Cooke & Bieler LP Has $72,822,000 Position in Rockwell Collins Inc. (COL)
Cooke & Bieler LP raised its stake in shares of Rockwell Collins Inc. (NYSE:COL) by 28.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 855,318 shares of the company’s stock after buying an additional 186,941 shares during the period. Rockwell Collins comprises about 1.6% of Cooke & Bieler LP’s investment portfolio, making the stock its 28th largest position. Cooke & Bieler LP owned 0.66% of Rockwell Collins worth $72,822,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Parametrica Management Ltd acquired a new stake in Rockwell Collins during the second quarter valued at about $205,000. Telemus Capital LLC purchased a new position in Rockwell Collins during the second quarter worth $209,000. Murphy Capital Management Inc. raised its position in Rockwell Collins by 36.4% in the second quarter. Murphy Capital Management Inc. now owns 3,000 shares of the company’s stock worth $255,000 after buying an additional 800 shares in the last quarter. Cleararc Capital Inc. raised its position in Rockwell Collins by 0.3% in the first quarter. Cleararc Capital Inc. now owns 3,206 shares of the company’s stock worth $296,000 after buying an additional 10 shares in the last quarter. Finally, Raymond James Trust N.A. raised its position in Rockwell Collins by 3.1% in the second quarter. Raymond James Trust N.A. now owns 3,743 shares of the company’s stock worth $318,000 after buying an additional 113 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.
Shares of Rockwell Collins Inc. (NYSE:COL) traded down 0.35% during mid-day trading on Monday, reaching $83.18. 558,241 shares of the company’s stock traded hands. Rockwell Collins Inc. has a 12 month low of $76.03 and a 12 month high of $95.11. The firm has a 50 day moving average price of $83.57 and a 200-day moving average price of $86.64. The stock has a market cap of $10.81 billion, a PE ratio of 15.67 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Monday, July 25th. The company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. Rockwell Collins had a net margin of 13.54% and a return on equity of 37.06%. The company earned $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the firm posted $1.33 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Rockwell Collins Inc. will post $5.50 earnings per share for the current fiscal year.
COL has been the subject of a number of research analyst reports. Canaccord Genuity lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating and cut their target price for the stock from $100.00 to $94.00 in a research report on Tuesday, July 26th. Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Monday, June 27th. Jefferies Group reissued a “hold” rating and set a $92.00 target price on shares of Rockwell Collins in a research report on Wednesday, August 10th. Morgan Stanley initiated coverage on shares of Rockwell Collins in a research report on Thursday, June 23rd. They set an “equal weight” rating for the company. Finally, Robert W. Baird initiated coverage on shares of Rockwell Collins in a research report on Wednesday, October 5th. They set a “neutral” rating and a $90.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $91.42.
About Rockwell Collins
Rockwell Collins, Inc is engaged in design, production and support of communications and aviation electronics for commercial and military customers around the world. The Company’s products and systems are focused on aviation applications. It operates in two segments: Government Systems and Commercial Systems.
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