OppenheimerFunds Inc. lifted its stake in Rockwell Collins, Inc. (NYSE:COL) by 23.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,158 shares of the aerospace company’s stock after buying an additional 1,548 shares during the period. OppenheimerFunds Inc.’s holdings in Rockwell Collins were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of COL. Fieldpoint Private Securities LLC bought a new stake in shares of Rockwell Collins in the third quarter valued at approximately $100,000. FNY Partners Fund LP bought a new stake in shares of Rockwell Collins in the third quarter valued at approximately $104,000. Tower Research Capital LLC TRC bought a new stake in shares of Rockwell Collins in the fourth quarter valued at approximately $118,000. Cerebellum GP LLC bought a new stake in shares of Rockwell Collins in the fourth quarter valued at approximately $130,000. Finally, Keeler Thomas Management LLC bought a new stake in shares of Rockwell Collins in the fourth quarter valued at approximately $135,000. Institutional investors and hedge funds own 67.70% of the company’s stock.
COL has been the subject of several recent analyst reports. Zacks Investment Research cut Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Royal Bank of Canada set a $151.00 target price on Rockwell Collins and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Canaccord Genuity cut their target price on Rockwell Collins from $140.00 to $137.00 and set a “hold” rating for the company in a research note on Tuesday, January 30th. Cowen restated a “hold” rating and set a $135.00 target price on shares of Rockwell Collins in a research note on Friday, January 26th. Finally, ValuEngine upgraded Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Rockwell Collins has an average rating of “Hold” and an average target price of $133.95.
In related news, VP Douglas E. Stenske sold 3,287 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $135.00, for a total value of $443,745.00. Following the completion of the sale, the vice president now directly owns 8,776 shares in the company, valued at $1,184,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Patrick E. Allen sold 25,410 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $135.02, for a total value of $3,430,858.20. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.
Rockwell Collins, Inc. (NYSE:COL) opened at $135.50 on Friday. Rockwell Collins, Inc. has a 12 month low of $95.62 and a 12 month high of $139.63. The company has a market capitalization of $22,253.61, a price-to-earnings ratio of 25.23, a PEG ratio of 1.78 and a beta of 0.70. 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 announced its quarterly earnings results on Friday, January 26th. The aerospace company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.06. Rockwell Collins had a return on equity of 19.58% and a net margin of 10.99%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the company earned $1.20 EPS. Rockwell Collins’s revenue was up 68.6% compared to the same quarter last year. sell-side analysts predict that Rockwell Collins, Inc. will post 7.2 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 5th. Stockholders of record on Monday, February 12th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, February 9th. Rockwell Collins’s payout ratio is 24.58%.
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Rockwell Collins 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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