TD Asset Management Inc. Has $34,064,000 Stake in Rockwell Collins Inc. (COL)
TD Asset Management Inc. raised its stake in Rockwell Collins Inc. (NYSE:COL) by 2.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 403,890 shares of the company’s stock after buying an additional 10,549 shares during the period. TD Asset Management Inc. owned 0.31% of Rockwell Collins worth $34,064,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. increased its stake in shares of Rockwell Collins by 31.3% in the second quarter. Alliancebernstein L.P. now owns 2,410,080 shares of the company’s stock valued at $205,194,000 after buying an additional 573,991 shares during the last quarter. Burgundy Asset Management Ltd. purchased a new stake in shares of Rockwell Collins during the second quarter valued at approximately $27,820,000. Vanguard Group Inc. increased its stake in shares of Rockwell Collins by 2.2% in the second quarter. Vanguard Group Inc. now owns 11,490,805 shares of the company’s stock valued at $978,328,000 after buying an additional 241,884 shares during the last quarter. Nuance Investments LLC increased its stake in shares of Rockwell Collins by 1,688.3% in the second quarter. Nuance Investments LLC now owns 230,918 shares of the company’s stock valued at $19,660,000 after buying an additional 218,005 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of Rockwell Collins by 112.7% in the second quarter. Neuberger Berman Group LLC now owns 361,149 shares of the company’s stock valued at $30,748,000 after buying an additional 191,380 shares during the last quarter. Institutional investors and hedge funds own 77.90% of the company’s stock.
Rockwell Collins Inc. (NYSE:COL) traded down 0.14% during mid-day trading on Tuesday, hitting $92.49. 131,683 shares of the stock were exchanged. The stock’s 50 day moving average is $84.93 and its 200 day moving average is $85.23. Rockwell Collins Inc. has a 52-week low of $76.03 and a 52-week high of $94.98. The stock has a market cap of $12.05 billion, a PE ratio of 16.79 and a beta of 0.77.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Monday, October 31st. The company reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.38. Rockwell Collins had a net margin of 13.84% and a return on equity of 37.31%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm posted $1.38 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Analysts forecast that Rockwell Collins Inc. will post $5.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Monday, November 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Wednesday, November 9th. Rockwell Collins’s dividend payout ratio (DPR) is presently 23.91%.
Several analysts have recently commented on the stock. Wolfe Research assumed coverage on shares of Rockwell Collins in a research report on Wednesday, November 23rd. They set an “outperform” rating on the stock. Jefferies Group restated a “hold” rating and set a $92.00 price objective on shares of Rockwell Collins in a research report on Wednesday, August 10th. Argus downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Zacks Investment Research downgraded shares of Rockwell Collins from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Finally, Buckingham Research restated a “buy” rating and set a $97.00 price objective (down from $101.00) on shares of Rockwell Collins in a research report on Wednesday, October 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. Rockwell Collins presently has an average rating of “Hold” and a consensus price target of $90.92.
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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