Gamco Investors INC. ET AL increased its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 38.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 46,861 shares of the aerospace company’s stock after acquiring an additional 13,041 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Rockwell Collins were worth $6,355,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Fieldpoint Private Securities LLC bought a new position in Rockwell Collins during the third quarter worth $100,000. FNY Partners Fund LP bought a new position in Rockwell Collins during the third quarter worth $104,000. Cerebellum GP LLC bought a new position in Rockwell Collins during the fourth quarter worth $130,000. North Star Investment Management Corp. increased its position in Rockwell Collins by 1,010.1% during the fourth quarter. North Star Investment Management Corp. now owns 1,099 shares of the aerospace company’s stock worth $149,000 after acquiring an additional 1,000 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Rockwell Collins during the third quarter worth $178,000. 71.74% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Robert A. Sturgell sold 1,734 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $132.10, for a total value of $229,061.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP David J. Nieuwsma sold 3,900 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $133.00, for a total transaction of $518,700.00. The disclosure for this sale can be found here. Insiders sold a total of 41,965 shares of company stock worth $5,639,519 in the last 90 days. 1.10% of the stock is owned by corporate insiders.
Rockwell Collins (NYSE:COL) last issued its earnings results on Friday, January 26th. The aerospace company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.06. Rockwell Collins had a net margin of 10.99% and a return on equity of 19.58%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the company earned $1.20 EPS. The firm’s revenue for the quarter was up 68.6% compared to the same quarter last year. equities analysts forecast that Rockwell Collins, Inc. will post 7.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Monday, February 12th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $1.32 annualized dividend and a dividend yield of 0.99%. Rockwell Collins’s dividend payout ratio is presently 24.58%.
A number of equities analysts recently issued reports on COL shares. Cowen reaffirmed a “hold” rating and set a $135.00 target price on shares of Rockwell Collins in a research report on Friday, January 26th. Royal Bank of Canada set a $140.00 target price on shares of Rockwell Collins and gave the stock a “hold” rating in a research report on Sunday, November 12th. Credit Suisse Group downgraded shares of Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 price target on the stock. in a research note on Wednesday, November 8th. Zacks Investment Research downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Monday, January 15th. Finally, ValuEngine upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $134.01.
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Rockwell Collins 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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