Clifford Swan Investment Counsel LLC trimmed its position in Rockwell Collins (NYSE:COL) by 18.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,344 shares of the aerospace company’s stock after selling 750 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Rockwell Collins were worth $451,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COL. Farallon Capital Management LLC acquired a new stake in Rockwell Collins in the fourth quarter worth approximately $342,853,000. BlackRock Inc. lifted its position in Rockwell Collins by 4.6% in the fourth quarter. BlackRock Inc. now owns 11,987,278 shares of the aerospace company’s stock worth $1,625,714,000 after purchasing an additional 523,172 shares during the period. Cowen Inc. lifted its position in Rockwell Collins by 2,640.7% in the fourth quarter. Cowen Inc. now owns 507,035 shares of the aerospace company’s stock worth $68,764,000 after purchasing an additional 488,535 shares during the period. Renaissance Technologies LLC acquired a new stake in Rockwell Collins in the fourth quarter worth approximately $55,047,000. Finally, Wolverine Asset Management LLC acquired a new stake in Rockwell Collins in the fourth quarter worth approximately $54,248,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.
Shares of NYSE:COL opened at $135.98 on Friday. Rockwell Collins has a one year low of $135.16 and a one year high of $135.59. The firm has a market cap of $22.18 billion, a PE ratio of 19.75, a P/E/G ratio of 1.77 and a beta of 0.71. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.61 and a quick ratio of 0.79.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Friday, April 27th. The aerospace company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. Rockwell Collins had a return on equity of 18.20% and a net margin of 10.72%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. The company’s quarterly revenue was up 62.4% compared to the same quarter last year. equities research analysts expect that Rockwell Collins will post 7.21 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 4th. Shareholders of record on Tuesday, May 15th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Monday, May 14th. Rockwell Collins’s dividend payout ratio (DPR) is currently 21.46%.
COL has been the subject of a number of research analyst reports. Royal Bank of Canada set a $151.00 target price on Rockwell Collins and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Cowen restated a “hold” rating and issued a $135.00 target price on shares of Rockwell Collins in a research report on Friday, January 26th. Canaccord Genuity cut their target price on Rockwell Collins from $140.00 to $137.00 and set a “hold” rating for the company in a research report on Tuesday, January 30th. ValuEngine upgraded Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research upgraded Rockwell Collins from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Rockwell Collins currently has an average rating of “Hold” and an average price target of $134.13.
Rockwell Collins Profile
Rockwell Collins, Inc designs, produces, and supports communications and aviation systems worldwide. The company's Interior Systems segment offers commercial aircraft seats; galley structures, food and beverage preparation equipment, and water and waste systems; oxygen and passenger service equipment; cabin lighting systems; and business jet and general aviation interior products.
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