Rhumbline Advisers raised its stake in Rockwell Collins, Inc. (NYSE:COL) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,891 shares of the aerospace company’s stock after purchasing an additional 3,247 shares during the period. Rhumbline Advisers’ holdings in Rockwell Collins were worth $45,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of COL. Janus Henderson Group PLC raised its position in Rockwell Collins by 332.5% in the 2nd quarter. Janus Henderson Group PLC now owns 88,468 shares of the aerospace company’s stock valued at $9,296,000 after purchasing an additional 68,013 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Rockwell Collins by 20.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,756 shares of the aerospace company’s stock valued at $395,000 after purchasing an additional 650 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its position in Rockwell Collins by 49.5% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 3,587 shares of the aerospace company’s stock valued at $377,000 after purchasing an additional 1,187 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Rockwell Collins in the 2nd quarter valued at about $273,000. Finally, Frontier Investment Mgmt Co. acquired a new stake in Rockwell Collins in the 2nd quarter valued at about $375,000. 70.13% of the stock is currently owned by institutional investors.
COL has been the topic of a number of analyst reports. Cowen reaffirmed a “hold” rating and issued a $135.00 price target on shares of Rockwell Collins in a research report on Friday, January 26th. Royal Bank of Canada set a $140.00 price target on Rockwell Collins and gave the company a “hold” rating in a research report on Sunday, November 12th. Zacks Investment Research lowered Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. Credit Suisse Group lowered 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. Finally, Wells Fargo & Co lowered Rockwell Collins from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $134.01.
Rockwell Collins, Inc. (NYSE:COL) opened at $135.92 on Monday. Rockwell Collins, Inc. has a 1-year low of $92.75 and a 1-year high of $139.63. The company has a market capitalization of $22,283.12, a PE ratio of 21.34, a PEG ratio of 1.80 and a beta of 0.72. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.56 and a quick ratio of 0.73.
Rockwell Collins (NYSE:COL) last released its quarterly earnings data on Friday, January 26th. The aerospace company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.06. Rockwell Collins had a return on equity of 19.58% and a net margin of 10.99%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The business’s revenue for the quarter was up 68.6% on a year-over-year basis. sell-side analysts forecast that Rockwell Collins, Inc. will post 7.12 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Monday, February 12th will be issued a $0.33 dividend. The ex-dividend date is Friday, February 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.97%. Rockwell Collins’s payout ratio is currently 24.58%.
In related news, VP Douglas E. Stenske sold 3,287 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $135.00, for a total transaction of $443,745.00. Following the transaction, the vice president now owns 8,776 shares in the company, valued at approximately $1,184,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Patrick E. Allen sold 25,410 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $135.02, for a total value of $3,430,858.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,331 shares of company stock worth $4,891,757. Company insiders own 1.10% 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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