Belpointe Asset Management LLC cut its position in Rockwell Collins, Inc. (NYSE:COL) by 15.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,218 shares of the aerospace company’s stock after selling 404 shares during the quarter. Belpointe Asset Management LLC’s holdings in Rockwell Collins were worth $301,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Rockwell Collins by 4.6% in the 4th quarter. BlackRock Inc. now owns 11,987,278 shares of the aerospace company’s stock valued at $1,625,714,000 after purchasing an additional 523,172 shares during the period. Pentwater Capital Management LP lifted its position in shares of Rockwell Collins by 5.6% during the 4th quarter. Pentwater Capital Management LP now owns 3,400,000 shares of the aerospace company’s stock valued at $461,108,000 after acquiring an additional 180,000 shares during the period. Farallon Capital Management LLC bought a new stake in shares of Rockwell Collins during the 4th quarter valued at $342,853,000. Capital International Investors lifted its position in shares of Rockwell Collins by 1,335.8% during the 3rd quarter. Capital International Investors now owns 2,110,600 shares of the aerospace company’s stock valued at $275,877,000 after acquiring an additional 1,963,600 shares during the period. Finally, Alpine Associates Management Inc. lifted its position in shares of Rockwell Collins by 13.7% during the 4th quarter. Alpine Associates Management Inc. now owns 1,891,700 shares of the aerospace company’s stock valued at $256,553,000 after acquiring an additional 228,200 shares during the period. Institutional investors and hedge funds own 67.70% of the company’s stock.
Shares of Rockwell Collins stock opened at $135.87 on Monday. The company has a current ratio of 1.56, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. Rockwell Collins, Inc. has a 1 year low of $95.62 and a 1 year high of $139.63. The firm has a market capitalization of $22,274.93, a price-to-earnings ratio of 25.30, a P/E/G ratio of 1.78 and a beta of 0.70.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Friday, January 26th. The aerospace company reported $1.59 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the company earned $1.20 EPS. Rockwell Collins’s revenue for the quarter 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. Investors of record on Monday, February 12th were given a dividend of $0.33 per share. The ex-dividend date was Friday, February 9th. This represents a $1.32 annualized dividend and a dividend yield of 0.97%. Rockwell Collins’s dividend payout ratio is currently 24.58%.
A number of analysts have recently weighed in on COL shares. Cowen reiterated a “hold” rating and set a $135.00 target price on shares of Rockwell Collins in a research report on Friday, January 26th. Zacks Investment Research downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. Royal Bank of Canada set a $151.00 target price on Rockwell Collins and gave the company a “hold” rating in a research report on Wednesday, January 24th. Wells Fargo downgraded Rockwell Collins from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 16th. Finally, ValuEngine upgraded Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $133.95.
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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