Mawer Investment Management Ltd. increased its position in Rockwell Collins, Inc. (NYSE:COL) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,752 shares of the aerospace company’s stock after purchasing an additional 4,040 shares during the period. Mawer Investment Management Ltd. owned approximately 0.12% of Rockwell Collins worth $25,195,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of COL. Vanguard Group Inc. lifted its holdings in shares of Rockwell Collins by 27.0% in the 2nd quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock worth $1,683,340,000 after purchasing an additional 3,410,680 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Rockwell Collins by 27.9% in the 2nd quarter. BlackRock Inc. now owns 11,315,505 shares of the aerospace company’s stock worth $1,189,034,000 after purchasing an additional 2,466,370 shares in the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Rockwell Collins by 186.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 2,028,189 shares of the aerospace company’s stock worth $213,122,000 after purchasing an additional 1,319,020 shares in the last quarter. Franklin Resources Inc. raised its position in Rockwell Collins by 76.0% in the 2nd quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock valued at $315,130,000 after buying an additional 1,295,052 shares during the last quarter. Finally, State Street Corp raised its position in Rockwell Collins by 21.9% in the 2nd quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock valued at $750,304,000 after buying an additional 1,281,647 shares during the last quarter. Institutional investors own 72.80% of the company’s stock.
A number of equities research analysts recently commented on COL shares. Citigroup increased their price target on Rockwell Collins from $93.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, August 15th. Jefferies Group reissued a “hold” rating and issued a $115.00 price target on shares of Rockwell Collins in a research report on Sunday, September 3rd. Drexel Hamilton lowered Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Buckingham Research reissued a “neutral” rating on shares of Rockwell Collins in a research report on Tuesday, September 5th. Finally, Sanford C. Bernstein lowered Rockwell Collins from an “outperform” rating to a “market perform” rating and set a $137.00 target price for the company. in a research report on Monday, September 11th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Rockwell Collins presently has a consensus rating of “Hold” and an average target price of $128.85.
Shares of Rockwell Collins, Inc. (COL) traded up $0.38 on Thursday, reaching $133.61. The company had a trading volume of 1,098,612 shares, compared to its average volume of 1,773,953. Rockwell Collins, Inc. has a 52 week low of $88.80 and a 52 week high of $136.50. The stock has a market cap of $21,672.83, a price-to-earnings ratio of 22.25, a P/E/G ratio of 1.59 and a beta of 0.72. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 1.10.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Friday, October 27th. The aerospace company reported $1.80 earnings per share for the quarter, hitting the consensus estimate of $1.80. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the firm posted $1.58 EPS. The firm’s revenue for the quarter was up 51.8% on a year-over-year basis. sell-side analysts predict that Rockwell Collins, Inc. will post 7.18 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 13th were paid a $0.33 dividend. The ex-dividend date was Friday, November 10th. This represents a $1.32 annualized dividend and a yield of 0.99%. Rockwell Collins’s dividend payout ratio is currently 27.62%.
In related news, Director Harlan Donnley Meade bought 1,666,667 shares of the business’s stock in a transaction on Friday, September 15th. The stock was acquired at an average price of $0.06 per share, for a total transaction of $100,000.02. Also, VP Robert A. Sturgell sold 1,734 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $132.10, for a total value of $229,061.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 543,115 shares of company stock valued at $73,475,644. 1.50% of the stock is owned by corporate 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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