Rockwell Collins Inc. (COL) Shares Gap Up to $84.13
Shares of 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 trading hands.
COL has been the subject of a number of analyst reports. Zacks Investment Research raised Rockwell Collins from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Monday, June 27th. Morgan Stanley initiated coverage on Rockwell Collins in a research note on Thursday, June 23rd. They issued an “equal weight” rating for the company. Jefferies Group reaffirmed a “hold” rating on shares of Rockwell Collins in a research note on Tuesday, July 5th. Argus lowered Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Finally, Canaccord Genuity lowered Rockwell Collins from a “buy” rating to a “hold” rating and dropped their price target for the stock from $100.00 to $94.00 in a research note on Tuesday, July 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $92.17.
The company has a market capitalization of $11.05 billion and a PE ratio of 16.03. The firm’s 50-day moving average is $84.84 and its 200 day moving average is $87.78.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Monday, July 25th. The company reported $1.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.04. During the same period last year, the company earned $1.33 EPS. The business earned $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. The business’s revenue was up 2.9% compared to the same quarter last year. Analysts anticipate that Rockwell Collins Inc. will post $5.50 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Monday, August 15th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, August 11th.
In other Rockwell Collins news, COO Philip J. Jasper sold 2,184 shares of the company’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $85.00, for a total value of $185,640.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert Kelly Ortberg sold 25,474 shares of the company’s stock in a transaction on Monday, July 11th. The shares were 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.
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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