Rockwell Collins (NYSE:COL) had its target price cut by investment analysts at Canaccord Genuity from $140.00 to $137.00 in a report released on Tuesday. The brokerage presently has a “hold” rating on the aerospace company’s stock. Canaccord Genuity’s price objective suggests a potential downside of 0.57% from the stock’s current price.
A number of other research analysts have also recently commented on COL. SunTrust Banks reissued a “hold” rating on shares of Rockwell Collins in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Rockwell Collins from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. ValuEngine cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Jefferies Group reissued a “hold” rating and set a $115.00 target price on shares of Rockwell Collins in a research report on Tuesday, October 3rd. Finally, Royal Bank of Canada reissued a “hold” rating and set a $140.00 target price on shares of Rockwell Collins in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Rockwell Collins has a consensus rating of “Hold” and an average target price of $134.01.
Rockwell Collins (NYSE COL) traded down $0.47 during midday trading on Tuesday, hitting $137.79. 1,219,249 shares of the stock were exchanged, compared to its average volume of 1,157,427. Rockwell Collins has a twelve month low of $89.83 and a twelve month high of $139.37. The company has a current ratio of 1.56, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $22,848.72, a PE ratio of 25.65, a P/E/G ratio of 1.84 and a beta of 0.72.
In other Rockwell Collins news, CFO Patrick E. Allen sold 25,410 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $135.02, for a total transaction of $3,430,858.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Kelly Ortberg sold 395,110 shares of the business’s stock in a transaction on Monday, November 6th. The shares were 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. In the last quarter, insiders have sold 571,812 shares of company stock valued at $77,350,247. 1.10% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in COL. Ameriprise Financial Inc. increased its stake in Rockwell Collins by 38.4% during the second quarter. Ameriprise Financial Inc. now owns 82,250 shares of the aerospace company’s stock valued at $8,634,000 after purchasing an additional 22,823 shares during the last quarter. Profund Advisors LLC increased its stake in Rockwell Collins by 16.7% during the second quarter. Profund Advisors LLC now owns 3,894 shares of the aerospace company’s stock valued at $409,000 after purchasing an additional 557 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Rockwell Collins during the second quarter valued at $663,000. Teachers Retirement System of The State of Kentucky increased its stake in Rockwell Collins by 25.0% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 17,247 shares of the aerospace company’s stock valued at $1,812,000 after purchasing an additional 3,447 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Rockwell Collins by 83.4% during the second quarter. Dimensional Fund Advisors LP now owns 871,612 shares of the aerospace company’s stock valued at $91,587,000 after purchasing an additional 396,414 shares during the last quarter. Hedge funds and other institutional investors own 72.23% 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.
