Community Bank N.A. maintained its stake in Rockwell Collins, Inc. (NYSE:COL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,700 shares of the aerospace company’s stock at the end of the second quarter. Community Bank N.A.’s holdings in Rockwell Collins were worth $284,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. NEXT Financial Group Inc increased its stake in Rockwell Collins by 35.7% in the second quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock worth $100,000 after buying an additional 250 shares during the last quarter. Whittier Trust Co. increased its stake in Rockwell Collins by 30.1% in the first quarter. Whittier Trust Co. now owns 1,106 shares of the aerospace company’s stock worth $108,000 after buying an additional 256 shares during the last quarter. Global X Management Co. LLC increased its stake in Rockwell Collins by 31.1% in the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock worth $114,000 after buying an additional 278 shares during the last quarter. Winslow Evans & Crocker Inc. acquired a new stake in Rockwell Collins during the second quarter worth approximately $124,000. Finally, Harfst & Associates Inc. acquired a new stake in Rockwell Collins during the first quarter worth approximately $114,000. Institutional investors and hedge funds own 67.81% of the company’s stock.

Shares of Rockwell Collins, Inc. (NYSE COL) opened at 125.45 on Thursday. Rockwell Collins, Inc. has a 52-week low of $78.54 and a 52-week high of $128.43. The company has a market capitalization of $20.38 billion, a P/E ratio of 24.90 and a beta of 0.78. The firm has a 50-day moving average of $113.01 and a 200 day moving average of $103.28.

Rockwell Collins (NYSE:COL) last issued its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.06. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The business’s quarterly revenue was up 57.0% on a year-over-year basis. During the same period last year, the business earned $1.63 EPS. On average, analysts anticipate that Rockwell Collins, Inc. will post $6.08 EPS for the current year.

Rockwell Collins declared that its board has authorized a stock repurchase plan on Friday, July 7th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the aerospace company to repurchase up to 1.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.32 annualized dividend and a dividend yield of 1.05%. Rockwell Collins’s dividend payout ratio is currently 26.04%.

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A number of research firms recently commented on COL. BidaskClub upgraded shares of Rockwell Collins from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Citigroup Inc. lifted their target price on shares of Rockwell Collins from $93.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday. ValuEngine downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Cowen and Company reissued a “hold” rating and issued a $115.00 target price on shares of Rockwell Collins in a research report on Thursday, August 3rd. Finally, Sanford C. Bernstein started coverage on shares of Rockwell Collins in a research report on Thursday, May 25th. They issued an “outperform” rating and a $129.00 target price on the stock. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $115.10.

In other news, VP Jeffrey A. Standerski sold 6,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $108.44, for a total transaction of $683,172.00. Following the completion of the transaction, the vice president now directly owns 10,519 shares of the company’s stock, valued at approximately $1,140,680.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 18,000 shares of company stock valued at $1,480 over the last ninety days. Company insiders own 1.50% of the company’s stock.

Rockwell Collins Company 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.

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

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