United Technologies to acquire Rockwell Collins

United Technologies to acquire Rockwell Collins”

If the company's share price does not reflect its value, he said, "we'll need to do something". (NYSE:COL) shares saw heavy trading volume with 1,532K shares changing hands by the end of trading on Tuesday.

Traders are more bearish of late if you watch the uptick in short interest. It plans to continue a dividend program representing a payout of 35 percent to 40 percent of its profit. Alyeska Investment Group, L.p. augmented its ownership by buying 559,972 shares an increase of 331.4% in the quarter. On average, equities analysts predict that Rockwell Collins, Inc. will post $6.09 EPS for the current year. The correct version of this report can be read at

The companies expect the deal to close by the third quarter next year, subject to approval by Rockwell Collins' shareowners, as well as other customary closing conditions, including the receipt of required regulatory approvals. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock's average target of $114.31 is -13.70% below today's ($132.45) share price. Equity analyst Bernstein starting coverage on the stock by announcing an initial rating of "Outperform".

In Tuesday's premarket session, UTC stock traded down about 3.5%, at $113.85 in a 52-week range of $97.62 to $124.79. The dividend payment was $0.330 per share for the quarter which comes to $1.32 on an annualized basis. The dividend yield will be $1.03. The ex-dividend date of this dividend is Thursday, August 10th.

Company chares are trading at $130.61 which is a tad above $119.83, the 50 day moving average and which is quite a bit above the 200 day moving average of $106.33. Plenty of signs exist that UTC might top tick the market by buying Rockwell Collins at a rich multiple. A combined Rockwell/UTAS unit would generate $23 billion in 2017 revenue-75 percent from commercial business and the remainder from defense work.

Rockwell Collins, based in Cedar Rapids, Iowa, makes airline cabin seating and lighting, food and beverage preparation and storage equipment, water and waste systems and aircraft bathrooms and equipment. The Firm provides information management services through voice and data communication networks and solutions across the world. Management projects the combined company to produce $1 billion in free cash flow in the first three years which is a considerable improvement on the $196 million Fuller generated in 2016. The company also owned helicopter manufacturer Sikorsky until 2015.

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