Traders Sell Shares of Rockwell Collins (COL) on Strength After Insider Selling
Traders sold shares of Rockwell Collins, Inc. (NYSE:COL) on strength during trading hours on Tuesday after an insider sold shares in the company. $12.51 million flowed into the stock on the tick-up and $94.02 million flowed out of the stock on the tick-down, for a money net flow of $81.51 million out of the stock. Of all equities tracked, Rockwell Collins had the 0th highest net out-flow for the day. Rockwell Collins traded up $0.06 for the day and closed at $134.89Specifically, VP Douglas E. Stenske sold 3,287 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $135.00, for a total value of $443,745.00. Following the completion of the transaction, the vice president now owns 8,776 shares of the company’s stock, valued at approximately $1,184,760. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Robert A. Sturgell sold 1,734 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $132.10, for a total value of $229,061.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 571,812 shares of company stock valued at $77,350,247. Insiders own 1.10% of the company’s stock.
A number of equities analysts have issued reports on the company. Wolfe Research cut Rockwell Collins from an “outperform” rating to a “peer perform” rating in a report on Wednesday, September 6th. Canaccord Genuity cut Rockwell Collins from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. SunTrust Banks reiterated a “hold” rating on shares of Rockwell Collins in a research report on Monday, October 2nd. Zacks Investment Research upgraded Rockwell Collins from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a research report on Monday, October 23rd. Finally, Vertical Research lowered Rockwell Collins from a “buy” rating to a “hold” rating and reduced their price target for the company from $143.00 to $140.00 in a research report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Rockwell Collins currently has a consensus rating of “Hold” and an average price target of $128.85.
The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 1.10. The company has a market cap of $22,032.71, a PE ratio of 22.49, a P/E/G ratio of 1.61 and a beta of 0.72.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 13th were given a dividend of $0.33 per share. The ex-dividend date was Friday, November 10th. This represents a $1.32 annualized dividend and a dividend yield of 0.98%. Rockwell Collins’s payout ratio is 27.62%.
Institutional investors have recently made changes to their positions in the stock. Fieldpoint Private Securities LLC bought a new stake in shares of Rockwell Collins during the 3rd quarter valued at about $100,000. FNY Partners Fund LP bought a new stake in shares of Rockwell Collins during the 3rd quarter valued at about $104,000. Jacobi Capital Management LLC boosted its position in shares of Rockwell Collins by 30.0% during the 2nd quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 231 shares in the last quarter. Highlander Capital Management LLC boosted its position in shares of Rockwell Collins by 106.0% during the 2nd quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 527 shares in the last quarter. Finally, Sun Life Financial INC boosted its position in shares of Rockwell Collins by 16,857.1% during the 2nd quarter. Sun Life Financial INC now owns 1,187 shares of the aerospace company’s stock valued at $125,000 after purchasing an additional 1,180 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.
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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