Stifel Financial Corp increased its holdings in shares of Rockwell Collins, Inc. (NYSE:COL) by 8.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,337 shares of the aerospace company’s stock after acquiring an additional 3,419 shares during the quarter. Stifel Financial Corp’s holdings in Rockwell Collins were worth $6,016,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Rockwell Collins by 27.0% in the 2nd quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock valued at $1,683,340,000 after purchasing an additional 3,410,680 shares in the last quarter. BlackRock Inc. boosted its position in Rockwell Collins by 27.9% during the 2nd quarter. BlackRock Inc. now owns 11,315,505 shares of the aerospace company’s stock worth $1,189,034,000 after buying an additional 2,466,370 shares during the period. Epoch Investment Partners Inc. boosted its position in Rockwell Collins by 186.0% during the 2nd quarter. Epoch Investment Partners Inc. now owns 2,028,189 shares of the aerospace company’s stock worth $213,122,000 after buying an additional 1,319,020 shares during the period. Franklin Resources Inc. boosted its position in Rockwell Collins by 76.0% during the 2nd quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock worth $315,130,000 after buying an additional 1,295,052 shares during the period. Finally, State Street Corp boosted its position in Rockwell Collins by 21.9% during the 2nd quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock worth $750,304,000 after buying an additional 1,281,647 shares during the period. 72.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rockwell Collins, Inc. (COL) traded down $0.50 during mid-day trading on Friday, reaching $133.71. 1,292,100 shares of the company’s stock were exchanged, compared to its average volume of 1,763,144. The company has a market cap of $21,972.90, a price-to-earnings ratio of 22.44, a PEG ratio of 1.61 and a beta of 0.72. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 1.10. Rockwell Collins, Inc. has a fifty-two week low of $88.80 and a fifty-two week high of $136.50.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.80. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. Rockwell Collins’s quarterly revenue was up 51.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.58 EPS. research analysts anticipate 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 dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Friday, November 10th. Rockwell Collins’s dividend payout ratio is 27.62%.
Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Rockwell Collins from a “sell” rating to a “hold” rating in a report on Monday, October 16th. ValuEngine lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. SunTrust Banks restated a “hold” rating on shares of Rockwell Collins in a report on Monday, October 2nd. Vetr upgraded shares of Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 price target for the company in a report on Monday, August 21st. Finally, Canaccord Genuity restated a “hold” rating and set a $140.00 price target on shares of Rockwell Collins in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $128.85.
In other Rockwell Collins news, VP Tatum J. Buse sold 19,170 shares of Rockwell Collins stock in a transaction on Monday, November 6th. The shares were sold at an average price of $135.36, for a total transaction of $2,594,851.20. Following the transaction, the vice president now directly owns 3,722 shares of the company’s stock, valued at approximately $503,809.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jeffrey D. Maclauchlan sold 7,634 shares of Rockwell Collins 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 transaction, the vice president now directly owns 9,179 shares in the company, valued at $1,223,009.96. The disclosure for this sale can be found here. Insiders have sold a total of 543,115 shares of company stock worth $73,475,644 over the last ninety days. Insiders own 1.50% of the company’s stock.
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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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