Northwestern Mutual Investment Management Company LLC increased its stake in Rockwell Collins Inc. (NYSE:COL) by 48.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 550,314 shares of the company’s stock after buying an additional 179,847 shares during the period. Rockwell Collins accounts for 1.0% of Northwestern Mutual Investment Management Company LLC’s investment portfolio, making the stock its 17th largest position. Northwestern Mutual Investment Management Company LLC owned approximately 0.42% of Rockwell Collins worth $46,854,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Van ECK Associates Corp raised its position in Rockwell Collins by 31.8% in the second quarter. Van ECK Associates Corp now owns 1,340 shares of the company’s stock valued at $114,000 after buying an additional 323 shares during the last quarter. Cantab Capital Partners LLP raised its position in Rockwell Collins by 1,109.2% in the second quarter. Cantab Capital Partners LLP now owns 1,451 shares of the company’s stock valued at $124,000 after buying an additional 1,331 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in Rockwell Collins by 64.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,595 shares of the company’s stock valued at $136,000 after buying an additional 623 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in Rockwell Collins during the second quarter valued at about $193,000. Finally, Parametrica Management Ltd acquired a new position in Rockwell Collins during the second quarter valued at about $205,000. Hedge funds and other institutional investors own 68.95% of the company’s stock.

Institutional Ownership by Quarter for Rockwell Collins (NYSE:COL)

Rockwell Collins Inc. (NYSE:COL) opened at 88.54 on Monday. Rockwell Collins Inc. has a one year low of $76.03 and a one year high of $95.11. The company has a 50-day moving average of $83.47 and a 200-day moving average of $85.37. The stock has a market capitalization of $11.64 billion, a price-to-earnings ratio of 16.07 and a beta of 0.77.

Rockwell Collins (NYSE:COL) last issued its earnings results on Monday, October 31st. The company reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.38. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.22 billion. Rockwell Collins had a net margin of 13.84% and a return on equity of 37.31%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.38 EPS. On average, equities analysts forecast that Rockwell Collins Inc. will post $5.44 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 5th. Shareholders of record on Monday, November 14th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $1.32 dividend on an annualized basis and a yield of 1.49%. Rockwell Collins’s dividend payout ratio is currently 23.91%.

Several equities analysts have recently issued reports on the stock. Buckingham Research reiterated a “buy” rating and set a $97.00 target price (down from $101.00) on shares of Rockwell Collins in a report on Wednesday, October 5th. Zacks Investment Research upgraded shares of Rockwell Collins from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Argus lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a report on Friday, August 26th. Robert W. Baird assumed coverage on shares of Rockwell Collins in a report on Wednesday, October 5th. They set a “neutral” rating and a $90.00 target price for the company. Finally, Jefferies Group reiterated a “hold” rating and set a $92.00 target price (down from $96.00) on shares of Rockwell Collins in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $90.92.

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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