Numeric Investors LLC lifted its position in Rockwell Collins, Inc. (NYSE:COL) by 26.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,200 shares of the aerospace company’s stock after purchasing an additional 1,100 shares during the period. Numeric Investors LLC’s holdings in Rockwell Collins were worth $546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in COL. NEXT Financial Group Inc increased its stake in shares of Rockwell Collins by 35.7% in the second quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock worth $100,000 after purchasing an additional 250 shares in the last quarter. Jacobi Capital Management LLC increased its stake in shares of Rockwell Collins by 30.0% in the second quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock worth $108,000 after purchasing an additional 231 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Rockwell Collins by 31.1% in the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock worth $114,000 after purchasing an additional 278 shares in the last quarter. Harfst & Associates Inc. purchased a new stake in shares of Rockwell Collins in the first quarter worth $114,000. Finally, Whittier Trust Co. increased its stake in shares of Rockwell Collins by 3.2% in the second quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock worth $120,000 after purchasing an additional 35 shares in the last quarter. 77.71% of the stock is owned by hedge funds and other institutional investors.

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COL has been the subject of a number of analyst reports. Credit Suisse Group reissued a “buy” rating and issued a $120.00 price objective on shares of Rockwell Collins in a research note on Wednesday, July 19th. BidaskClub raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research note 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 note on Wednesday, July 12th. ValuEngine raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Canaccord Genuity raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and raised their target price for the company from $108.00 to $125.00 in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $126.22.

In related news, Director Harlan Donnley Meade bought 1,666,667 shares of the stock in a transaction on Friday, September 15th. The stock was bought at an average price of $0.06 per share, with a total value of $100,000.02. Company insiders own 1.50% of the company’s stock.

Shares of Rockwell Collins, Inc. (NYSE COL) opened at 134.71 on Friday. The stock has a 50 day moving average of $131.32 and a 200 day moving average of $113.61. Rockwell Collins, Inc. has a 12-month low of $78.54 and a 12-month high of $135.31. The company has a market cap of $21.89 billion, a price-to-earnings ratio of 26.73 and a beta of 0.73.

Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share 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 analyst estimates 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 was up 57.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.63 earnings per share. Equities research analysts predict that Rockwell Collins, Inc. will post $6.09 earnings per share for the current fiscal year.

Rockwell Collins announced that its Board of Directors has initiated a stock buyback program on Friday, July 7th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the aerospace company to buy up to 1.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board 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.

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

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