BB&T Securities LLC increased its holdings in shares of Rockwell Collins, Inc. (NYSE:COL) by 13.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,690 shares of the aerospace company’s stock after buying an additional 796 shares during the period. BB&T Securities LLC’s holdings in Rockwell Collins were worth $874,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. FNY Partners Fund LP purchased a new stake in Rockwell Collins during the 3rd quarter worth approximately $104,000. Jacobi Capital Management LLC grew its holdings in Rockwell Collins by 30.0% during the 2nd quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock worth $108,000 after acquiring an additional 231 shares in the last quarter. Highlander Capital Management LLC grew its holdings in Rockwell Collins by 106.0% during the 2nd quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock worth $108,000 after acquiring an additional 527 shares in the last quarter. Sun Life Financial INC grew its holdings in Rockwell Collins by 16,857.1% during the 2nd quarter. Sun Life Financial INC now owns 1,187 shares of the aerospace company’s stock worth $125,000 after acquiring an additional 1,180 shares in the last quarter. Finally, Acrospire Investment Management LLC acquired a new position in Rockwell Collins during the 2nd quarter worth approximately $137,000. 72.80% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have commented on COL shares. Morgan Stanley set a $135.00 price target on shares of Rockwell Collins and gave the stock a “buy” rating in a report on Thursday, August 17th. Credit Suisse Group reiterated a “neutral” rating on shares of Rockwell Collins in a report on Friday, September 1st. Vertical Research cut shares of Rockwell Collins from a “buy” rating to a “hold” rating and lowered their price target for the stock from $143.00 to $140.00 in a report on Tuesday, September 5th. Deutsche Bank cut shares of Rockwell Collins from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a report on Tuesday, September 5th. Finally, Canaccord Genuity cut shares of Rockwell Collins from a “buy” rating to a “hold” rating and boosted their price target for the stock from $125.00 to $140.00 in a report on Tuesday, September 5th. One 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. The stock has a consensus rating of “Hold” and an average target price of $128.85.
Rockwell Collins (NYSE:COL) last released its quarterly earnings results on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, meeting the consensus estimate of $1.80. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. Rockwell Collins’s revenue for the quarter was up 51.8% on a year-over-year basis. equities analysts forecast that Rockwell Collins, Inc. will post 7.18 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 13th were given a $0.33 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.32 annualized dividend and a yield of 0.98%. Rockwell Collins’s dividend payout ratio (DPR) is 27.62%.
In other Rockwell Collins news, Director Harlan Donnley Meade purchased 1,666,667 shares of Rockwell Collins stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of $0.06 per share, for a total transaction of $100,000.02. Also, VP Tatum J. Buse sold 19,170 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $135.36, for a total transaction of $2,594,851.20. Following the completion of the sale, the vice president now owns 3,722 shares of the company’s stock, valued at approximately $503,809.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 543,115 shares of company stock valued at $73,475,644. 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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