Rockwell Collins, Inc. (COL) Shares Bought by Suntrust Banks Inc.

Suntrust Banks Inc. increased its position in Rockwell Collins, Inc. (NYSE:COL) by 28.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,472 shares of the aerospace company’s stock after buying an additional 987 shares during the period. Suntrust Banks Inc.’s holdings in Rockwell Collins were worth $433,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in Rockwell Collins by 552.5% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,181 shares of the aerospace company’s stock worth $100,000 after buying an additional 1,000 shares in the last quarter. Whittier Trust Co. boosted its position in Rockwell Collins by 30.1% in the first quarter. Whittier Trust Co. now owns 1,106 shares of the aerospace company’s stock worth $108,000 after buying an additional 256 shares in the last quarter. CWM LLC boosted its position in Rockwell Collins by 71.5% in the first quarter. CWM LLC now owns 1,211 shares of the aerospace company’s stock worth $118,000 after buying an additional 505 shares in the last quarter. SRB Corp boosted its position in Rockwell Collins by 15.3% in the third quarter. SRB Corp now owns 1,850 shares of the aerospace company’s stock worth $156,000 after buying an additional 246 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in Rockwell Collins by 7.3% in the fourth quarter. Van ECK Associates Corp now owns 1,951 shares of the aerospace company’s stock worth $181,000 after buying an additional 132 shares in the last quarter. Institutional investors own 78.40% of the company’s stock.

Institutional Ownership by Quarter for Rockwell Collins (NYSE:COL)

Shares of Rockwell Collins, Inc. (NYSE:COL) opened at 107.30 on Friday. The stock has a market cap of $17.42 billion, a price-to-earnings ratio of 19.26 and a beta of 0.79. The stock’s 50 day moving average is $102.65 and its 200-day moving average is $95.75. Rockwell Collins, Inc. has a 12-month low of $78.54 and a 12-month high of $107.90.

Rockwell Collins (NYSE:COL) last released its quarterly earnings results on Friday, April 21st. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.03. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Rockwell Collins had a return on equity of 35.84% and a net margin of 13.97%. The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.30 EPS. Equities analysts anticipate that Rockwell Collins, Inc. will post $6.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 5th. Stockholders of record on Monday, May 15th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, May 11th. Rockwell Collins’s dividend payout ratio (DPR) is presently 23.57%.

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A number of research firms have weighed in on COL. Morgan Stanley upgraded shares of Rockwell Collins from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $94.00 to $121.00 in a research report on Monday, March 13th. Barclays PLC restated an “outperform” rating and set a $59.00 price objective (down from $96.00) on shares of Rockwell Collins in a research report on Friday, April 14th. Zacks Investment Research upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research report on Monday, March 27th. Cowen and Company restated an “outperform” rating and set a $112.00 price objective on shares of Rockwell Collins in a research report on Monday, April 17th. Finally, Robert W. Baird upgraded shares of Rockwell Collins from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $90.00 to $118.00 in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $111.19.

In other news, VP Bruce Michael King sold 2,735 shares of Rockwell Collins stock in a transaction on Thursday, April 6th. The stock was sold at an average price of $100.00, for a total transaction of $273,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David J. Nieuwsma sold 6,250 shares of Rockwell Collins stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $105.00, for a total value of $656,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 36,000 shares of company stock valued at $3,180 and have sold 70,336 shares valued at $6,990,703. Insiders own 1.50% of the company’s stock.

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.

12 Month Chart for NYSE:COL

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