Advisors Asset Management Inc. cut its holdings in Rockwell Collins, Inc. (NYSE:COL) by 3.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,610 shares of the aerospace company’s stock after selling 2,275 shares during the period. Advisors Asset Management Inc.’s holdings in Rockwell Collins were worth $8,968,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Artemis Investment Management LLP acquired a new position in Rockwell Collins during the second quarter worth $7,472,000. Frontier Investment Mgmt Co. acquired a new position in Rockwell Collins during the second quarter worth $375,000. State of New Jersey Common Pension Fund D increased its holdings in Rockwell Collins by 304.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 445,000 shares of the aerospace company’s stock worth $58,166,000 after buying an additional 335,000 shares during the last quarter. Rosenblum Silverman Sutton S F Inc. CA acquired a new position in Rockwell Collins during the second quarter worth $4,120,000. Finally, Capital Analysts LLC acquired a new position in Rockwell Collins during the second quarter worth $2,183,000. Institutional investors own 78.06% of the company’s stock.
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Shares of Rockwell Collins, Inc. (NYSE:COL) traded down $0.34 during trading on Friday, hitting $132.27. 892,532 shares of the stock were exchanged, compared to its average volume of 1,817,040. The company has a market capitalization of $21,600.00, a PE ratio of 22.22, a PEG ratio of 1.59 and a beta of 0.73. Rockwell Collins, Inc. has a 52 week low of $87.48 and a 52 week high of $136.50. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.75 and a current ratio of 1.55.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be given a $0.33 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.00%. Rockwell Collins’s payout ratio is presently 27.62%.
COL has been the topic of a number of recent analyst reports. The Goldman Sachs Group, Inc. set a $96.00 target price on shares of Rockwell Collins and gave the stock a “sell” rating in a report on Tuesday, August 1st. Morgan Stanley set a $135.00 target price on shares of Rockwell Collins and gave the stock a “buy” rating in a report on Thursday, August 17th. Credit Suisse Group restated a “neutral” rating on shares of Rockwell Collins in a report on Friday, September 1st. BidaskClub downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Vertical Research downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating and lowered their target price for the stock from $143.00 to $140.00 in a report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Rockwell Collins presently has an average rating of “Hold” and a consensus target price of $128.85.
In related news, VP Tatum J. Buse sold 19,170 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $135.36, for a total value of $2,594,851.20. Following the completion of the transaction, the vice president now owns 3,722 shares of the company’s stock, valued at $503,809.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Harlan Donnley Meade purchased 1,666,667 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was bought at an average cost of $0.06 per share, with a total value of $100,000.02. In the last three months, insiders sold 533,747 shares of company stock valued at $72,229,429. 1.50% of the stock is currently owned by company insiders.
Rockwell Collins Company 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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