Investors Sell Rockwell Collins (COL) on Strength Following Insider Selling

Traders sold shares of Rockwell Collins, Inc. (NYSE:COL) on strength during trading on Tuesday following insider selling activity. $12.51 million flowed into the stock on the tick-up and $94.02 million flowed out of the stock on the tick-down, for a money net flow of $81.51 million out of the stock. Of all companies tracked, Rockwell Collins had the 9th highest net out-flow for the day. Rockwell Collins traded up $0.06 for the day and closed at $134.89Specifically, CFO Patrick E. Allen sold 35,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $135.34, for a total transaction of $4,736,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Kelly Ortberg sold 395,110 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $135.35, for a total value of $53,478,138.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 571,812 shares of company stock valued at $77,350,247. Corporate insiders own 1.10% of the company’s stock.

Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Rockwell Collins from a “sell” rating to a “hold” rating in a report on Monday, October 16th. ValuEngine downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. SunTrust Banks reissued a “hold” rating on shares of Rockwell Collins in a research report on Monday, October 2nd. Vetr raised Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 price objective on the stock in a research report on Monday, August 21st. Finally, Canaccord Genuity reissued a “hold” rating and issued a $140.00 price objective on shares of Rockwell Collins in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $128.85.

The firm has a market capitalization of $22,032.71, a price-to-earnings ratio of 22.49, a PEG ratio of 1.61 and a beta of 0.72. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.55 and a quick ratio of 0.75.

Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, October 27th. The aerospace company reported $1.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.80. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The company’s quarterly revenue was up 51.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 EPS. equities analysts forecast that Rockwell Collins, Inc. will post 7.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 13th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.32 dividend on an annualized basis and a yield of 0.98%. Rockwell Collins’s dividend payout ratio is currently 27.62%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fieldpoint Private Securities LLC bought a new position in Rockwell Collins in the 3rd quarter worth about $100,000. FNY Partners Fund LP bought a new position in shares of Rockwell Collins during the 3rd quarter valued at about $104,000. Jacobi Capital Management LLC increased its position in shares of Rockwell Collins by 30.0% during the 2nd quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 231 shares during the last quarter. Highlander Capital Management LLC increased its position in shares of Rockwell Collins by 106.0% during the 2nd quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 527 shares during the last quarter. Finally, Sun Life Financial INC increased its position in shares of Rockwell Collins by 16,857.1% during the 2nd quarter. Sun Life Financial INC now owns 1,187 shares of the aerospace company’s stock valued at $125,000 after purchasing an additional 1,180 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

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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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