Robert W. Baird Begins Coverage on Rockwell Collins Inc. (COL)
Robert W. Baird assumed coverage on shares of Rockwell Collins Inc. (NYSE:COL) in a research note issued to investors on Wednesday. The firm issued a neutral rating and a $90.00 target price on the stock.
A number of other research analysts have also recently issued reports on the stock. Buckingham Research reiterated a buy rating and issued a $97.00 target price (down previously from $101.00) on shares of Rockwell Collins in a research note on Wednesday, October 5th. Zacks Investment Research cut shares of Rockwell Collins from a hold rating to a sell rating in a research report on Tuesday, October 4th. Argus cut shares of Rockwell Collins from a buy rating to a hold rating in a research report on Friday, August 26th. Jefferies Group restated a hold rating and issued a $92.00 price objective on shares of Rockwell Collins in a research report on Wednesday, August 10th. Finally, Canaccord Genuity cut shares of Rockwell Collins from a buy rating to a hold rating and dropped their price objective for the stock from $100.00 to $94.00 in a research report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Rockwell Collins presently has a consensus rating of Hold and a consensus target price of $91.42.
Shares of Rockwell Collins (NYSE:COL) opened at 82.73 on Wednesday. Rockwell Collins has a 52-week low of $76.03 and a 52-week high of $95.11. The firm has a market capitalization of $10.75 billion, a PE ratio of 15.59 and a beta of 0.73. The company has a 50-day moving average price of $83.81 and a 200 day moving average price of $86.91.
Rockwell Collins (NYSE:COL) last posted its earnings results on Monday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. Rockwell Collins had a net margin of 13.54% and a return on equity of 37.06%. The company earned $1.33 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. Rockwell Collins’s quarterly revenue was up 2.9% compared to the same quarter last year. Analysts expect that Rockwell Collins will post $5.50 EPS for the current fiscal year.
In other news, VP Bruce Michael King sold 3,174 shares of the business’s stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $85.48, for a total value of $271,313.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp raised its position in shares of Rockwell Collins by 31.8% in the second quarter. Van ECK Associates Corp now owns 1,340 shares of the company’s stock valued at $114,000 after buying an additional 323 shares during the period. Cantab Capital Partners LLP raised its position in shares of Rockwell Collins by 1,109.2% in the second quarter. Cantab Capital Partners LLP now owns 1,451 shares of the company’s stock worth $124,000 after buying an additional 1,331 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in shares of Rockwell Collins by 64.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,595 shares of the company’s stock worth $136,000 after buying an additional 623 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Rockwell Collins by 0.9% in the first quarter. Stratos Wealth Partners LTD. now owns 2,185 shares of the company’s stock worth $202,000 after buying an additional 20 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd bought a new position in shares of Rockwell Collins during the second quarter worth $193,000. 76.45% of the stock is owned by institutional investors.
About Rockwell Collins
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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