesday, August 1st. Jefferies Group LLC reissued a hold rating and issued a $115.00 price target (up previously from $108.00) on shares of Rockwell Collins in a research report on Monday, July 31st. Finally, Cowen and Company reissued a market perform rating and issued a $115.00 price target on shares of Rockwell Collins in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $118.05.

Rockwell Collins (NYSE:COL) opened at 123.69 on Monday. Rockwell Collins has a 52 week low of $78.54 and a 52 week high of $128.43. The firm has a market capitalization of $20.10 billion, a P/E ratio of 24.55 and a beta of 0.78. The firm has a 50-day moving average price of $114.67 and a 200-day moving average price of $104.09.

Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.06. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The firm’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.63 earnings per share. Equities analysts forecast that Rockwell Collins will post $6.08 EPS for the current year.

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Rockwell Collins declared that its Board of Directors has authorized a share repurchase program on Friday, July 7th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the aerospace company to repurchase up to 1.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, August 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.07%. Rockwell Collins’s dividend payout ratio is 26.04%.

In related news, VP Jeffrey A. Standerski sold 6,300 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $108.44, for a total transaction of $683,172.00. Following the sale, the vice president now directly owns 10,519 shares in the company, valued at $1,140,680.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have purchased 14,000 shares of company stock worth $1,120. 1.50% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of COL. Sentry Investment Management LLC raised its stake in shares of Rockwell Collins by 1.1% in the second quarter. Sentry Investment Management LLC now owns 9,707 shares of the aerospace company’s stock valued at $1,020,000 after buying an additional 104 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Rockwell Collins by 53.4% in the second quarter. Toronto Dominion Bank now owns 56,614 shares of the aerospace company’s stock valued at $5,948,000 after buying an additional 19,712 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Rockwell Collins during the second quarter valued at approximately $273,000. Advisory Services Network LLC increased its stake in shares of Rockwell Collins by 1,315.9% in the second quarter. Advisory Services Network LLC now owns 9,954 shares of the aerospace company’s stock valued at $1,046,000 after buying an additional 9,251 shares during the last quarter. Finally, U S Global Investors Inc. bought a new stake in shares of Rockwell Collins during the second quarter valued at approximately $665,000. Hedge funds and other institutional investors own 67.81% 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.

Analyst Recommendations for Rockwell Collins (NYSE:COL)

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