Keybank National Association OH boosted its stake in Rockwell Collins, Inc. (NYSE:COL) by 15.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,316 shares of the company’s stock after purchasing an additional 1,926 shares during the period. Keybank National Association OH’s holdings in Rockwell Collins were worth $1,871,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Rockwell Collins by 27.0% in the 2nd quarter. Vanguard Group Inc. now owns 16,019,594 shares of the company’s stock worth $1,683,340,000 after purchasing an additional 3,410,680 shares during the period. BlackRock Inc. grew its position in Rockwell Collins by 27.9% in the 2nd quarter. BlackRock Inc. now owns 11,315,505 shares of the company’s stock worth $1,189,034,000 after purchasing an additional 2,466,370 shares during the period. State Street Corp grew its position in Rockwell Collins by 21.9% in the 2nd quarter. State Street Corp now owns 7,140,178 shares of the company’s stock worth $750,304,000 after purchasing an additional 1,281,647 shares during the period. FMR LLC grew its position in Rockwell Collins by 25.4% in the 2nd quarter. FMR LLC now owns 4,238,235 shares of the company’s stock worth $445,354,000 after purchasing an additional 857,884 shares during the period. Finally, Franklin Resources Inc. grew its position in Rockwell Collins by 76.0% in the 2nd quarter. Franklin Resources Inc. now owns 2,999,186 shares of the company’s stock worth $315,130,000 after purchasing an additional 1,295,052 shares during the period. 77.96% of the stock is owned by institutional investors and hedge funds.
Shares of Rockwell Collins, Inc. (COL) opened at GBX 133.58 ($1.76) on Friday. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 1.10. The stock has a market cap of $21,746.69, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 1.60 and a beta of 0.73. Rockwell Collins, Inc. has a fifty-two week low of GBX 85.11 ($1.12) and a fifty-two week high of GBX 136.50 ($1.80).
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, October 27th. The company reported GBX 1.80 ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of GBX 1.80 ($0.02). The company had revenue of GBX 219.30 billion for the quarter, compared to the consensus estimate of GBX 222.97 billion. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. Rockwell Collins’s revenue for the quarter was up 51.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 EPS. equities research analysts predict that Rockwell Collins, Inc. will post 7.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 13th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.32 dividend on an annualized basis and a yield of 0.99%. Rockwell Collins’s dividend payout ratio is currently 27.62%.
A number of equities research analysts have commented on COL shares. Credit Suisse Group reaffirmed a “buy” rating and issued a $120.00 target price on shares of Rockwell Collins in a research report on Wednesday, July 19th. Citigroup Inc. lifted their price target on shares of Rockwell Collins from $93.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. Jefferies Group LLC reiterated a “hold” rating and set a $115.00 price target on shares of Rockwell Collins in a research note on Sunday, September 3rd. Buckingham Research reiterated a “neutral” rating on shares of Rockwell Collins in a research note on Tuesday, September 5th. Finally, Drexel Hamilton cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Rockwell Collins currently has a consensus rating of “Hold” and an average price target of GBX 128.85 ($1.69).
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 GBX 135.36 ($1.78), for a total value of £25,948.51 ($34,129.31). Following the sale, the vice president now directly owns 3,722 shares in the company, valued at approximately £5,038.10 ($6,626.46). The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Harlan Donnley Meade purchased 1,666,667 shares of Rockwell Collins stock in a transaction on Friday, September 15th. The stock was bought at an average price of GBX 0.06 ($0.00) per share, for a total transaction of £1,000 ($1,315.27). Over the last quarter, insiders sold 527,680 shares of company stock worth $71,420,546. 1.50% of the stock is currently owned by insiders.
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About Rockwell Collins
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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