Rockwell Collins, Inc. (COL) Lowered to Neutral at Robert W. Baird

Robert W. Baird downgraded shares of Rockwell Collins, Inc. (NYSE:COL) from an outperform rating to a neutral rating in a report released on Wednesday, Marketbeat reports. They currently have $140.00 price target on the aerospace company’s stock.

A number of other equities analysts have also weighed in on the company. Credit Suisse Group reiterated a buy rating and set a $120.00 price objective on shares of Rockwell Collins in a research note on Wednesday, July 19th. Bank of America Corporation reduced their price objective on Rockwell Collins from $115.00 to $95.00 and set a neutral rating for the company in a research note on Friday, June 9th. Goldman Sachs Group, Inc. (The) set a $96.00 price objective on Rockwell Collins and gave the company a sell rating in a research note on Tuesday, August 1st. Morgan Stanley set a $135.00 price objective on Rockwell Collins and gave the company a buy rating in a research note on Thursday, August 17th. Finally, BidaskClub lowered Rockwell Collins from a buy rating to a hold rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Rockwell Collins has an average rating of Hold and a consensus price target of $122.34.

Shares of Rockwell Collins (COL) opened at 131.09 on Wednesday. Rockwell Collins has a 12-month low of $78.54 and a 12-month high of $135.31. The firm’s 50-day moving average price is $125.58 and its 200 day moving average price is $108.72. The company has a market cap of $21.30 billion, a price-to-earnings ratio of 26.02 and a beta of 0.75.

Rockwell Collins (NYSE:COL) last issued its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.06. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The firm’s quarterly revenue was up 57.0% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS. On average, analysts predict that Rockwell Collins will post $6.09 earnings per share for the current year.

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Rockwell Collins announced that its board has initiated a stock buyback program on Friday, July 7th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the aerospace company to repurchase up to 1.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 14th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, August 10th. Rockwell Collins’s payout ratio is 26.04%.

In other news, Director Harlan Donnley Meade acquired 1,666,667 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average cost of $0.06 per share, for a total transaction of $100,000.02. Over the last quarter, insiders purchased 1,678,667 shares of company stock worth $100,960. 1.50% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of COL. BlackRock Inc. boosted its holdings in Rockwell Collins by 3,360.5% in the 1st quarter. BlackRock Inc. now owns 8,849,135 shares of the aerospace company’s stock worth $859,783,000 after buying an additional 8,593,416 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Rockwell Collins by 27.0% in the 2nd quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock worth $1,683,340,000 after buying an additional 3,410,680 shares during the last quarter. Epoch Investment Partners Inc. boosted its holdings in Rockwell Collins by 186.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 2,028,189 shares of the aerospace company’s stock worth $213,122,000 after buying an additional 1,319,020 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Rockwell Collins by 76.0% in the 2nd quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock worth $315,130,000 after buying an additional 1,295,052 shares during the last quarter. Finally, State Street Corp boosted its holdings in Rockwell Collins by 21.9% in the 2nd quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock worth $750,304,000 after buying an additional 1,281,647 shares during the last quarter. Institutional investors own 77.86% 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.

Analyst Recommendations for Rockwell Collins (NYSE:COL)

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