Artisan Partners Limited Partnership Reduces Stake in Rockwell Collins, Inc. (COL)
Artisan Partners Limited Partnership reduced its position in Rockwell Collins, Inc. (NYSE:COL) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 529,245 shares of the aerospace company’s stock after selling 19,868 shares during the period. Artisan Partners Limited Partnership’s holdings in Rockwell Collins were worth $71,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Global X Management Co. LLC lifted its position in Rockwell Collins by 12.1% during the first quarter. Global X Management Co. LLC now owns 5,131 shares of the aerospace company’s stock valued at $692,000 after purchasing an additional 554 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Rockwell Collins by 13.2% during the first quarter. Daiwa Securities Group Inc. now owns 5,443 shares of the aerospace company’s stock valued at $734,000 after purchasing an additional 636 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in Rockwell Collins by 6.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 53,180 shares of the aerospace company’s stock valued at $7,171,000 after purchasing an additional 3,191 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in shares of Rockwell Collins by 18.5% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 4,465 shares of the aerospace company’s stock valued at $602,000 after acquiring an additional 696 shares in the last quarter. Finally, FormulaFolio Investments LLC purchased a new position in shares of Rockwell Collins in the first quarter valued at about $275,000. Hedge funds and other institutional investors own 67.48% of the company’s stock.
Shares of Rockwell Collins stock opened at $136.37 on Friday. Rockwell Collins, Inc. has a 52 week low of $127.31 and a 52 week high of $139.63. The stock has a market capitalization of $22.52 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.81 and a beta of 0.64. The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 0.93.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Monday, August 20th will be given a $0.33 dividend. The ex-dividend date is Friday, August 17th. This represents a $1.32 annualized dividend and a dividend yield of 0.97%. Rockwell Collins’s payout ratio is 21.46%.
COL has been the topic of several research analyst reports. ValuEngine downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Zacks Investment Research downgraded Rockwell Collins from a “hold” rating to a “sell” rating in a research report on Wednesday, May 16th. Finally, Cowen restated a “hold” rating and issued a $135.00 price objective on shares of Rockwell Collins in a research report on Friday, July 27th. Sixteen equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $137.90.
Rockwell Collins Company Profile
Rockwell Collins, Inc designs, produces, and supports communications and aviation systems worldwide. The company's Interior Systems segment offers commercial aircraft seats; galley structures, food and beverage preparation equipment, and water and waste systems; oxygen and passenger service equipment; cabin lighting systems; and business jet and general aviation interior products.
Further Reading: Asset Allocation and Your Retirement
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