ETRADE Capital Management LLC lifted its position in Rockwell Collins, Inc. (NYSE:COL) by 173.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,169 shares of the aerospace company’s stock after buying an additional 12,793 shares during the period. ETRADE Capital Management LLC’s holdings in Rockwell Collins were worth $2,636,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. K2 Principal Fund L.P. purchased a new position in shares of Rockwell Collins in the 3rd quarter worth approximately $3,921,000. BBT Capital Management LLC purchased a new position in shares of Rockwell Collins in the 3rd quarter worth approximately $19,607,000. Guyasuta Investment Advisors Inc. purchased a new stake in Rockwell Collins during the 3rd quarter worth approximately $614,000. Camden National Bank grew its position in Rockwell Collins by 2.3% during the 3rd quarter. Camden National Bank now owns 55,529 shares of the aerospace company’s stock worth $7,258,000 after purchasing an additional 1,260 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in Rockwell Collins during the 3rd quarter worth approximately $7,843,000. 75.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Rockwell Collins, Inc. (COL) opened at $132.58 on Monday. The company has a market cap of $21,600.00, a price-to-earnings ratio of 22.17, a PEG ratio of 1.59 and a beta of 0.73. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 1.10. Rockwell Collins, Inc. has a twelve month low of $88.80 and a twelve month high of $136.50.
Rockwell Collins (NYSE:COL) last released its quarterly earnings data 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 business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the firm earned $1.58 EPS. The business’s revenue for the quarter was up 51.8% on a year-over-year basis. sell-side analysts predict that Rockwell Collins, Inc. will post 7.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 13th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, November 10th. Rockwell Collins’s dividend payout ratio is currently 27.62%.
Several analysts have weighed in on COL shares. Vetr raised shares of Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 target price on the stock in a research report on Monday, August 21st. Canaccord Genuity raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and boosted their target price for the stock from $108.00 to $125.00 in a research report on Tuesday, August 1st. Morgan Stanley set a $135.00 target price on shares of Rockwell Collins and gave the stock a “buy” rating in a research report on Thursday, August 17th. Citigroup Inc. boosted their target price on shares of Rockwell Collins from $93.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 15th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Rockwell Collins in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $128.85.
In related news, 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 value of $518,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Tatum J. Buse sold 19,170 shares of the business’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 transaction, the vice president now owns 3,722 shares of the company’s stock, valued at $503,809.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 535,481 shares of company stock valued at $72,458,490. Company insiders own 1.50% of the company’s stock.
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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