Sanford C. Bernstein Begins Coverage on Rockwell Collins, Inc. (COL)
Investment analysts at Sanford C. Bernstein began coverage on shares of Rockwell Collins, Inc. (NYSE:COL) in a report released on Thursday, The Fly reports. The firm set an “outperform” rating on the aerospace company’s stock.
Several other equities analysts have also recently weighed in on COL. Jefferies Group LLC set a $108.00 price objective on shares of Rockwell Collins and gave the stock a “hold” rating in a research note on Monday. Vertical Research increased their price objective on shares of Rockwell Collins from $100.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday, April 24th. Credit Suisse Group AG reiterated a “buy” rating and issued a $120.00 price objective on shares of Rockwell Collins in a research note on Friday, March 31st. Barclays PLC increased their price objective on shares of Rockwell Collins from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 25th. Finally, Zacks Investment Research upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Thursday, March 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $108.93.
Rockwell Collins (NYSE:COL) opened at 103.96 on Thursday. The stock has a market cap of $16.88 billion, a P/E ratio of 18.66 and a beta of 0.79. The stock has a 50 day moving average of $102.20 and a 200 day moving average of $95.49. Rockwell Collins has a 1-year low of $78.54 and a 1-year high of $107.57.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings data on Friday, April 21st. The aerospace company reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.03. Rockwell Collins had a net margin of 13.97% and a return on equity of 35.84%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the business earned $1.30 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. Equities analysts anticipate that Rockwell Collins will post $5.97 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 5th. Shareholders of record on Monday, May 15th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 11th. Rockwell Collins’s payout ratio is 23.57%.
In other news, VP Colin R. Mahoney sold 770 shares of Rockwell Collins stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $98.78, for a total transaction of $76,060.60. Following the completion of the sale, the vice president now directly owns 11,290 shares in the company, valued at $1,115,226.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Philip J. Jasper sold 7,311 shares of Rockwell Collins stock in a transaction on Friday, March 24th. The stock was sold at an average price of $97.21, for a total value of $710,702.31. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 36,000 shares of company stock valued at $3,180 and have sold 70,336 shares valued at $6,990,703. 1.50% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in COL. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in Rockwell Collins by 552.5% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,181 shares of the aerospace company’s stock valued at $100,000 after buying an additional 1,000 shares during the period. Whittier Trust Co. increased its stake in Rockwell Collins by 30.1% in the first quarter. Whittier Trust Co. now owns 1,106 shares of the aerospace company’s stock valued at $108,000 after buying an additional 256 shares during the period. Global X Management Co. LLC increased its stake in Rockwell Collins by 31.1% in the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock valued at $114,000 after buying an additional 278 shares during the period. Harfst & Associates Inc. acquired a new stake in Rockwell Collins during the first quarter valued at $114,000. Finally, CWM LLC increased its stake in Rockwell Collins by 71.5% in the first quarter. CWM LLC now owns 1,211 shares of the aerospace company’s stock valued at $118,000 after buying an additional 505 shares during the period. Institutional investors and hedge funds own 78.40% of the company’s stock.
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.
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