MainStreet Investment Advisors LLC bought a new position in shares of Rockwell Collins, Inc. (NYSE:COL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,473 shares of the aerospace company’s stock, valued at approximately $878,000.
Other institutional investors also recently made changes to their positions in the company. Fieldpoint Private Securities LLC purchased a new position in shares of Rockwell Collins during the third quarter valued at $100,000. FNY Partners Fund LP purchased a new position in shares of Rockwell Collins during the third quarter valued at $104,000. Tower Research Capital LLC TRC purchased a new position in shares of Rockwell Collins during the fourth quarter valued at $118,000. Cerebellum GP LLC purchased a new position in shares of Rockwell Collins during the fourth quarter valued at $130,000. Finally, Keeler Thomas Management LLC purchased a new position in shares of Rockwell Collins during the fourth quarter valued at $135,000. 67.70% of the stock is currently owned by institutional investors.
In other Rockwell Collins news, VP Douglas E. Stenske sold 3,287 shares of the business’s stock in a transaction dated 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 owns 8,776 shares of the company’s stock, valued at $1,184,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Patrick E. Allen sold 25,410 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was 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 owned by insiders.
A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a report on Thursday, March 8th. ValuEngine upgraded Rockwell Collins from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Canaccord Genuity lowered their price target on Rockwell Collins from $140.00 to $137.00 and set a “hold” rating on the stock in a report on Tuesday, January 30th. Cowen reiterated a “hold” rating and set a $135.00 price target on shares of Rockwell Collins in a report on Friday, January 26th. Finally, Royal Bank of Canada set a $151.00 target price on Rockwell Collins and gave the company a “hold” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $133.95.
Rockwell Collins, Inc. (COL) opened at $135.87 on Friday. Rockwell Collins, Inc. has a 52 week low of $95.62 and a 52 week high of $139.63. The company has a market capitalization of $22,214.26, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.56 and a quick ratio of 0.73.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, January 26th. The aerospace company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm earned $1.20 earnings per share. The business’s quarterly revenue was up 68.6% compared to the same quarter last year. equities research analysts forecast that Rockwell Collins, Inc. will post 7.2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Monday, February 12th were given a $0.33 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.97%. Rockwell Collins’s dividend payout ratio is currently 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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