Quantitative Systematic Strategies LLC acquired a new stake in shares of Rockwell Collins, Inc. (NYSE:COL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,597 shares of the aerospace company’s stock, valued at approximately $1,127,000.
Other large investors also recently added to or reduced their stakes in the company. Cliftonlarsonallen Wealth Advisors LLC bought a new stake in Rockwell Collins during the third quarter valued at $26,067,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in Rockwell Collins by 0.7% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 349,703 shares of the aerospace company’s stock valued at $29,494,000 after buying an additional 2,526 shares in the last quarter. TimesSquare Capital Management LLC raised its stake in Rockwell Collins by 1.3% in the third quarter. TimesSquare Capital Management LLC now owns 898,925 shares of the aerospace company’s stock valued at $75,815,000 after buying an additional 11,650 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Rockwell Collins by 2.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,036 shares of the aerospace company’s stock valued at $1,690,000 after buying an additional 393 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in Rockwell Collins by 16.1% in the third quarter. Hsbc Holdings PLC now owns 128,328 shares of the aerospace company’s stock valued at $10,821,000 after buying an additional 17,753 shares in the last quarter. Institutional investors own 78.40% of the company’s stock.
Rockwell Collins, Inc. (NYSE:COL) traded up 4.59% on Friday, reaching $104.16. The company’s stock had a trading volume of 2,209,841 shares. The firm’s 50 day moving average is $97.98 and its 200-day moving average is $91.74. Rockwell Collins, Inc. has a 12 month low of $78.54 and a 12 month high of $104.31. The firm has a market cap of $13.63 billion, a P/E ratio of 18.62 and a beta of 0.79.
Rockwell Collins (NYSE:COL) last released its earnings results on Friday, April 21st. The aerospace company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by $0.04. The firm earned $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Rockwell Collins had a net margin of 13.97% and a return on equity of 35.84%. Rockwell Collins’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.30 EPS. On average, equities research analysts anticipate that Rockwell Collins, Inc. will post $5.40 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Investors of record on Monday, May 15th will be issued a $0.33 dividend. The ex-dividend date is Thursday, May 11th. This represents a $1.32 annualized dividend and a yield of 1.33%. Rockwell Collins’s payout ratio is 23.57%.
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Several equities research analysts have recently weighed in on COL shares. Credit Suisse Group AG upgraded Rockwell Collins from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $92.00 to $120.00 in a research note on Monday, March 20th. Canaccord Genuity upped their price objective on Rockwell Collins from $88.00 to $90.00 and gave the company a “hold” rating in a research note on Monday, January 23rd. Seaport Global Securities upgraded Rockwell Collins from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Monday, January 23rd. Zacks Investment Research lowered Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Tuesday, March 21st. Finally, SunTrust Banks, Inc. started coverage on Rockwell Collins in a research note on Thursday, January 19th. They issued a “hold” rating and a $101.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $99.50.
In related news, VP Bruce Michael King sold 2,735 shares of the business’s stock in a transaction on Thursday, April 6th. The shares were sold at an average price of $100.00, for a total value of $273,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Douglas E. Stenske sold 2,300 shares of the business’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $98.60, for a total transaction of $226,780.00. Following the completion of the transaction, the vice president now owns 6,956 shares in the company, valued at approximately $685,861.60. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 18,000 shares of company stock worth $1,700 and sold 61,536 shares worth $6,069,253. 1.50% of the stock is owned by insiders.
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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