Rockwell Collins, Inc. Declares Quarterly Dividend of $0.30 (COL)
Rockwell Collins (NYSE:COL) announced a quarterly dividend on Friday, August 1st, StockRatingsNetwork.com reports. Shareholders of record on Monday, August 11th will be paid a dividend of 0.30 per share on Tuesday, September 2nd. This represents a $1.20 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, August 7th.
A number of analysts have recently weighed in on COL shares. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rockwell Collins in a research note on Wednesday, July 23rd. They now have a $95.00 price target on the stock, up previously from $87.00. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Rockwell Collins in a research note on Wednesday, July 23rd. They now have a $82.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Rockwell Collins from $87.00 to $91.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $82.86.
Shares of Rockwell Collins (NYSE:COL) traded up 0.34% on Friday, hitting $73.52. 739,119 shares of the company’s stock traded hands. Rockwell Collins has a 52-week low of $65.76 and a 52-week high of $84.06. The stock has a 50-day moving average of $78.32 and a 200-day moving average of $78.63. The company has a market cap of $9.932 billion and a price-to-earnings ratio of 16.40.
Rockwell Collins (NYSE:COL) last announced its earnings results on Tuesday, July 22nd. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.02. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts predict that Rockwell Collins will post $4.52 earnings per share for the current fiscal year.
In other Rockwell Collins news, CEO Robert Kelly Ortberg sold 6,160 shares of the company’s stock on the open market in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $74.81, for a total transaction of $460,829.60. The sale was disclosed in a filing with the SEC, which is available at this link.
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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