Global Financial Private Capital LLC purchased a new stake in shares of Rockwell Collins, Inc. (NYSE:COL) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 5,848 shares of the aerospace company’s stock, valued at approximately $793,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in COL. Frontier Investment Mgmt Co. purchased a new stake in Rockwell Collins in the second quarter worth approximately $375,000. State of New Jersey Common Pension Fund D boosted its holdings in Rockwell Collins by 304.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 445,000 shares of the aerospace company’s stock worth $58,166,000 after purchasing an additional 335,000 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Rockwell Collins by 1.3% in the third quarter. State Board of Administration of Florida Retirement System now owns 242,172 shares of the aerospace company’s stock worth $31,654,000 after purchasing an additional 3,210 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Rockwell Collins by 1.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 41,939 shares of the aerospace company’s stock worth $5,505,000 after purchasing an additional 800 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Rockwell Collins by 3.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 544,325 shares of the aerospace company’s stock worth $71,149,000 after purchasing an additional 19,030 shares during the last quarter. 70.13% of the stock is owned by institutional investors.
Rockwell Collins, Inc. (COL) opened at $135.92 on Monday. The firm has a market cap of $22,283.12, a price-to-earnings ratio of 21.34, a PEG ratio of 1.80 and a beta of 0.72. Rockwell Collins, Inc. has a one year low of $92.75 and a one year high of $139.63. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.56.
Rockwell Collins (NYSE:COL) last released its earnings results on Friday, January 26th. The aerospace company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the company earned $1.20 EPS. Rockwell Collins’s revenue for the quarter was up 68.6% on a year-over-year basis. equities research analysts forecast that Rockwell Collins, Inc. will post 7.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 12th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, February 9th. Rockwell Collins’s dividend payout ratio (DPR) is 24.58%.
In related news, CFO Patrick E. Allen sold 25,410 shares of Rockwell Collins stock in a transaction on Monday, December 18th. The shares were sold at an average price of $135.02, for a total transaction of $3,430,858.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jeffrey D. Maclauchlan sold 7,634 shares of Rockwell Collins stock in a transaction on Monday, December 4th. The shares were sold at an average price of $133.24, for a total transaction of $1,017,154.16. Following the transaction, the vice president now owns 9,179 shares in the company, valued at approximately $1,223,009.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,331 shares of company stock worth $4,891,757. 1.10% of the stock is owned by corporate insiders.
COL has been the topic of several research reports. Cowen restated a “hold” rating and issued a $135.00 target price on shares of Rockwell Collins in a report on Friday, January 26th. Royal Bank of Canada set a $140.00 target price on shares of Rockwell Collins and gave the stock a “hold” rating in a report on Sunday, November 12th. Zacks Investment Research cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a report on Monday, January 15th. Credit Suisse Group cut shares of Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 target price on the stock. in a report on Wednesday, November 8th. Finally, Wells Fargo & Co cut shares of Rockwell Collins from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $134.01.
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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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