Is Buying Rockwell Collins, Inc. (COL) Here a Winning Strategy? The Stock Formed Double Top

June 14, 2018 - By Ash

Rockwell Collins, Inc. (NYSE:COL) Logo

Investors sentiment increased to 0.75 in 2018 Q1. Its up 0.02, from 0.73 in 2017Q4. It increased, as 50 investors sold Rockwell Collins, Inc. shares while 202 reduced holdings. 50 funds opened positions while 140 raised stakes. 104.39 million shares or 0.48% more from 103.89 million shares in 2017Q4 were reported.
Vanguard Gp reported 16.47M shares. Jpmorgan Chase And has 1.05M shares for 0.03% of their portfolio. P Schoenfeld Asset Mngmt Lp reported 524,055 shares. Moreover, Weatherly Asset Mgmt Lp has 0.09% invested in Rockwell Collins, Inc. (NYSE:COL) for 2,683 shares. Nuveen Asset Management Llc, a Illinois-based fund reported 5,087 shares. Farr Miller And Washington Ltd Llc Dc holds 0.02% or 1,707 shares in its portfolio. Vident Advisory Ltd Liability Co reported 6,455 shares stake. Renaissance Technology Ltd Company owns 465,700 shares. Thrivent Fincl For Lutherans has invested 0% in Rockwell Collins, Inc. (NYSE:COL). City Holding holds 0% or 100 shares. Hutchinson Cap Mngmt Ca holds 0.33% in Rockwell Collins, Inc. (NYSE:COL) or 8,387 shares. Louisiana State Employees Retirement System stated it has 0.06% in Rockwell Collins, Inc. (NYSE:COL). Steinberg Asset Mngmt Limited Liability Corporation reported 1,629 shares. 25,890 are held by Mountain Pacific Investment Advisers Id. Shelton Capital Mngmt accumulated 2,479 shares.

Since December 18, 2017, it had 0 insider buys, and 2 insider sales for $3.87 million activity. ALLEN PATRICK E sold $3.43 million worth of stock or 25,410 shares.

The chart of Rockwell Collins, Inc. (COL) shows a double top with $147.35 target or 7.00 % above today’s $137.71 share price. The 6 months chart pattern indicates low risk for the $22.62B company. It was reported on Jun, 14 by Finviz.com. If the $147.35 price target is reached, the company will be worth $1.58B more. Double tops are rare but powerful chart patterns.

The stock increased 0.05% or $0.07 during the last trading session, reaching $137.71. About 716,524 shares traded. Rockwell Collins, Inc. (NYSE:COL) has risen 29.17% since June 14, 2017 and is uptrending. It has outperformed by 16.60% the S&P500.

Analysts await Rockwell Collins, Inc. (NYSE:COL) to report earnings on July, 27. They expect $1.89 EPS, up 15.24 % or $0.25 from last year’s $1.64 per share. COL’s profit will be $310.39 million for 18.22 P/E if the $1.89 EPS becomes a reality. After $1.81 actual EPS reported by Rockwell Collins, Inc. for the previous quarter, Wall Street now forecasts 4.42 % EPS growth.

Rockwell Collins, Inc. (NYSE:COL) Ratings Coverage

Among 4 analysts covering Rockwell Collins (NYSE:COL), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Rockwell Collins has $151.0 highest and $137 lowest target. $140’s average target is 1.66% above currents $137.71 stock price. Rockwell Collins had 5 analyst reports since January 8, 2018 according to SRatingsIntel. Jefferies maintained the shares of COL in report on Monday, January 8 with “Hold” rating. Canaccord Genuity maintained Rockwell Collins, Inc. (NYSE:COL) rating on Tuesday, January 30. Canaccord Genuity has “Hold” rating and $137 target. On Tuesday, January 23 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock of Rockwell Collins, Inc. (NYSE:COL) has “Market Perform” rating given on Tuesday, January 16 by Wells Fargo. RBC Capital Markets maintained Rockwell Collins, Inc. (NYSE:COL) on Friday, April 6 with “Hold” rating.

More recent Rockwell Collins, Inc. (NYSE:COL) news were published by: Seekingalpha.com which released: “You’re Better Off Sitting On The Sidelines In The United Technologies And Rockwell Collins Deal” on June 05, 2018. Also Seekingalpha.com published the news titled: “Wesco Aircraft renews multi-year agreement with Rockwell Collins” on June 04, 2018. Seekingalpha.com‘s news article titled: “Cisco Is A High Quality Stock – Cramer’s Lightning Round (6/8/18)” with publication date: June 11, 2018 was also an interesting one.

Rockwell Collins, Inc. designs, produces, and supports communications and aviation systems worldwide. The company has market cap of $22.62 billion. The Company’s Commercial Systems segment provides integrated avionics systems; cabin management systems; data link, high frequency, very high frequency, and satellite communications systems; landing sensors, radio navigation, and geophysical sensors, as well as flight management systems; situational awareness and surveillance systems and products; integrated flight controls; simulation and training systems; and maintenance, repair, parts, and after-sales support services, as well as aftermarket used equipment. It has a 25.52 P/E ratio. This segment serves original equipment manufacturers of commercial air transport, business and regional aircraft, commercial airlines, and business aircraft operators.

Rockwell Collins, Inc. (NYSE:COL) Institutional Positions Chart

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