Teachers Advisors LLC boosted its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 20.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 442,386 shares of the aerospace company’s stock after buying an additional 75,872 shares during the quarter. Teachers Advisors LLC owned 0.27% of Rockwell Collins worth $46,486,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of COL. BlackRock Inc. grew its position in Rockwell Collins by 3,360.5% during the first 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 period. Franklin Resources Inc. grew its position in Rockwell Collins by 76.0% during the second 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 period. FMR LLC grew its position in Rockwell Collins by 39.4% during the first 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 period. Primecap Management Co. CA acquired a new position in Rockwell Collins during the first quarter worth about $55,546,000. Finally, Northwestern Mutual Investment Management Company LLC grew its position in Rockwell Collins by 1,980.8% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 550,314 shares of the aerospace company’s stock worth $46,854,000 after buying an additional 523,867 shares during the period. Institutional investors own 77.86% of the company’s stock.
In other Rockwell Collins news, Director Harlan Donnley Meade bought 1,666,667 shares of Rockwell Collins stock in a transaction on Friday, September 15th. The stock was purchased at an average cost of $0.06 per share, for a total transaction of $100,000.02. Over the last 90 days, insiders have purchased 1,678,667 shares of company stock valued at $100,960. 1.50% of the stock is currently owned by corporate insiders.
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Rockwell Collins, Inc. (NYSE COL) opened at 131.09 on Friday. The firm’s 50-day moving average is $125.58 and its 200-day moving average is $108.72. The stock has a market cap of $21.30 billion, a P/E ratio of 26.02 and a beta of 0.75. Rockwell Collins, Inc. has a 1-year low of $78.54 and a 1-year high of $135.31.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.58 by $0.06. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The firm’s quarterly revenue was up 57.0% compared to the same quarter last year. During the same period last year, the company posted $1.63 earnings per share. On average, analysts forecast that Rockwell Collins, Inc. will post $6.09 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 14th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, August 10th. Rockwell Collins’s dividend payout ratio is currently 26.04%.
Rockwell Collins announced that its board has initiated a share buyback plan on Friday, July 7th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the aerospace company to purchase up to 1.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
Several research analysts have weighed in on the stock. Canaccord Genuity lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating and upped their target price for the stock from $125.00 to $140.00 in a research report on Tuesday, September 5th. Drexel Hamilton lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Seaport Global Securities downgraded shares of Rockwell Collins from a “buy” rating to a “neutral” rating in a report on Wednesday, September 6th. Wolfe Research downgraded shares of Rockwell Collins from an “outperform” rating to a “peer perform” rating in a report on Wednesday, September 6th. Finally, Robert W. Baird 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 report on Wednesday. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $122.34.
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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