Rockwell Collins CEO Unloads $300,740 in Stock (COL)
Rockwell Collins (NYSE:COL) CEO Robert Kelly Ortberg unloaded 4,400 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $68.35, for a total transaction of $300,740.00. Following the completion of the transaction, the chief executive officer now directly owns 41,548 shares in the company, valued at approximately $2,839,806. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at RBC Capital cut their price target on shares of Rockwell Collins (NYSE:COL) from $84.00 to $79.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Buckingham Research downgraded shares of Rockwell Collins (NYSE:COL) from a “buy” rating to a “neutral” rating in a research note to investors on Monday. Finally, analysts at Credit Suisse downgraded shares of Rockwell Collins (NYSE:COL) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $68.00 price target on the stock, down previously from $78.00.
Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $73.20.
Rockwell Collins (NYSE:COL) traded down 0.61% during mid-day trading on Wednesday, hitting $68.99. 2,303,771 shares of the company’s stock traded hands. Rockwell Collins has a 52-week low of $52.24 and a 52-week high of $75.25. The stock’s 50-day moving average is $72.15 and its 200-day moving average is $66.77. The company has a market cap of $9.314 billion and a P/E ratio of 15.92.
Rockwell Collins (NYSE:COL) last released its earnings data on Friday, July 19th. The company reported $1.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.16 by $0.04. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. Analysts expect that Rockwell Collins will post $4.60 EPS for the current fiscal year.
Rockwell Collins, Inc (NYSE:COL) is engaged in design, production and support of communications and aviation electronics for commercial and military customers worldwide.
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