Rockwell Collins (NYSE:COL) was downgraded by investment analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a report issued on Tuesday.
Several other research firms have also recently weighed in on COL. Zacks Investment Research cut Rockwell Collins from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Royal Bank of Canada reissued a “hold” rating and set a $140.00 price objective on shares of Rockwell Collins in a research report on Tuesday, October 10th. SunTrust Banks reissued a “hold” rating on shares of Rockwell Collins in a research report on Monday, October 2nd. ValuEngine cut 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 price target on shares of Rockwell Collins in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $129.01.
Rockwell Collins (NYSE COL) traded up $0.20 during midday trading on Tuesday, hitting $136.85. The company had a trading volume of 1,113,800 shares, compared to its average volume of 1,245,627. Rockwell Collins has a fifty-two week low of $88.80 and a fifty-two week high of $138.19. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 1.10. The firm has a market cap of $22,500.00, a PE ratio of 28.63, a PEG ratio of 1.80 and a beta of 0.72.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, October 27th. The aerospace company reported $1.80 earnings per share for the quarter, hitting the consensus estimate of $1.80. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the firm earned $1.58 EPS. The firm’s revenue was up 51.8% compared to the same quarter last year. sell-side analysts predict that Rockwell Collins will post 7.17 earnings per share for the current fiscal year.
In related news, VP Robert A. Sturgell sold 1,734 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $132.10, for a total transaction of $229,061.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert Kelly Ortberg sold 395,110 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $135.35, for a total value of $53,478,138.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 571,812 shares of company stock worth $77,350,247. Corporate insiders own 1.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Benin Management CORP grew its position in Rockwell Collins by 178.2% during the 4th quarter. Benin Management CORP now owns 10,865 shares of the aerospace company’s stock worth $1,474,000 after acquiring an additional 6,960 shares during the last quarter. Havens Advisors LLC grew its position in Rockwell Collins by 210.6% during the 4th quarter. Havens Advisors LLC now owns 52,800 shares of the aerospace company’s stock worth $7,161,000 after acquiring an additional 35,800 shares during the last quarter. CAPROCK Group Inc. bought a new stake in Rockwell Collins during the 4th quarter worth approximately $227,000. Schwab Charles Investment Management Inc. grew its position in Rockwell Collins by 2.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 558,291 shares of the aerospace company’s stock worth $75,716,000 after acquiring an additional 13,966 shares during the last quarter. Finally, CrestPoint Capital Management LLC bought a new stake in Rockwell Collins during the 4th quarter worth approximately $203,000. 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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