Wells Fargo & Company MN cut its holdings in Rockwell Collins, Inc. (NYSE:COL) by 76.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 426,425 shares of the aerospace company’s stock after selling 1,393,123 shares during the period. Wells Fargo & Company MN owned about 0.26% of Rockwell Collins worth $55,739,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Artemis Investment Management LLP bought a new position in shares of Rockwell Collins in the second quarter worth $7,472,000. Frontier Investment Mgmt Co. purchased a new stake in shares of Rockwell Collins in the second quarter worth $375,000. State of New Jersey Common Pension Fund D raised its position in shares of Rockwell Collins by 304.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 445,000 shares of the aerospace company’s stock worth $58,166,000 after buying an additional 335,000 shares in the last quarter. Rosenblum Silverman Sutton S F Inc. CA purchased a new stake in shares of Rockwell Collins in the second quarter worth $4,120,000. Finally, Capital Analysts LLC purchased a new stake in shares of Rockwell Collins in the second quarter worth $2,183,000. 72.80% of the stock is owned by institutional investors.

Rockwell Collins, Inc. (NYSE:COL) opened at $134.61 on Friday. Rockwell Collins, Inc. has a 12 month low of $88.80 and a 12 month high of $136.50. The stock has a market capitalization of $21,765.68, a PE ratio of 22.34, a PEG ratio of 1.60 and a beta of 0.72. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.75 and a current ratio of 1.55.

Rockwell Collins (NYSE:COL) last posted its earnings results on Friday, October 27th. The aerospace company reported $1.80 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.80. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. Rockwell Collins’s quarterly revenue was up 51.8% on a year-over-year basis. During the same period last year, the firm earned $1.58 earnings per share. sell-side analysts anticipate that Rockwell Collins, Inc. will post 7.18 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 13th were paid a $0.33 dividend. The ex-dividend date was Friday, November 10th. This represents a $1.32 annualized dividend and a dividend yield of 0.98%. Rockwell Collins’s payout ratio is presently 27.62%.

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada set a $140.00 price target on Rockwell Collins and gave the company a “hold” rating in a research report on Sunday, November 12th. Vetr upgraded Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 price target on the stock in a research report on Monday, August 21st. Canaccord Genuity downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Wolfe Research downgraded Rockwell Collins from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, September 6th. Finally, Zacks Investment Research upgraded Rockwell Collins from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $128.85.

In related news, VP Jeffrey D. Maclauchlan sold 7,634 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $133.24, for a total value of $1,017,154.16. Following the sale, the vice president now directly owns 9,179 shares of the company’s stock, valued at $1,223,009.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David J. Nieuwsma sold 3,900 shares of the firm’s stock in a transaction dated 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 sold 543,115 shares of company stock worth $73,475,644 over the last three months. 1.50% of the stock is owned by insiders.

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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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