Capital Analysts LLC Buys New Stake in Rockwell Collins, Inc. (COL)
Capital Analysts LLC bought a new stake in shares of Rockwell Collins, Inc. (NYSE:COL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,772 shares of the aerospace company’s stock, valued at approximately $2,183,000.
A number of other institutional investors have also bought and sold shares of the stock. CWM LLC raised its position in Rockwell Collins by 0.4% in the second quarter. CWM LLC now owns 1,216 shares of the aerospace company’s stock valued at $128,000 after buying an additional 5 shares during the period. Montecito Bank & Trust raised its position in Rockwell Collins by 0.5% in the first quarter. Montecito Bank & Trust now owns 2,666 shares of the aerospace company’s stock valued at $259,000 after buying an additional 12 shares during the period. Janney Capital Management LLC raised its position in Rockwell Collins by 0.3% in the second quarter. Janney Capital Management LLC now owns 4,665 shares of the aerospace company’s stock valued at $490,000 after buying an additional 15 shares during the period. United Capital Financial Advisers LLC raised its position in Rockwell Collins by 0.3% in the first quarter. United Capital Financial Advisers LLC now owns 5,783 shares of the aerospace company’s stock valued at $562,000 after buying an additional 17 shares during the period. Finally, Cleararc Capital Inc. raised its position in Rockwell Collins by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the aerospace company’s stock valued at $311,000 after buying an additional 28 shares during the period. 77.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Rockwell Collins, Inc. (NYSE COL) opened at 127.99 on Tuesday. The stock’s 50 day moving average is $116.76 and its 200 day moving average is $104.93. Rockwell Collins, Inc. has a 52 week low of $78.54 and a 52 week high of $130.37. The firm has a market cap of $20.80 billion, a P/E ratio of 25.40 and a beta of 0.78.
Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.06. The business 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 firm’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same quarter last year, the company posted $1.63 EPS. On average, equities research analysts predict that Rockwell Collins, Inc. will post $6.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 14th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Thursday, August 10th. Rockwell Collins’s dividend payout ratio (DPR) is currently 26.04%.
Rockwell Collins announced that its board has authorized a stock repurchase plan on Friday, July 7th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the aerospace company to reacquire up to 1.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
Several research firms recently commented on COL. Jefferies Group LLC set a $108.00 target price on Rockwell Collins and gave the company a “hold” rating in a report on Monday, May 22nd. Bank of America Corporation dropped their target price on Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, June 9th. BidaskClub raised Rockwell Collins from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research raised Rockwell Collins from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a report on Wednesday, July 12th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $120.00 target price on shares of Rockwell Collins in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $119.62.
In other Rockwell Collins news, VP Jeffrey A. Standerski sold 6,300 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $108.44, for a total value of $683,172.00. Following the completion of the sale, the vice president now owns 10,519 shares in the company, valued at approximately $1,140,680.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased a total of 14,000 shares of company stock valued at $1,120 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.
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.
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