Vanguard Group Inc. Boosts Position in Rockwell Collins Inc. (COL)
Vanguard Group Inc. boosted its stake in shares of Rockwell Collins Inc. (NYSE:COL) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,490,805 shares of the company’s stock after buying an additional 241,884 shares during the period. Vanguard Group Inc. owned 8.84% of Rockwell Collins worth $978,328,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of COL. Stratos Wealth Partners LTD. boosted its stake in Rockwell Collins by 0.9% in the first quarter. Stratos Wealth Partners LTD. now owns 2,185 shares of the company’s stock valued at $202,000 after buying an additional 20 shares in the last quarter. Parametrica Management Ltd acquired a new stake in Rockwell Collins during the second quarter valued at approximately $205,000. Telemus Capital LLC acquired a new stake in Rockwell Collins during the second quarter valued at approximately $209,000. Murphy Capital Management Inc. boosted its stake in Rockwell Collins by 36.4% in the second quarter. Murphy Capital Management Inc. now owns 3,000 shares of the company’s stock valued at $255,000 after buying an additional 800 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Rockwell Collins by 0.4% in the second quarter. Signaturefd LLC now owns 3,071 shares of the company’s stock valued at $261,000 after buying an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 76.45% of the company’s stock.
Shares of Rockwell Collins Inc. (NYSE:COL) traded up 1.43% during mid-day trading on Thursday, reaching $84.66. The company had a trading volume of 34,440 shares. Rockwell Collins Inc. has a one year low of $76.03 and a one year high of $95.11. The company has a 50 day moving average price of $83.95 and a 200 day moving average price of $87.36. The company has a market capitalization of $11.00 billion, a price-to-earnings ratio of 15.95 and a beta of 0.62.
Rockwell Collins (NYSE:COL) last announced its earnings results on Monday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.04. Rockwell Collins had a return on equity of 37.06% and a net margin of 13.54%. The firm earned $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the company earned $1.33 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. On average, analysts anticipate that Rockwell Collins Inc. will post $5.50 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 15th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Thursday, August 11th. Rockwell Collins’s dividend payout ratio is currently 24.81%.
Several equities research analysts recently commented on the company. Morgan Stanley assumed coverage on Rockwell Collins in a research note on Thursday, June 23rd. They set an “equal weight” rating for the company. Zacks Investment Research cut Rockwell Collins from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Jefferies Group reaffirmed a “hold” rating and set a $92.00 target price on shares of Rockwell Collins in a research note on Wednesday, August 10th. Argus cut Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Finally, Canaccord Genuity cut Rockwell Collins from a “buy” rating to a “hold” rating and decreased their target price for the stock from $100.00 to $94.00 in a research note on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $91.00.
In related news, CEO Robert Kelly Ortberg sold 25,474 shares of the company’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $84.97, for a total value of $2,164,525.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Bruce Michael King sold 3,174 shares of the company’s stock in a transaction that occurred on Thursday, July 14th. The stock was sold at an average price of $85.48, for a total value of $271,313.52. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
About Rockwell Collins
Rockwell Collins, Inc is engaged in design, production and support of communications and aviation electronics for commercial and military customers around the world. The Company’s products and systems are focused on aviation applications. It operates in two segments: Government Systems and Commercial Systems.
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