Jacobi Capital Management LLC Has $108,000 Stake in Rockwell Collins, Inc. (COL)
Jacobi Capital Management LLC increased its position in shares of Rockwell Collins, Inc. (NYSE:COL) by 30.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,001 shares of the aerospace company’s stock after buying an additional 231 shares during the quarter. Jacobi Capital Management LLC’s holdings in Rockwell Collins were worth $108,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. NEXT Financial Group Inc raised its position in shares of Rockwell Collins by 35.7% during the 2nd quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock valued at $100,000 after buying an additional 250 shares during the period. Global X Management Co. LLC raised its position in shares of Rockwell Collins by 31.1% during the 1st quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock valued at $114,000 after buying an additional 278 shares during the period. Harfst & Associates Inc. purchased a new stake in shares of Rockwell Collins during the 1st quarter valued at approximately $114,000. Whittier Trust Co. raised its position in shares of Rockwell Collins by 3.2% during the 2nd quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock valued at $120,000 after buying an additional 35 shares during the period. Finally, Winslow Evans & Crocker Inc. purchased a new stake in shares of Rockwell Collins during the 2nd quarter valued at approximately $124,000. 77.86% of the stock is currently owned by hedge funds and other institutional investors.
COL has been the topic of several analyst reports. Credit Suisse Group reaffirmed a “buy” rating and set a $120.00 price target on shares of Rockwell Collins in a research report on Wednesday, July 19th. Citigroup Inc. boosted their target price on Rockwell Collins from $93.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, August 15th. Jefferies Group LLC reissued a “hold” rating and issued a $115.00 target price on shares of Rockwell Collins in a research report on Sunday, September 3rd. Buckingham Research reissued a “neutral” rating on shares of Rockwell Collins in a research report on Tuesday. Finally, Drexel Hamilton lowered Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $120.91.
Rockwell Collins, Inc. (COL) traded down 0.30% during mid-day trading on Friday, hitting $130.95. 2,786,147 shares of the stock traded hands. The stock has a 50 day moving average price of $122.50 and a 200 day moving average price of $107.41. The firm has a market cap of $21.28 billion, a PE ratio of 25.99 and a beta of 0.75. Rockwell Collins, Inc. has a 12-month low of $78.54 and a 12-month high of $135.31.
Rockwell Collins (NYSE:COL) last released its earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.06. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the firm earned $1.63 EPS. The business’s revenue for the quarter was up 57.0% on a year-over-year basis. On average, analysts expect that Rockwell Collins, Inc. will post $6.09 earnings per share for the current fiscal year.
Rockwell Collins announced that its board has initiated a share buyback plan on Friday, July 7th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the aerospace company to reacquire up to 1.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, August 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.01%. Rockwell Collins’s dividend payout ratio is currently 26.04%.
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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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