2,987 Shares in Rockwell Collins, Inc. (COL) Purchased by Bayesian Capital Management LP
Bayesian Capital Management LP purchased a new position in Rockwell Collins, Inc. (NYSE:COL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,987 shares of the aerospace company’s stock, valued at approximately $314,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. NEXT Financial Group Inc boosted its position in Rockwell Collins by 35.7% during the second quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock worth $100,000 after purchasing an additional 250 shares in the last quarter. Jacobi Capital Management LLC grew its holdings in Rockwell Collins by 30.0% in the second quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 231 shares during the period. Whittier Trust Co. increased its position in shares of Rockwell Collins by 3.2% in the second quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock valued at $120,000 after buying an additional 35 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Rockwell Collins by 31.1% in the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock valued at $114,000 after buying an additional 278 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. purchased a new stake in shares of Rockwell Collins in the second quarter valued at approximately $124,000. 72.31% of the stock is owned by institutional investors.
COL has been the topic of a number of recent analyst reports. Vetr upgraded 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 price target for the stock from $108.00 to $125.00 in a report on Tuesday, August 1st. Morgan Stanley set a $135.00 price objective on shares of Rockwell Collins and gave the stock a “buy” rating in a research report on Thursday, August 17th. Citigroup Inc. upped their price objective 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 reaffirmed a “neutral” rating on shares of Rockwell Collins in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $123.46.
Rockwell Collins, Inc. (NYSE:COL) opened at 130.71 on Monday. The firm has a market capitalization of $21.24 billion, a price-to-earnings ratio of 25.94 and a beta of 0.73. The firm has a 50-day moving average of $126.75 and a 200 day moving average of $109.38. Rockwell Collins, Inc. has a 12-month low of $78.54 and a 12-month high of $135.31.
Rockwell Collins (NYSE:COL) last released its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.06. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. The business’s revenue for the quarter was up 57.0% compared to the same quarter last year. On average, equities analysts predict that Rockwell Collins, Inc. will post $6.09 EPS for the current year.
Rockwell Collins declared that its Board of Directors has authorized a share repurchase program on Friday, July 7th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the aerospace company to buy up to 1.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 14th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, August 10th. Rockwell Collins’s payout ratio is currently 26.04%.
In related news, Director Harlan Donnley Meade acquired 1,666,667 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of $0.06 per share, for a total transaction of $100,000.02. 1.50% of the stock is owned by company insiders.
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Rockwell Collins 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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