Rockwell Collins, Inc. (COL) CFO Patrick E. Allen Sells 4,000 Shares
Rockwell Collins, Inc. (NYSE:COL) CFO Patrick E. Allen sold 4,000 shares of Rockwell Collins stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $98.34, for a total transaction of $393,360.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Patrick E. Allen also recently made the following trade(s):
- On Wednesday, March 15th, Patrick E. Allen sold 4,000 shares of Rockwell Collins stock. The shares were sold at an average price of $98.38, for a total transaction of $393,520.00.
Rockwell Collins, Inc. (NYSE:COL) traded up 1.09% during trading on Monday, reaching $99.62. 679,532 shares of the company’s stock traded hands. The company has a market cap of $13.03 billion, a PE ratio of 17.81 and a beta of 0.79. The company has a 50 day moving average price of $94.31 and a 200-day moving average price of $89.31. Rockwell Collins, Inc. has a 12-month low of $78.54 and a 12-month high of $99.85.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings data on Friday, January 20th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.15 by $0.05. Rockwell Collins had a net margin of 13.97% and a return on equity of 35.84%. The firm had revenue of $1.19 billion for the quarter. During the same quarter in the prior year, the company posted $1.00 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Rockwell Collins, Inc. will post $5.40 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 6th. Stockholders of record on Monday, February 13th were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $1.32 annualized dividend and a dividend yield of 1.34%. Rockwell Collins’s dividend payout ratio is currently 23.57%.
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COL has been the topic of several research reports. Wolfe Research initiated coverage on shares of Rockwell Collins in a report on Wednesday, November 23rd. They set an “outperform” rating on the stock. Deutsche Bank AG lifted their price objective on shares of Rockwell Collins from $98.00 to $105.00 and gave the company a “buy” rating in a report on Monday, December 5th. Zacks Investment Research raised shares of Rockwell Collins from a “sell” rating to a “hold” rating in a report on Friday, December 16th. Seaport Global Securities initiated coverage on shares of Rockwell Collins in a report on Wednesday, December 21st. They set a “neutral” rating and a $100.00 price objective on the stock. Finally, Royal Bank of Canada initiated coverage on shares of Rockwell Collins in a report on Thursday, January 12th. They set a “sector perform” rating and a $98.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $99.08.
Several institutional investors have recently modified their holdings of the company. Westport Asset Management Inc. bought a new position in shares of Rockwell Collins during the fourth quarter valued at approximately $1,020,000. Norges Bank acquired a new stake in Rockwell Collins during the fourth quarter worth about $92,839,000. I.G. Investment Management LTD. raised its stake in Rockwell Collins by 9,081.4% in the fourth quarter. I.G. Investment Management LTD. now owns 863,050 shares of the company’s stock worth $80,057,000 after buying an additional 853,650 shares during the period. Numeric Investors LLC raised its stake in Rockwell Collins by 25.0% in the fourth quarter. Numeric Investors LLC now owns 3,000 shares of the company’s stock worth $278,000 after buying an additional 600 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in Rockwell Collins by 10.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 154,658 shares of the company’s stock worth $14,346,000 after buying an additional 14,590 shares during the period. Hedge funds and other institutional investors 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.
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