Public Employees Retirement System of Ohio Reduces Position in Rockwell Collins, Inc. (COL)
Public Employees Retirement System of Ohio reduced its holdings in Rockwell Collins, Inc. (NYSE:COL) by 20.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,423 shares of the aerospace company’s stock after selling 17,850 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Rockwell Collins were worth $9,205,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Rockwell Collins by 27.0% in the 2nd quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock worth $1,683,340,000 after purchasing an additional 3,410,680 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Rockwell Collins by 27.9% in the 2nd 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 in the last quarter. State Street Corp raised its holdings in shares of Rockwell Collins by 21.9% in the 2nd 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 in the last quarter. FMR LLC raised its holdings in shares of Rockwell Collins by 25.4% in the 2nd 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 in the last quarter. Finally, Pentwater Capital Management LP bought a new stake in shares of Rockwell Collins in the 3rd quarter worth approximately $420,886,000. Institutional investors and hedge funds own 72.21% of the company’s stock.
In related news, CEO Robert Kelly Ortberg sold 395,110 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $135.35, for a total transaction of $53,478,138.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Tatum J. Buse sold 19,170 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were 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 in the company, valued at $503,809.92. The disclosure for this sale can be found here. Insiders have sold 571,812 shares of company stock worth $77,350,247 over the last ninety days. 1.10% of the stock is currently owned by insiders.
Shares of Rockwell Collins, Inc. (NYSE COL) opened at $135.07 on Thursday. Rockwell Collins, Inc. has a 1-year low of $88.80 and a 1-year high of $136.50. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 1.10. The stock has a market cap of $22,094.13, a P/E ratio of 22.56, a PEG ratio of 1.61 and a beta of 0.72.
Rockwell Collins (NYSE:COL) last released its quarterly earnings results on Friday, October 27th. The aerospace company reported $1.80 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.80. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the business earned $1.58 earnings per share. The firm’s revenue was up 51.8% compared to the same quarter last year. analysts forecast that Rockwell Collins, Inc. will post 7.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 13th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Friday, November 10th. Rockwell Collins’s payout ratio is presently 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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