Choate Investment Advisors maintained its stake in Rockwell Collins, Inc. (NYSE:COL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,258 shares of the aerospace company’s stock at the end of the second quarter. Choate Investment Advisors’ holdings in Rockwell Collins were worth $342,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of COL. BlackRock Inc. grew its stake in Rockwell Collins by 3,360.5% during the 1st quarter. BlackRock Inc. now owns 8,849,135 shares of the aerospace company’s stock worth $859,783,000 after buying an additional 8,593,416 shares during the last quarter. Franklin Resources Inc. grew its stake in Rockwell Collins by 76.0% during the 2nd quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock worth $315,130,000 after buying an additional 1,295,052 shares during the last quarter. FMR LLC grew its stake in Rockwell Collins by 39.4% during the 1st quarter. FMR LLC now owns 3,380,351 shares of the aerospace company’s stock worth $328,435,000 after buying an additional 955,588 shares during the last quarter. Standard Life Investments LTD grew its stake in Rockwell Collins by 139.6% during the 2nd quarter. Standard Life Investments LTD now owns 1,065,815 shares of the aerospace company’s stock worth $112,000,000 after buying an additional 620,936 shares during the last quarter. Finally, Primecap Management Co. CA bought a new position in Rockwell Collins during the 1st quarter worth $55,546,000. Hedge funds and other institutional investors own 77.86% of the company’s stock.
In other news, Director Harlan Donnley Meade bought 1,666,667 shares of the stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of $0.06 per share, with a total value of $100,000.02. Insiders bought a total of 1,678,667 shares of company stock valued at $100,960 over the last three months. Insiders own 1.50% of the company’s stock.
COL has been the subject of a number of recent research reports. Credit Suisse Group restated a “buy” rating and set a $120.00 price objective on shares of Rockwell Collins in a research note on Wednesday, July 19th. Citigroup Inc. increased their price target on Rockwell Collins from $93.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. Jefferies Group LLC reissued a “hold” rating and issued a $115.00 price target on shares of Rockwell Collins in a research note on Sunday, September 3rd. Buckingham Research reissued a “neutral” rating on shares of Rockwell Collins in a research note on Tuesday, September 5th. Finally, Drexel Hamilton cut Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $122.34.
Shares of Rockwell Collins, Inc. (NYSE COL) traded down 0.20% during midday trading on Friday, hitting $131.09. The stock had a trading volume of 2,931,876 shares. The firm’s 50-day moving average price is $125.58 and its 200-day moving average price is $108.72. Rockwell Collins, Inc. has a one year low of $78.54 and a one year high of $135.31. The firm has a market capitalization of $21.30 billion, a PE ratio of 26.02 and a beta of 0.75.
Rockwell Collins (NYSE:COL) last released its earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.06. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The business’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same period last year, the firm earned $1.63 EPS. On average, equities analysts predict that Rockwell Collins, Inc. will post $6.09 EPS for the current year.
Rockwell Collins announced that its Board of Directors has approved a share repurchase program on Friday, July 7th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the aerospace company to repurchase up to 1.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th were paid a $0.33 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.32 annualized dividend and a dividend yield of 1.01%. Rockwell Collins’s dividend payout ratio (DPR) is currently 26.04%.
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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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