Rockwell Collins, Inc. (COL) Started Coverage by Analysts at Sanford C. Bernstein

Rockwell Collins, Inc. (COL) Started Coverage by Analysts at Sanford C. Bernstein

Sanford C. Bernstein initiated coverage on shares of Rockwell Collins, Inc. (NYSE:COL) in a research note released on Thursday morning. The brokerage issued an outperform rating and a $129.00 target price on the aerospace company’s stock.

A number of other analysts also recently issued reports on the stock. Credit Suisse Group AG raised shares of Rockwell Collins from a neutral rating to an outperform rating and boosted their price objective for the company from $92.00 to $120.00 in a report on Monday, March 20th. Morgan Stanley raised shares of Rockwell Collins from an equal weight rating to an overweight rating and boosted their price objective for the company from $94.00 to $121.00 in a report on Monday, March 13th. Deutsche Bank AG boosted their price objective on shares of Rockwell Collins from $115.00 to $125.00 and gave the company a buy rating in a report on Monday, April 24th. Barclays PLC reissued an outperform rating and issued a $59.00 price objective (down previously from $96.00) on shares of Rockwell Collins in a report on Friday, April 14th. Finally, Zacks Investment Research raised shares of Rockwell Collins from a hold rating to a buy rating and set a $108.00 price objective for the company in a report on Monday, March 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Rockwell Collins currently has a consensus rating of Buy and a consensus target price of $111.19.

Rockwell Collins (COL) opened at 107.23 on Thursday. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of 19.24 and a beta of 0.79. Rockwell Collins has a 52-week low of $78.54 and a 52-week high of $107.90. The company has a 50-day moving average of $103.00 and a 200 day moving average of $96.15.

Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, April 21st. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.03. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Rockwell Collins had a net margin of 13.97% and a return on equity of 35.84%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.30 EPS. On average, equities research analysts anticipate that Rockwell Collins will post $6.06 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 5th. Stockholders of record on Monday, May 15th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, May 11th. Rockwell Collins’s dividend payout ratio (DPR) is presently 23.57%.

In related news, CEO Robert Kelly Ortberg sold 18,850 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $98.84, for a total transaction of $1,863,134.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Bruce Michael King sold 2,735 shares of the company’s stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $100.00, for a total transaction of $273,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 36,000 shares of company stock valued at $3,180 and have sold 70,336 shares valued at $6,990,703. Corporate insiders own 1.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Montecito Bank & Trust boosted its position in Rockwell Collins by 0.5% in the first quarter. Montecito Bank & Trust now owns 2,666 shares of the aerospace company’s stock worth $259,000 after buying an additional 12 shares in the last quarter. United Capital Financial Advisers LLC boosted its position in Rockwell Collins by 0.3% in the first quarter. United Capital Financial Advisers LLC now owns 5,783 shares of the aerospace company’s stock worth $562,000 after buying an additional 17 shares in the last quarter. Cleararc Capital Inc. boosted its position in Rockwell Collins by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the aerospace company’s stock worth $311,000 after buying an additional 28 shares in the last quarter. Sigma Planning Corp boosted its position in Rockwell Collins by 1.0% in the first quarter. Sigma Planning Corp now owns 3,140 shares of the aerospace company’s stock worth $305,000 after buying an additional 31 shares in the last quarter. Finally, Azimuth Capital Management LLC boosted its position in Rockwell Collins by 0.5% in the first quarter. Azimuth Capital Management LLC now owns 7,979 shares of the aerospace company’s stock worth $775,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 78.40% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “COL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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