Advisor Partners LLC Has $357,000 Position in Rockwell Collins, Inc. (COL)
Advisor Partners LLC raised its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 33.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 3,397 shares of the aerospace company’s stock after buying an additional 853 shares during the period. Advisor Partners LLC’s holdings in Rockwell Collins were worth $357,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in COL. Pictet Asset Management Ltd. boosted its position in Rockwell Collins by 11.8% in the second quarter. Pictet Asset Management Ltd. now owns 147,099 shares of the aerospace company’s stock valued at $16,041,000 after buying an additional 15,547 shares during the period. TD Asset Management Inc. boosted its position in Rockwell Collins by 73.5% in the second quarter. TD Asset Management Inc. now owns 627,655 shares of the aerospace company’s stock valued at $65,954,000 after buying an additional 265,855 shares during the period. Retirement Systems of Alabama boosted its position in Rockwell Collins by 24.5% in the second quarter. Retirement Systems of Alabama now owns 78,732 shares of the aerospace company’s stock valued at $8,273,000 after buying an additional 15,492 shares during the period. IFP Advisors Inc boosted its position in Rockwell Collins by 7.7% in the second quarter. IFP Advisors Inc now owns 6,922 shares of the aerospace company’s stock valued at $727,000 after buying an additional 492 shares during the period. Finally, JLB & Associates Inc. acquired a new position in Rockwell Collins during the second quarter valued at about $4,916,000. 66.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rockwell Collins, Inc. (NYSE:COL) opened at 125.75 on Friday. The stock has a 50 day moving average price of $110.61 and a 200 day moving average price of $102.21. The stock has a market capitalization of $20.43 billion, a price-to-earnings ratio of 24.96 and a beta of 0.78. Rockwell Collins, Inc. has a 1-year low of $78.54 and a 1-year high of $128.43.
Rockwell Collins (NYSE:COL) last posted its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.06. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 earnings per share. Equities research analysts anticipate that Rockwell Collins, Inc. will post $6.08 EPS for the current year.
Rockwell Collins declared that its board has authorized a share repurchase plan on Friday, July 7th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the aerospace company to buy up to 1.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 14th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.32 dividend on an annualized basis and a yield of 1.05%. Rockwell Collins’s dividend payout ratio is presently 26.04%.
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Several equities analysts recently issued reports on the company. BidaskClub raised Rockwell Collins from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine cut Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Cowen and Company reaffirmed a “hold” rating and issued a $115.00 price objective on shares of Rockwell Collins in a research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) set a $96.00 price objective on Rockwell Collins and gave the company a “sell” rating in a research report on Tuesday, August 1st. Finally, Canaccord Genuity raised Rockwell Collins from a “hold” rating to a “buy” rating and upped their price objective for the company from $108.00 to $125.00 in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $113.79.
In related news, VP Jeffrey A. Standerski sold 6,300 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $108.44, for a total transaction of $683,172.00. Following the completion of the transaction, the vice president now directly owns 10,519 shares in the company, valued at $1,140,680.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 18,000 shares of company stock valued at $1,480 over the last 90 days. 1.50% of the stock is currently owned by insiders.
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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