Principal Financial Group Inc. trimmed its holdings in Rockwell Collins, Inc. (NYSE:COL) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,892 shares of the aerospace company’s stock after selling 10,761 shares during the quarter. Principal Financial Group Inc. owned about 0.15% of Rockwell Collins worth $32,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Rockwell Collins by 27.0% during the second quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock worth $1,683,340,000 after acquiring an additional 3,410,680 shares in the last quarter. BlackRock Inc. lifted its position in shares of Rockwell Collins by 27.9% during the second quarter. BlackRock Inc. now owns 11,315,505 shares of the aerospace company’s stock worth $1,189,034,000 after acquiring an additional 2,466,370 shares in the last quarter. State Street Corp lifted its position in shares of Rockwell Collins by 21.9% during the second quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock worth $750,304,000 after acquiring an additional 1,281,647 shares in the last quarter. FMR LLC lifted its position in shares of Rockwell Collins by 25.4% during the second quarter. FMR LLC now owns 4,238,235 shares of the aerospace company’s stock worth $445,354,000 after acquiring an additional 857,884 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Rockwell Collins by 76.0% in the second quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock worth $315,130,000 after buying an additional 1,295,052 shares in the last quarter. 72.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rockwell Collins, Inc. (NYSE COL) traded down $0.06 during mid-day trading on Monday, reaching $132.84. 979,465 shares of the company’s stock traded hands, compared to its average volume of 1,784,078. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.75 and a current ratio of 1.55. The stock has a market cap of $21,650.02, a PE ratio of 22.22, a P/E/G ratio of 1.59 and a beta of 0.72. Rockwell Collins, Inc. has a 1-year low of $88.80 and a 1-year high of $136.50.
Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, October 27th. The aerospace company reported $1.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.80. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The business’s revenue was up 51.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 EPS. research analysts forecast that Rockwell Collins, Inc. will post 7.18 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 13th will be paid 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%.
In related news, VP Tatum J. Buse sold 19,170 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $135.36, for a total transaction of $2,594,851.20. Following the completion of the transaction, the vice president now owns 3,722 shares of the company’s stock, valued at $503,809.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Harlan Donnley Meade bought 1,666,667 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was bought at an average price of $0.06 per share, for a total transaction of $100,000.02. Insiders sold a total of 535,481 shares of company stock worth $72,458,490 over the last 90 days. Insiders own 1.50% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Rockwell Collins from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a research report on Monday, October 23rd. Credit Suisse Group downgraded Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 price objective on the stock. in a research report on Wednesday, November 8th. 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. Canaccord Genuity restated a “hold” rating and set a $140.00 price target on shares of Rockwell Collins in a research report on Friday, October 6th. Finally, Jefferies Group restated a “hold” rating and set a $115.00 price target on shares of Rockwell Collins in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $128.85.
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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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