Rockwell Collins, Inc. (NYSE:COL) announced a quarterly dividend on Wednesday, April 19th. Investors of record on Monday, May 15th will be paid a dividend of 0.33 per share by the aerospace company on Monday, June 5th. This represents a $1.32 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 11th.
Rockwell Collins has increased its dividend by an average of 3.2% annually over the last three years and has raised its dividend every year for the last 2 years. Rockwell Collins has a payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Rockwell Collins to earn $6.94 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 19.0%.
Shares of Rockwell Collins (NYSE:COL) traded up 0.59% during trading on Friday, hitting $102.65. 1,057,681 shares of the stock were exchanged. The stock’s 50 day moving average is $101.68 and its 200-day moving average is $94.92. The stock has a market cap of $16.67 billion, a price-to-earnings ratio of 18.42 and a beta of 0.79. Rockwell Collins has a 12-month low of $78.54 and a 12-month 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 Zacks’ consensus estimate of $1.31 by $0.03. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Rockwell Collins had a return on equity of 35.84% and a net margin of 13.97%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $1.30 EPS. Equities research analysts anticipate that Rockwell Collins will post $6.06 EPS for the current year.
Several research firms recently weighed in on COL. Barclays PLC lifted their price target on Rockwell Collins from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Tuesday, April 25th. Zacks Investment Research upgraded Rockwell Collins from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research note on Wednesday, April 26th. Deutsche Bank AG lifted their price objective on Rockwell Collins from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, April 24th. Goldman Sachs Group Inc restated a “sell” rating and issued a $91.00 price target on shares of Rockwell Collins in a research note on Tuesday, April 25th. Finally, Cowen and Company boosted their price target on Rockwell Collins from $112.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $107.93.
In other news, COO Philip J. Jasper sold 7,311 shares of Rockwell Collins stock in a transaction that occurred on Friday, March 24th. The shares were sold at an average price of $97.21, for a total transaction of $710,702.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Colin R. Mahoney sold 770 shares of Rockwell Collins stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $98.78, for a total transaction of $76,060.60. Following the sale, the vice president now directly owns 11,290 shares in the company, valued at approximately $1,115,226.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 32,000 shares of company stock worth $2,820 and have sold 70,336 shares worth $6,990,703. Insiders own 1.50% of the company’s stock.
Rockwell Collins Company Profile
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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