Rockwell Collins Inc. (NYSE:COL) gapped up before the market opened on Friday . The stock had previously closed at $83.75, but opened at $84.13. Rockwell Collins shares last traded at $85.19, with a volume of 405,733 shares traded.

A number of equities research analysts have recently issued reports on COL shares. Morgan Stanley started coverage on Rockwell Collins in a research report on Thursday, June 23rd. They set an “equal weight” rating on the stock. Zacks Investment Research raised Rockwell Collins from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Monday, June 27th. Jefferies Group reaffirmed a “hold” rating on shares of Rockwell Collins in a research report on Tuesday, July 5th. Canaccord Genuity downgraded Rockwell Collins from a “buy” rating to a “hold” rating and lowered their price target for the company from $100.00 to $94.00 in a report on Tuesday, July 26th. Finally, Argus downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a report on Friday, August 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $92.17.

The stock has a 50 day moving average of $84.84 and a 200-day moving average of $87.78. The company has a market capitalization of $11.05 billion and a P/E ratio of 16.03.

Rockwell Collins (NYSE:COL) last posted its quarterly earnings results on Monday, July 25th. The company reported $1.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.04. During the same period last year, the company earned $1.33 EPS. The company earned $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts expect that Rockwell Collins Inc. will post $5.50 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Monday, August 15th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Thursday, August 11th.

In related news, VP Bruce Michael King sold 3,174 shares of the firm’s stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $85.48, for a total transaction of $271,313.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert Kelly Ortberg sold 25,474 shares of the firm’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $84.97, for a total value of $2,164,525.78. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Rockwell Collins stock. BNP Paribas Arbitrage SA raised its stake in Rockwell Collins Inc. (NYSE:COL) by 34.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,926 shares of the company’s stock after buying an additional 18,347 shares during the period. BNP Paribas Arbitrage SA owned 0.05% of Rockwell Collins worth $6,639,000 at the end of the most recent quarter.

Rockwell Collins, Inc is engaged in design, production and support of communications and aviation electronics for commercial and military customers around the world. The Company’s products and systems are focused on aviation applications. It operates in two segments: Government Systems and Commercial Systems.

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