Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in Rockwell Collins, Inc. (NYSE:COL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 41,534 shares of the company’s stock, valued at approximately $5,421,000.
A number of other hedge funds have also recently made changes to their positions in COL. Dimensional Fund Advisors LP increased its position in Rockwell Collins by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 475,198 shares of the company’s stock worth $46,173,000 after purchasing an additional 19,513 shares during the period. Bank of Montreal Can increased its position in Rockwell Collins by 17.8% in the second quarter. Bank of Montreal Can now owns 110,551 shares of the company’s stock worth $11,617,000 after purchasing an additional 16,744 shares during the period. Gateway Investment Advisers LLC increased its position in Rockwell Collins by 42.1% in the second quarter. Gateway Investment Advisers LLC now owns 12,255 shares of the company’s stock worth $1,288,000 after purchasing an additional 3,631 shares during the period. NN Investment Partners Holdings N.V. increased its position in Rockwell Collins by 213.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 24,729 shares of the company’s stock worth $2,598,000 after purchasing an additional 16,829 shares during the period. Finally, NEXT Financial Group Inc increased its position in Rockwell Collins by 35.7% in the second quarter. NEXT Financial Group Inc now owns 950 shares of the company’s stock worth $100,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 78.06% of the company’s stock.
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Rockwell Collins, Inc. (NYSE COL) traded up GBX 0.09 ($0.00) during trading hours on Monday, hitting GBX 133.58 ($1.76). The stock had a trading volume of 715,000 shares, compared to its average volume of 1,831,702. Rockwell Collins, Inc. has a fifty-two week low of GBX 85.11 ($1.12) and a fifty-two week high of GBX 136.50 ($1.80). The company has a debt-to-equity ratio of 1.10, a current ratio of 1.55 and a quick ratio of 0.75. The company has a market cap of $21,700.00, a PE ratio of 22.34, a PEG ratio of 1.60 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last released its quarterly earnings data on Friday, October 27th. The company reported GBX 1.80 ($0.02) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of GBX 1.80 ($0.02). Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The business had revenue of GBX 219.30 billion for the quarter, compared to analysts’ expectations of GBX 222.97 billion. During the same quarter in the previous year, the business posted $1.58 EPS. Rockwell Collins’s revenue for the quarter was up 51.8% on a year-over-year basis. equities analysts anticipate that Rockwell Collins, Inc. will post 7.18 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, November 10th. Rockwell Collins’s dividend payout ratio (DPR) is presently 27.62%.
In other Rockwell Collins news, COO Philip J. Jasper sold 25,100 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of GBX 135.34 ($1.78), for a total value of £33,970.34 ($44,680.18). The transaction was disclosed in a legal filing with the SEC, which is available at 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 GBX 135.36 ($1.78), for a total value of £25,948.51 ($34,129.31). Following the completion of the sale, the vice president now owns 3,722 shares in the company, valued at approximately £5,038.10 ($6,626.46). The disclosure for this sale can be found here. Insiders have sold a total of 527,680 shares of company stock worth $71,420,546 in the last quarter. 1.50% of the stock is currently owned by company insiders.
A number of analysts recently commented on COL shares. Vetr upgraded Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 price objective for the company in a research report on Monday, August 21st. Canaccord Genuity upgraded Rockwell Collins from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $108.00 to $125.00 in a research report on Tuesday, August 1st. Morgan Stanley set a $135.00 price objective on Rockwell Collins and gave the stock a “buy” rating in a research report on Thursday, August 17th. Citigroup Inc. lifted their price objective on Rockwell Collins from $93.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 15th. Finally, Credit Suisse Group reiterated a “neutral” rating on shares of Rockwell Collins in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 128.85 ($1.69).
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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