Eagle Asset Management Inc. cut its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 43.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,748 shares of the aerospace company’s stock after selling 15,126 shares during the period. Eagle Asset Management Inc.’s holdings in Rockwell Collins were worth $2,596,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jacobi Capital Management LLC grew its position in Rockwell Collins by 30.0% during the second quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock valued at $108,000 after acquiring an additional 231 shares during the last quarter. Highlander Capital Management LLC grew its position in Rockwell Collins by 106.0% during the second quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock valued at $108,000 after acquiring an additional 527 shares during the last quarter. Sun Life Financial INC grew its position in Rockwell Collins by 16,857.1% during the second quarter. Sun Life Financial INC now owns 1,187 shares of the aerospace company’s stock valued at $125,000 after acquiring an additional 1,180 shares during the last quarter. Acrospire Investment Management LLC bought a new position in Rockwell Collins during the second quarter valued at approximately $137,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Rockwell Collins during the third quarter valued at approximately $178,000. Hedge funds and other institutional investors own 72.80% of the company’s stock.
In other news, VP Jeffrey D. Maclauchlan sold 7,634 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $133.24, for a total transaction of $1,017,154.16. Following the completion of the transaction, the vice president now directly owns 9,179 shares in the company, valued at $1,223,009.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Tatum J. Buse sold 19,170 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $135.36, for a total value of $2,594,851.20. Following the transaction, the vice president now owns 3,722 shares of the company’s stock, valued at $503,809.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 543,115 shares of company stock valued at $73,475,644. 1.50% of the stock is owned by corporate insiders.
A number of research analysts have commented on the stock. Royal Bank Of Canada set a $140.00 price target on shares of Rockwell Collins and gave the company a “hold” rating in a research report on Sunday, November 12th. Credit Suisse Group cut shares of Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 price target on the stock. in a research report on Wednesday, November 8th. Zacks Investment Research upgraded shares of 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. Canaccord Genuity reissued a “hold” rating and set a $140.00 price objective on shares of Rockwell Collins in a research note on Friday, October 6th. Finally, Jefferies Group reissued a “hold” rating and set a $115.00 price objective on shares of Rockwell Collins in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Rockwell Collins presently has an average rating of “Hold” and a consensus price target of $128.85.
Rockwell Collins, Inc. (COL) opened at $133.04 on Wednesday. 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 stock has a market capitalization of $21,640.25, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 1.59 and a beta of 0.72. Rockwell Collins, Inc. has a twelve month low of $88.80 and a twelve month high of $136.50.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, October 27th. The aerospace company reported $1.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.80. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The firm’s quarterly revenue was up 51.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 earnings per share. equities analysts forecast that Rockwell Collins, Inc. will post 7.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Shareholders 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 yield of 0.99%. Rockwell Collins’s dividend payout ratio (DPR) is 27.62%.
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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.
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