Rockwell Collins, Inc. (COL) Stake Held by Monetary Management Group Inc.
Monetary Management Group Inc. held its position in shares of Rockwell Collins, Inc. (NYSE:COL) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,750 shares of the aerospace company’s stock at the end of the 2nd quarter. Monetary Management Group Inc.’s holdings in Rockwell Collins were worth $184,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of COL. NEXT Financial Group Inc grew its holdings in Rockwell Collins by 35.7% in 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. Jacobi Capital Management LLC grew its holdings 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 valued at $108,000 after buying an additional 231 shares during the period. Global X Management Co. LLC grew its holdings 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 valued at $114,000 after buying an additional 278 shares during the period. Harfst & Associates Inc. purchased a new stake in Rockwell Collins in the 1st quarter valued at about $114,000. Finally, Whittier Trust Co. grew its holdings in Rockwell Collins by 3.2% in 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. Institutional investors own 72.31% of the company’s stock.
In related news, Director Harlan Donnley Meade bought 1,666,667 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average price of $0.06 per share, for a total transaction of $100,000.02. 1.50% of the stock is currently owned by company insiders.
COL has been the subject of several recent analyst reports. Credit Suisse Group AG restated a “buy” rating and issued a $120.00 price target on shares of Rockwell Collins in a report on Wednesday, July 19th. Bank of America Corporation decreased their target price on Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, June 9th. Goldman Sachs Group, Inc. (The) set a $96.00 target price on Rockwell Collins and gave the stock a “sell” rating in a report on Tuesday, August 1st. Morgan Stanley set a $135.00 target price on Rockwell Collins and gave the stock a “buy” rating in a report on Thursday, August 17th. Finally, BidaskClub cut Rockwell Collins from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Rockwell Collins currently has a consensus rating of “Hold” and a consensus target price of $124.85.
Rockwell Collins, Inc. (NYSE:COL) traded down 0.08% during midday trading on Friday, hitting $132.79. The company had a trading volume of 319,137 shares. The company has a market cap of $21.58 billion, a P/E ratio of 26.35 and a beta of 0.73. The company’s 50 day moving average is $129.76 and its 200-day moving average is $112.05. Rockwell Collins, Inc. has a one year low of $78.54 and a one year high of $135.31.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.06. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the company earned $1.63 EPS. The company’s quarterly revenue was up 57.0% on a year-over-year basis. On average, equities analysts predict that Rockwell Collins, Inc. will post $6.09 EPS for the current year.
Rockwell Collins declared that its board has approved a stock buyback program on Friday, July 7th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the aerospace company to reacquire up to 1.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
Rockwell Collins 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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