Alpine Associates Management Inc. increased its holdings in Rockwell Collins, Inc. (NYSE:COL) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,891,700 shares of the aerospace company’s stock after purchasing an additional 228,200 shares during the period. Rockwell Collins makes up about 9.2% of Alpine Associates Management Inc.’s investment portfolio, making the stock its largest position. Alpine Associates Management Inc. owned about 1.15% of Rockwell Collins worth $256,553,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. QS Investors LLC increased its position in Rockwell Collins by 77.8% during the second quarter. QS Investors LLC now owns 3,084 shares of the aerospace company’s stock valued at $324,000 after acquiring an additional 1,349 shares during the last quarter. Shelton Capital Management bought a new position in Rockwell Collins during the second quarter valued at $260,000. Janus Henderson Group PLC increased its position in Rockwell Collins by 332.5% during the second quarter. Janus Henderson Group PLC now owns 88,468 shares of the aerospace company’s stock valued at $9,296,000 after acquiring an additional 68,013 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in Rockwell Collins by 24.8% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 27,961 shares of the aerospace company’s stock valued at $2,937,000 after acquiring an additional 5,561 shares during the last quarter. Finally, Castleark Management LLC bought a new position in Rockwell Collins during the second quarter valued at $453,000. Institutional investors own 71.36% of the company’s stock.
In related news, VP Jeffrey D. Maclauchlan sold 7,634 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $133.24, for a total value of $1,017,154.16. Following the completion of the sale, the vice president now directly owns 9,179 shares of the company’s stock, valued at $1,223,009.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Patrick E. Allen sold 25,410 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $135.02, for a total transaction of $3,430,858.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,065 shares of company stock valued at $5,120,819. 1.10% of the stock is owned by insiders.
A number of research analysts have weighed in on the stock. ValuEngine upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Canaccord Genuity cut their price objective on shares of Rockwell Collins from $140.00 to $137.00 and set a “hold” rating on the stock in a research report on Tuesday, January 30th. Wells Fargo & Co cut shares of Rockwell Collins from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 16th. Cowen reiterated a “hold” rating and set a $135.00 price objective on shares of Rockwell Collins in a research report on Friday, January 26th. Finally, Zacks Investment Research cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $134.01.
Shares of Rockwell Collins, Inc. (NYSE COL) opened at $134.06 on Wednesday. Rockwell Collins, Inc. has a one year low of $91.88 and a one year high of $139.63. The firm has a market cap of $21,960.00, a PE ratio of 24.92, a P/E/G ratio of 1.77 and a beta of 0.72. The company has a quick ratio of 0.73, a current ratio of 1.56 and a debt-to-equity ratio of 1.02.
Rockwell Collins (NYSE:COL) last released its quarterly earnings data on Friday, January 26th. The aerospace company reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.06. Rockwell Collins had a net margin of 10.99% and a return on equity of 19.58%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. The firm’s revenue for the quarter was up 68.6% compared to the same quarter last year. analysts anticipate that Rockwell Collins, Inc. will post 7.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 12th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Friday, February 9th. Rockwell Collins’s dividend payout ratio (DPR) is presently 24.54%.
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Rockwell Collins Company 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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