Rockwell Collins, Inc. (COL) Cut to “Hold” at Vertical Research
Vertical Research downgraded shares of Rockwell Collins, Inc. (NYSE:COL) from a buy rating to a hold rating in a report issued on Tuesday. Vertical Research currently has $140.00 price objective on the aerospace company’s stock, down from their prior price objective of $143.00.
Several other 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, May 22nd. Sanford C. Bernstein initiated coverage on shares of Rockwell Collins in a research note on Thursday, May 25th. They issued an outperform rating and a $129.00 price objective on the stock. Royal Bank Of Canada reissued a hold rating and issued a $114.00 price objective on shares of Rockwell Collins in a research note on Friday, May 26th. Bank of America Corporation reduced their price objective on shares of Rockwell Collins from $115.00 to $95.00 and set a neutral rating on the stock in a research note on Friday, June 9th. Finally, ValuEngine raised shares of Rockwell Collins from a hold rating to a buy rating in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Hold and an average target price of $120.91.
Rockwell Collins (NYSE:COL) opened at 131.35 on Tuesday. The company has a market capitalization of $21.34 billion, a price-to-earnings ratio of 26.07 and a beta of 0.75. Rockwell Collins has a 52-week low of $78.54 and a 52-week high of $135.31. The stock has a 50 day moving average price of $121.88 and a 200 day moving average price of $107.24.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.06. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the firm posted $1.63 earnings per share. Rockwell Collins’s revenue for the quarter was up 57.0% on a year-over-year basis. Analysts anticipate that Rockwell Collins will post $6.09 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.00%. Rockwell Collins’s dividend payout ratio (DPR) is presently 26.04%.
Rockwell Collins declared that its board has initiated a share buyback program on Friday, July 7th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the aerospace company to reacquire up to 1.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Hedge funds have recently added to or reduced their stakes in the company. NEXT Financial Group Inc boosted its position in shares of Rockwell Collins by 35.7% during the 2nd quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock worth $100,000 after purchasing an additional 250 shares in the last quarter. Jacobi Capital Management LLC raised its holdings in shares of Rockwell Collins by 30.0% in the 2nd quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock worth $108,000 after acquiring an additional 231 shares during the last quarter. Highlander Capital Management LLC raised its holdings in shares of Rockwell Collins by 106.0% in the 2nd quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock worth $108,000 after acquiring an additional 527 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Rockwell Collins by 3.2% in the 2nd quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock worth $120,000 after acquiring an additional 35 shares during the last quarter. Finally, Global X Management Co. LLC raised its holdings in shares of Rockwell Collins by 31.1% in the 1st quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock worth $114,000 after acquiring an additional 278 shares during the last quarter. 77.86% of the stock is currently owned by institutional investors.
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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