Rockwell Collins (COL) Cut to “Hold” at Zacks Investment Research

Rockwell Collins (NYSE:COL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday, January 9th.

According to Zacks, “Rockwell Collins continues to be the foremost global supplier of communications and avionics equipment for both commercial and military customers. A diversified portfolio, comprising commercial and government customers, cushions it from risks of reduced orders from either customer group. Moreover, United Technologies has recently agreed to take over Rockwell Collins, which comes as good news for the latter’s shareholders, who are set to enjoy more than 7% premium in terms of share price.The company outperformed its broader industry in past one year. However, the company derives a major portion of its revenues from overseas, which exposes it to the risk of currency fluctuations. The stronger U.S. dollar has actually negatively impacted the company’s sales. As the company operates in a highly competitive market, it has to keep upgrading its technology, or else it can lose out to competitors developing better products.”

A number of other research analysts have also commented on COL. Sanford C. Bernstein lowered Rockwell Collins from an “outperform” rating to a “market perform” rating and set a $137.00 price objective on the stock. in a report on Monday, September 11th. Robert W. Baird lowered Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 price objective on the stock. in a report on Wednesday, September 13th. SunTrust Banks reissued a “hold” rating on shares of Rockwell Collins in a report on Monday, October 2nd. ValuEngine lowered Rockwell Collins from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $115.00 target price on shares of Rockwell Collins in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Rockwell Collins currently has a consensus rating of “Hold” and an average price target of $129.01.

Shares of Rockwell Collins (NYSE:COL) traded up $0.04 during mid-day trading on Tuesday, reaching $137.83. The company’s stock had a trading volume of 1,255,900 shares, compared to its average volume of 1,218,844. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.75 and a current ratio of 1.55. The firm has a market cap of $22,610.00, a price-to-earnings ratio of 28.83, a P/E/G ratio of 1.81 and a beta of 0.72. Rockwell Collins has a 12 month low of $88.80 and a 12 month high of $138.14.

Rockwell Collins (NYSE:COL) last issued its quarterly earnings data on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.80. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The firm’s revenue for the quarter was up 51.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.58 EPS. sell-side analysts forecast that Rockwell Collins will post 7.2 earnings per share for the current fiscal year.

In other Rockwell Collins news, CFO Patrick E. Allen sold 25,410 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $135.02, for a total value of $3,430,858.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert A. Sturgell sold 1,734 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $132.10, for a total value of $229,061.40. The disclosure for this sale can be found here. Insiders sold a total of 571,812 shares of company stock valued at $77,350,247 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. North Star Investment Management Corp. lifted its position in shares of Rockwell Collins by 1,010.1% during the 4th quarter. North Star Investment Management Corp. now owns 1,099 shares of the aerospace company’s stock worth $149,000 after buying an additional 1,000 shares during the period. Trust Co lifted its position in shares of Rockwell Collins by 27.9% during the 3rd quarter. Trust Co now owns 2,754 shares of the aerospace company’s stock worth $360,000 after buying an additional 600 shares during the period. Oak Point Wealth Management bought a new position in shares of Rockwell Collins during the 4th quarter worth approximately $182,000. Atlantic Trust Group LLC bought a new position in shares of Rockwell Collins during the 3rd quarter worth approximately $1,234,000. Finally, Parametric Portfolio Associates LLC lifted its position in shares of Rockwell Collins by 10.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 319,246 shares of the aerospace company’s stock worth $41,729,000 after buying an additional 30,909 shares during the period. Institutional investors and hedge funds own 72.22% of the company’s stock.

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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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