Ameriprise Financial Inc. boosted its position in shares of Rockwell Collins, Inc. (NYSE:COL) by 33.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,435 shares of the aerospace company’s stock after purchasing an additional 27,185 shares during the period. Ameriprise Financial Inc. owned approximately 0.07% of Rockwell Collins worth $14,307,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Rockwell Collins by 27.0% during the 2nd quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock worth $1,683,340,000 after acquiring an additional 3,410,680 shares in the last quarter. BlackRock Inc. grew its holdings in Rockwell Collins by 27.9% during the 2nd quarter. BlackRock Inc. now owns 11,315,505 shares of the aerospace company’s stock worth $1,189,034,000 after acquiring an additional 2,466,370 shares in the last quarter. State Street Corp grew its holdings in Rockwell Collins by 21.9% during the 2nd quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock worth $750,304,000 after acquiring an additional 1,281,647 shares in the last quarter. FMR LLC grew its holdings in Rockwell Collins by 25.4% during the 2nd quarter. FMR LLC now owns 4,238,235 shares of the aerospace company’s stock worth $445,354,000 after acquiring an additional 857,884 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Rockwell Collins by 76.0% during the 2nd quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock worth $315,130,000 after acquiring an additional 1,295,052 shares in the last quarter. 72.80% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on the stock. Royal Bank of Canada set a $140.00 price objective on shares of Rockwell Collins and gave the stock a “hold” rating in a report on Sunday, November 12th. Vetr raised shares of Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 price objective for the company in a report on Monday, August 21st. Canaccord Genuity lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Wolfe Research lowered shares of Rockwell Collins from an “outperform” rating to a “peer perform” rating in a report on Wednesday, September 6th. Finally, Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $151.00 price objective for the company in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Rockwell Collins presently has a consensus rating of “Hold” and an average target price of $128.85.
In related news, VP Jeffrey D. Maclauchlan sold 7,634 shares of Rockwell Collins 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 sale, the vice president now directly owns 9,179 shares in the company, valued at approximately $1,223,009.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Tatum J. Buse sold 19,170 shares of Rockwell Collins stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $135.36, for a total transaction of $2,594,851.20. Following the completion of the sale, the vice president now owns 3,722 shares in the company, valued at $503,809.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 543,115 shares of company stock worth $73,475,644. Insiders own 1.50% of the company’s stock.
Rockwell Collins, Inc. (NYSE COL) opened at $134.53 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.55 and a quick ratio of 0.75. 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 $21,891.04, a PE ratio of 22.36, a PEG ratio of 1.60 and a beta of 0.72.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings results on Friday, October 27th. The aerospace company reported $1.80 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.80. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the firm posted $1.58 EPS. The company’s revenue for the quarter was up 51.8% on a year-over-year basis. research analysts anticipate that Rockwell Collins, Inc. will post 7.18 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 13th were given a $0.33 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.98%. Rockwell Collins’s payout ratio is currently 27.62%.
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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