Zacks Investment Research Upgrades Rockwell Collins (COL) to Buy

Zacks Investment Research upgraded shares of Rockwell Collins (NYSE:COL) from a hold rating to a buy rating in a research report released on Wednesday. They currently have $151.00 price objective on the aerospace company’s stock.

According to Zacks, “Rockwell Collins started off fiscal 2018 on an impressive note. The company’s fiscal first quarter earnings as well as revenues comfortably exceeded the respective Zacks Consensus Estimate. Rockwell Collins continues to be the foremost global supplier of communications and avionics equipment for both commercial and military customers. 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. An improving liquidity position enables Rockwell Collins to pursue several investor-friendly practices, including share buyback and payment of regular dividend. However, the company derives a major portion of its revenues from overseas, which exposes it to the risk of currency fluctuations.”

Other equities analysts have also issued reports about the company. Royal Bank of Canada set a $151.00 price objective on Rockwell Collins and gave the stock a hold rating in a research note on Wednesday, January 24th. ValuEngine upgraded Rockwell Collins from a hold rating to a buy rating in a research note on Friday, February 2nd. Canaccord Genuity dropped their price objective on Rockwell Collins from $140.00 to $137.00 and set a hold rating on the stock in a research note on Tuesday, January 30th. Wells Fargo & Co lowered Rockwell Collins from an outperform rating to a market perform rating in a research note on Tuesday, January 16th. Finally, Credit Suisse Group lowered Rockwell Collins from an outperform rating to a neutral rating and set a $140.00 price objective on the stock. in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Rockwell Collins currently has an average rating of Hold and a consensus target price of $133.83.

Rockwell Collins (NYSE COL) opened at $136.58 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.56 and a quick ratio of 0.73. The company has a market capitalization of $22,174.92, a PE ratio of 25.43, a PEG ratio of 1.79 and a beta of 0.72. Rockwell Collins has a 12 month low of $93.11 and a 12 month high of $139.63.

Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, January 26th. The aerospace company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.06. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2 billion. Rockwell Collins had a return on equity of 19.58% and a net margin of 10.99%. The firm’s revenue for the quarter was up 68.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share. research analysts predict that Rockwell Collins will post 7.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Monday, February 12th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, February 9th. Rockwell Collins’s payout ratio is 24.58%.

In other Rockwell Collins news, CFO Patrick E. Allen sold 25,410 shares of Rockwell Collins stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $135.02, for a total transaction of $3,430,858.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Douglas E. Stenske sold 3,287 shares of Rockwell Collins stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $135.00, for a total value of $443,745.00. Following the sale, the vice president now directly owns 8,776 shares in the company, valued at $1,184,760. The disclosure for this sale can be found here. Insiders have sold 36,331 shares of company stock worth $4,891,757 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fieldpoint Private Securities LLC acquired a new stake in Rockwell Collins during the third quarter valued at approximately $100,000. FNY Partners Fund LP acquired a new stake in Rockwell Collins during the third quarter valued at approximately $104,000. Tower Research Capital LLC TRC acquired a new stake in Rockwell Collins during the fourth quarter valued at approximately $118,000. Cerebellum GP LLC acquired a new stake in Rockwell Collins during the fourth quarter valued at approximately $130,000. Finally, Keeler Thomas Management LLC acquired a new stake in Rockwell Collins during the fourth quarter valued at approximately $135,000. 70.13% of the stock is currently owned by institutional investors.

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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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