Stifel Financial Corp lowered its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 73.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,692 shares of the aerospace company’s stock after selling 24,560 shares during the period. Stifel Financial Corp’s holdings in Rockwell Collins were worth $1,171,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Rockwell Collins during the fourth quarter worth about $118,000. Motco increased its stake in shares of Rockwell Collins by 79.5% during the first quarter. Motco now owns 980 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 434 shares in the last quarter. Optimum Investment Advisors purchased a new stake in shares of Rockwell Collins during the first quarter worth about $162,000. Meadow Creek Investment Management LLC purchased a new stake in shares of Rockwell Collins during the fourth quarter worth about $171,000. Finally, Checchi Capital Advisers LLC purchased a new stake in shares of Rockwell Collins during the first quarter worth about $204,000. 66.57% of the stock is owned by institutional investors and hedge funds.
Shares of Rockwell Collins opened at $134.24 on Thursday, according to MarketBeat.com. Rockwell Collins, Inc. has a 12-month low of $103.25 and a 12-month high of $139.63. The stock has a market cap of $22.06 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 1.75 and a beta of 0.71. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.61 and a quick ratio of 0.79.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Friday, April 27th. The aerospace company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.06. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Rockwell Collins had a net margin of 10.72% and a return on equity of 18.20%. Rockwell Collins’s revenue was up 62.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.34 EPS. equities analysts forecast that Rockwell Collins, Inc. will post 7.23 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, June 4th. Shareholders of record on Tuesday, May 15th were issued a $0.33 dividend. The ex-dividend date was Monday, May 14th. This represents a $1.32 annualized dividend and a yield of 0.98%. Rockwell Collins’s payout ratio is 21.46%.
COL has been the subject of a number of research reports. Zacks Investment Research cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Royal Bank of Canada reissued a “hold” rating and set a $143.00 target price on shares of Rockwell Collins in a research note on Friday, April 6th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $136.74.
Rockwell Collins Company Profile
Rockwell Collins, Inc designs, produces, and supports communications and aviation systems worldwide. The company's Interior Systems segment offers commercial aircraft seats; galley structures, food and beverage preparation equipment, and water and waste systems; oxygen and passenger service equipment; cabin lighting systems; and business jet and general aviation interior products.
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