Rockwell Collins, Inc. (COL) VP Jeffrey D. Maclauchlan Sells 7,634 Shares of Stock
Rockwell Collins, Inc. (NYSE:COL) VP Jeffrey D. Maclauchlan sold 7,634 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $133.24, for a total value of $1,017,154.16. Following the sale, the vice president now owns 9,179 shares in the company, valued at $1,223,009.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Rockwell Collins, Inc. (NYSE COL) traded up $0.20 during midday trading on Wednesday, hitting $133.04. The stock had a trading volume of 1,169,200 shares, compared to its average volume of 1,781,451. Rockwell Collins, Inc. has a 1-year low of $88.80 and a 1-year high of $136.50. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 1.10. The company has a market cap of $21,640.25, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 1.59 and a beta of 0.72.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings results on Friday, October 27th. The aerospace company reported $1.80 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.80. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the business earned $1.58 EPS. The business’s quarterly revenue was up 51.8% on a year-over-year basis. research analysts forecast that Rockwell Collins, Inc. will post 7.18 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 13th were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.99%. Rockwell Collins’s dividend payout ratio (DPR) is 27.62%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. AXA increased its holdings in shares of Rockwell Collins by 5.4% in the 3rd quarter. AXA now owns 174,350 shares of the aerospace company’s stock valued at $22,789,000 after acquiring an additional 8,905 shares during the last quarter. Institutional & Family Asset Management LLC bought a new stake in shares of Rockwell Collins in the 3rd quarter valued at approximately $236,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Rockwell Collins in the 3rd quarter valued at approximately $306,000. Belpointe Asset Management LLC acquired a new position in Rockwell Collins during the 3rd quarter valued at approximately $343,000. Finally, IFM Investors Pty Ltd acquired a new position in Rockwell Collins during the 3rd quarter valued at approximately $632,000. Institutional investors and hedge funds own 72.80% of the company’s stock.
Several research firms have issued reports on COL. Canaccord Genuity downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Wolfe Research downgraded Rockwell Collins from an “outperform” rating to a “peer perform” rating in a report on Wednesday, September 6th. BidaskClub upgraded Rockwell Collins from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. SunTrust Banks restated a “hold” rating on shares of Rockwell Collins in a report on Monday, October 2nd. Finally, Zacks Investment Research upgraded Rockwell Collins from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $128.85.
About Rockwell Collins
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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