Rockwell Collins (COL) Cut to Market Perform at Wells Fargo & Co

Wells Fargo & Co cut shares of Rockwell Collins (NYSE:COL) from an outperform rating to a market perform rating in a research note released on Tuesday morning, MarketBeat Ratings reports.

A number of other analysts have also recently commented on the stock. Credit Suisse Group cut shares of Rockwell Collins from an outperform rating to a neutral rating and set a $140.00 price target on the stock. in a research report on Wednesday, November 8th. Royal Bank of Canada set a $140.00 price target on shares of Rockwell Collins and gave the company a hold rating in a research report on Sunday, November 12th. Zacks Investment Research raised shares of Rockwell Collins from a hold rating to a buy rating and set a $151.00 price target on the stock in a research report on Monday, October 23rd. Jefferies Group reaffirmed a hold rating and set a $115.00 price target on shares of Rockwell Collins in a research report on Tuesday, October 3rd. Finally, Canaccord Genuity reaffirmed a hold rating and set a $140.00 price target on shares of Rockwell Collins in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $130.56.

Shares of Rockwell Collins (COL) opened at $137.67 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 1.10. The company has a market cap of $22,505.25, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 1.81 and a beta of 0.72. Rockwell Collins has a 1 year low of $89.44 and a 1 year high of $138.19.

Rockwell Collins (NYSE:COL) last issued its quarterly earnings results on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.80. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The business’s quarterly revenue was up 51.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 earnings per share. equities research analysts expect that Rockwell Collins will post 7.16 EPS for the current fiscal year.

In other news, VP Tatum J. Buse sold 19,170 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $135.36, for a total transaction of $2,594,851.20. Following the transaction, the vice president now owns 3,722 shares of the company’s stock, valued at approximately $503,809.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Kelly Ortberg sold 395,110 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $135.35, for a total transaction of $53,478,138.50. The disclosure for this sale can be found here. Insiders have sold a total of 571,812 shares of company stock worth $77,350,247 in the last three months. Insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. TRUE Private Wealth Advisors acquired a new stake in shares of Rockwell Collins in the 4th quarter worth about $490,000. State of Alaska Department of Revenue raised its holdings in shares of Rockwell Collins by 149.3% in the 4th quarter. State of Alaska Department of Revenue now owns 21,558 shares of the aerospace company’s stock worth $2,921,000 after acquiring an additional 12,909 shares during the last quarter. Benin Management CORP raised its holdings in shares of Rockwell Collins by 178.2% in the 4th quarter. Benin Management CORP now owns 10,865 shares of the aerospace company’s stock worth $1,474,000 after acquiring an additional 6,960 shares during the last quarter. Havens Advisors LLC raised its holdings in shares of Rockwell Collins by 210.6% in the 4th quarter. Havens Advisors LLC now owns 52,800 shares of the aerospace company’s stock worth $7,161,000 after acquiring an additional 35,800 shares during the last quarter. Finally, CAPROCK Group Inc. acquired a new stake in shares of Rockwell Collins in the 4th quarter worth about $227,000. Institutional investors own 72.22% of the company’s stock.

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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.

Analyst Recommendations for Rockwell Collins (NYSE:COL)

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