Rockwell Collins, Inc. (NYSE:COL) VP Bruce Michael King sold 2,735 shares of the firm’s stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $100.00, for a total value of $273,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Rockwell Collins, Inc. (NYSE:COL) traded up 4.89% during trading on Friday, hitting $104.46. The company had a trading volume of 2,656,651 shares. The stock has a market cap of $13.67 billion, a PE ratio of 18.67 and a beta of 0.79. The firm has a 50 day moving average of $97.98 and a 200 day moving average of $91.74. Rockwell Collins, Inc. has a 12-month low of $78.54 and a 12-month high of $104.55.
Rockwell Collins (NYSE:COL) last released its earnings results on Friday, April 21st. The aerospace company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by $0.04. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. Rockwell Collins had a return on equity of 35.84% and a net margin of 13.97%. Rockwell Collins’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the company posted $1.30 EPS. On average, analysts forecast that Rockwell Collins, Inc. will post $5.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Shareholders of record on Monday, May 15th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Thursday, May 11th. Rockwell Collins’s dividend payout ratio (DPR) is presently 23.57%.
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Several brokerages have weighed in on COL. Zacks Investment Research downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Tuesday, March 21st. Credit Suisse Group AG raised Rockwell Collins from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $92.00 to $120.00 in a research note on Monday, March 20th. Canaccord Genuity reaffirmed a “hold” rating and set a $90.00 target price on shares of Rockwell Collins in a research note on Thursday. Jefferies Group LLC reaffirmed a “hold” rating and set a $93.00 target price on shares of Rockwell Collins in a research note on Tuesday. Finally, Morgan Stanley raised Rockwell Collins from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $94.00 to $121.00 in a research note on Monday, March 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $99.50.
A number of institutional investors have recently added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position 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 worth $100,000 after buying an additional 1,000 shares during the period. CWM LLC boosted its position in Rockwell Collins by 71.5% in the first quarter. CWM LLC now owns 1,211 shares of the aerospace company’s stock worth $118,000 after buying an additional 505 shares during the period. Global X Management Co. LLC boosted its position in Rockwell Collins by 52.7% in the third quarter. Global X Management Co. LLC now owns 1,408 shares of the aerospace company’s stock worth $119,000 after buying an additional 486 shares during the period. SRB Corp boosted its position in Rockwell Collins by 15.3% in the third quarter. SRB Corp now owns 1,850 shares of the aerospace company’s stock worth $156,000 after buying an additional 246 shares during the period. Finally, Van ECK Associates Corp boosted its position in Rockwell Collins by 7.3% in the fourth quarter. Van ECK Associates Corp now owns 1,951 shares of the aerospace company’s stock worth $181,000 after buying an additional 132 shares during the period. Hedge funds and other institutional investors 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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