Brokerages Set Rockwell Collins Inc. (NYSE:COL) PT at $91.00
Shares of Rockwell Collins Inc. (NYSE:COL) have earned an average rating of “Hold” from the fifteen ratings firms that are currently covering the firm. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $91.00.
Several brokerages have recently weighed in on COL. Jefferies Group reissued a “hold” rating on shares of Rockwell Collins in a research note on Tuesday, July 5th. Buckingham Research reissued a “buy” rating and issued a $97.00 price target (down previously from $101.00) on shares of Rockwell Collins in a research note on Wednesday. Zacks Investment Research raised Rockwell Collins from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Argus cut Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Finally, Robert W. Baird began coverage on Rockwell Collins in a research note on Wednesday. They issued a “neutral” rating and a $90.00 price target for the company.
Shares of Rockwell Collins (NYSE:COL) opened at 82.73 on Thursday. The company has a market cap of $10.75 billion, a PE ratio of 15.59 and a beta of 0.73. The firm has a 50-day moving average price of $83.81 and a 200 day moving average price of $86.91. Rockwell Collins has a 1-year low of $76.03 and a 1-year high of $95.11.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings results on Monday, July 25th. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.04. The company earned $1.33 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Rockwell Collins had a return on equity of 37.06% and a net margin of 13.54%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 earnings per share. On average, equities analysts anticipate that Rockwell Collins will post $5.50 earnings per share for the current year.
In other news, CEO Robert Kelly Ortberg sold 25,474 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Bruce Michael King sold 3,174 shares of the firm’s stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $85.48, for a total value of $271,313.52. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of COL. Cacti Asset Management LLC raised its stake in shares of Rockwell Collins by 1.7% in the third quarter. Cacti Asset Management LLC now owns 365,893 shares of the company’s stock worth $30,859,000 after buying an additional 6,000 shares during the period. Macquarie Group Ltd. raised its stake in shares of Rockwell Collins by 7.5% in the second quarter. Macquarie Group Ltd. now owns 287,674 shares of the company’s stock worth $24,493,000 after buying an additional 20,148 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Rockwell Collins during the second quarter worth approximately $448,000. Kentucky Retirement Systems acquired a new stake in shares of Rockwell Collins during the second quarter worth approximately $943,000. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in shares of Rockwell Collins by 48.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 550,314 shares of the company’s stock worth $46,854,000 after buying an additional 179,847 shares during the period. Institutional investors own 76.45% of the company’s stock.
Rockwell Collins Company Profile
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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