Stone Ridge Asset Management LLC bought a new position in shares of Rockwell Collins, Inc. (NYSE:COL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 77,053 shares of the aerospace company’s stock, valued at approximately $10,450,000. Rockwell Collins accounts for about 0.7% of Stone Ridge Asset Management LLC’s portfolio, making the stock its 14th largest position.
A number of other institutional investors have also recently bought and sold shares of COL. Raymond James Financial Services Advisors Inc. increased its holdings in Rockwell Collins by 375.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 144,995 shares of the aerospace company’s stock worth $18,954,000 after acquiring an additional 114,499 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Rockwell Collins by 741.2% in the 3rd quarter. Victory Capital Management Inc. now owns 195,558 shares of the aerospace company’s stock worth $25,562,000 after buying an additional 172,310 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Rockwell Collins by 13.3% in the 3rd quarter. Gamco Investors INC. ET AL now owns 33,820 shares of the aerospace company’s stock worth $4,421,000 after buying an additional 3,967 shares during the last quarter. Gabelli Funds LLC increased its holdings in shares of Rockwell Collins by 91.4% in the 3rd quarter. Gabelli Funds LLC now owns 58,852 shares of the aerospace company’s stock worth $7,693,000 after buying an additional 28,100 shares during the last quarter. Finally, Keybank National Association OH increased its holdings in shares of Rockwell Collins by 15.5% in the 3rd quarter. Keybank National Association OH now owns 14,316 shares of the aerospace company’s stock worth $1,871,000 after buying an additional 1,926 shares during the last quarter. 67.70% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on COL shares. Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a report on Wednesday, February 21st. ValuEngine raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Canaccord Genuity decreased their price target on shares of Rockwell Collins from $140.00 to $137.00 and set a “hold” rating on the stock in a report on Tuesday, January 30th. Finally, Cowen reissued a “hold” rating and issued a $135.00 price target on shares of Rockwell Collins in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $133.95.
Shares of Rockwell Collins, Inc. (COL) traded up $0.37 during trading on Friday, hitting $135.87. 1,491,639 shares of the stock were exchanged, compared to its average volume of 1,070,239. Rockwell Collins, Inc. has a 12 month low of $95.62 and a 12 month high of $139.63. The stock has a market cap of $22,274.93, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70. The company has a quick ratio of 0.73, a current ratio of 1.56 and a debt-to-equity ratio of 1.02.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Friday, January 26th. The aerospace company reported $1.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.06. Rockwell Collins had a net margin of 10.99% and a return on equity of 19.58%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the prior year, the company earned $1.20 EPS. The firm’s revenue was up 68.6% on a year-over-year basis. analysts predict that Rockwell Collins, Inc. will post 7.23 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 5th. Stockholders of record on Monday, February 12th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.97%. Rockwell Collins’s dividend payout ratio (DPR) is 24.58%.
In other Rockwell Collins news, VP Douglas E. Stenske sold 3,287 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $135.00, for a total transaction of $443,745.00. Following the completion of the sale, the vice president now owns 8,776 shares of the company’s stock, valued at approximately $1,184,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Patrick E. Allen sold 25,410 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $135.02, for a total transaction of $3,430,858.20. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.
Rockwell Collins 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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