Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stake in Rockwell Collins, Inc. (COL)
Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Rockwell Collins, Inc. (NYSE:COL) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,339 shares of the aerospace company’s stock after buying an additional 1,660 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Rockwell Collins were worth $5,534,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Rockwell Collins by 27.0% in the second quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock valued at $1,683,340,000 after buying an additional 3,410,680 shares in the last quarter. BlackRock Inc. increased its position in Rockwell Collins by 27.9% in the second quarter. BlackRock Inc. now owns 11,315,505 shares of the aerospace company’s stock worth $1,189,034,000 after purchasing an additional 2,466,370 shares during the period. State Street Corp increased its position in Rockwell Collins by 21.9% in the second quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock worth $750,304,000 after purchasing an additional 1,281,647 shares during the period. FMR LLC increased its position in Rockwell Collins by 25.4% in the second quarter. FMR LLC now owns 4,238,235 shares of the aerospace company’s stock worth $445,354,000 after purchasing an additional 857,884 shares during the period. Finally, Franklin Resources Inc. increased its position in Rockwell Collins by 76.0% in the second quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock worth $315,130,000 after purchasing an additional 1,295,052 shares during the period. Institutional investors own 78.06% of the company’s stock.
In related news, VP Tatum J. Buse sold 19,170 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $135.36, for a total transaction of $2,594,851.20. Following the transaction, the vice president now directly owns 3,722 shares of the company’s stock, valued at approximately $503,809.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David J. Nieuwsma sold 3,900 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $133.00, for a total value of $518,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 533,747 shares of company stock worth $72,229,429 in the last ninety days. Insiders own 1.50% of the company’s stock.
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A number of analysts recently commented on COL shares. Canaccord Genuity upgraded Rockwell Collins from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $108.00 to $125.00 in a research report on Tuesday, August 1st. Morgan Stanley set a $135.00 price objective on Rockwell Collins and gave the stock a “buy” rating in a research report on Thursday, August 17th. Vertical Research upgraded Rockwell Collins from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $130.00 to $143.00 in a research report on Tuesday, August 22nd. ValuEngine upgraded Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded Rockwell Collins from a “hold” rating to a “buy” rating and set a $151.00 price objective for the company in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $128.85.
Rockwell Collins, Inc. (NYSE COL) traded down $0.53 during trading hours on Friday, hitting $132.08. The company’s stock had a trading volume of 169,563 shares, compared to its average volume of 1,820,759. The firm has a market cap of $21,600.00, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.58 and a beta of 0.73. Rockwell Collins, Inc. has a 52-week low of $87.17 and a 52-week high of $136.50. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.55 and a quick ratio of 0.75.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings results on Friday, October 27th. The aerospace company reported $1.80 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.80. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The business’s quarterly revenue was up 51.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.58 EPS. equities research analysts forecast that Rockwell Collins, Inc. will post 7.18 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 13th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, November 10th. Rockwell Collins’s dividend payout ratio (DPR) is 27.62%.
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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