Rockwell Collins, Inc. (COL) Holdings Increased by Employees Retirement System of Texas
Employees Retirement System of Texas boosted its position in Rockwell Collins, Inc. (NYSE:COL) by 700.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 56,000 shares of the aerospace company’s stock after acquiring an additional 49,000 shares during the period. Employees Retirement System of Texas’ holdings in Rockwell Collins were worth $5,884,000 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 grew its stake in Rockwell Collins by 35.7% in the 2nd quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock worth $100,000 after acquiring an additional 250 shares during the period. Jacobi Capital Management LLC grew its stake in Rockwell Collins by 30.0% in the 2nd quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock worth $108,000 after acquiring an additional 231 shares during the period. Whittier Trust Co. grew its stake 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 acquiring an additional 35 shares during the period. Global X Management Co. LLC grew its stake in Rockwell Collins by 31.1% in the 1st quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock worth $114,000 after acquiring an additional 278 shares during the period. Finally, Winslow Evans & Crocker Inc. purchased a new stake in Rockwell Collins in the 2nd quarter worth approximately $124,000. 72.31% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Harlan Donnley Meade acquired 1,666,667 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average cost of $0.06 per share, with a total value of $100,000.02. 1.50% of the stock is currently owned by corporate insiders.
Rockwell Collins, Inc. (NYSE COL) opened at 133.14 on Thursday. The firm has a market cap of $21.63 billion, a price-to-earnings ratio of 26.42 and a beta of 0.73. Rockwell Collins, Inc. has a 12-month low of $78.54 and a 12-month high of $135.31. The company’s 50 day moving average is $129.54 and its 200 day moving average is $111.90.
Rockwell Collins (NYSE:COL) last posted its earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.06. The company 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%. The company’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 earnings per share. On average, equities analysts anticipate that Rockwell Collins, Inc. will post $6.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 14th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, August 10th. Rockwell Collins’s dividend payout ratio is currently 26.04%.
Rockwell Collins announced that its board has initiated a stock buyback program on Friday, July 7th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the aerospace company to repurchase up to 1.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
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Several analysts have commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $115.00 target price on shares of Rockwell Collins in a research note on Tuesday. ValuEngine lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research lowered shares of Rockwell Collins from a “hold” rating to a “sell” rating in a report on Monday. SunTrust Banks, Inc. reiterated a “hold” rating on shares of Rockwell Collins in a report on Monday. Finally, Robert W. Baird lowered shares of Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 price target on the stock. in a report on Wednesday, September 13th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $123.46.
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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