Hotchkis & Wiley Capital Management LLC lowered its position in shares of Rockwell Collins, Inc. (NYSE:COL) by 22.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,277,248 shares of the aerospace company’s stock after selling 374,400 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.79% of Rockwell Collins worth $134,213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. CWM LLC increased its position in shares of Rockwell Collins by 0.4% during the second quarter. CWM LLC now owns 1,216 shares of the aerospace company’s stock valued at $128,000 after acquiring an additional 5 shares in the last quarter. Janney Capital Management LLC grew its position in Rockwell Collins by 0.3% in the 2nd quarter. Janney Capital Management LLC now owns 4,665 shares of the aerospace company’s stock worth $490,000 after purchasing an additional 15 shares during the period. United Capital Financial Advisers LLC grew its position in Rockwell Collins by 0.3% in the 1st quarter. United Capital Financial Advisers LLC now owns 5,783 shares of the aerospace company’s stock worth $562,000 after purchasing an additional 17 shares during the period. Cleararc Capital Inc. grew its position in Rockwell Collins by 0.9% in the 1st quarter. Cleararc Capital Inc. now owns 3,199 shares of the aerospace company’s stock worth $311,000 after purchasing an additional 28 shares during the period. Finally, Whittier Trust Co. grew its position in Rockwell Collins by 3.2% in the 2nd quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock worth $120,000 after purchasing an additional 35 shares during the period. 77.86% of the stock is owned by institutional investors.

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In other Rockwell Collins news, Director Harlan Donnley Meade acquired 1,666,667 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average cost of $0.06 per share, with a total value of $100,000.02. Over the last ninety days, insiders have bought 1,678,667 shares of company stock worth $100,960. Corporate insiders own 1.50% of the company’s stock.

Rockwell Collins, Inc. (NYSE:COL) traded down 0.20% on Friday, hitting $131.09. 2,931,876 shares of the company’s stock were exchanged. The company has a market cap of $21.30 billion, a PE ratio of 26.02 and a beta of 0.75. The company’s 50-day moving average price is $125.58 and its 200-day moving average price is $108.72. 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 quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.58 by $0.06. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. Rockwell Collins’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 EPS. Analysts forecast that Rockwell Collins, Inc. will post $6.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend 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 (DPR) is presently 26.04%.

Rockwell Collins declared that its board has initiated a share buyback plan on Friday, July 7th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the aerospace company to purchase up to 1.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

COL has been the subject of a number of research analyst reports. BidaskClub raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research report on Wednesday, July 12th. ValuEngine raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Credit Suisse Group reaffirmed a “buy” rating and issued a $120.00 target price on shares of Rockwell Collins in a research report on Wednesday, July 19th. Finally, Canaccord Genuity raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and boosted their price objective for the company from $108.00 to $125.00 in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $122.34.

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

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