Amundi Pioneer Asset Management Inc. increased its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 84.9% during the 4th quarter, Holdings Channel reports. The firm owned 173,193 shares of the aerospace company’s stock after acquiring an additional 79,507 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Rockwell Collins were worth $23,490,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in COL. Raymond James Financial Services Advisors Inc. grew its stake in shares of Rockwell Collins by 375.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 144,995 shares of the aerospace company’s stock valued at $18,954,000 after purchasing an additional 114,499 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Rockwell Collins by 13.3% during the third quarter. Gamco Investors INC. ET AL now owns 33,820 shares of the aerospace company’s stock valued at $4,421,000 after purchasing an additional 3,967 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of Rockwell Collins during the third quarter valued at approximately $43,690,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Rockwell Collins during the third quarter valued at approximately $5,421,000. Finally, Toronto Dominion Bank grew its stake in shares of Rockwell Collins by 11.8% during the third quarter. Toronto Dominion Bank now owns 63,272 shares of the aerospace company’s stock valued at $8,270,000 after purchasing an additional 6,658 shares during the last quarter. 67.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rockwell Collins, Inc. (NYSE COL) opened at $136.43 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 1.56 and a debt-to-equity ratio of 1.02. The firm has a market cap of $22,340.00, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 1.81 and a beta of 0.70. Rockwell Collins, Inc. has a twelve month low of $95.62 and a twelve month high of $139.63.
The company also recently announced a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Monday, February 12th were issued a $0.33 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.32 annualized dividend and a yield of 0.97%. Rockwell Collins’s dividend payout ratio (DPR) is presently 26.99%.
Several research firms have recently commented on COL. Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $153.00 price target on the stock in a research note on Thursday, January 4th. ValuEngine upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Canaccord Genuity cut their price objective on shares of Rockwell Collins from $140.00 to $137.00 and set a “hold” rating on the stock in a report on Tuesday, January 30th. Royal Bank of Canada set a $151.00 price objective on shares of Rockwell Collins and gave the company a “hold” rating in a report on Wednesday, January 24th. Finally, Wells Fargo & Co lowered shares of Rockwell Collins from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $133.95.
In other Rockwell Collins news, CFO Patrick E. Allen sold 25,410 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $135.02, for a total value of $3,430,858.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Douglas E. Stenske sold 3,287 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $135.00, for a total transaction of $443,745.00. Following the completion of the sale, the vice president now owns 8,776 shares in the company, valued at $1,184,760. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
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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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