AMP Capital Investors Ltd Reduces Stake in Rockwell Collins, Inc. (COL)
AMP Capital Investors Ltd lessened its holdings in shares of Rockwell Collins, Inc. (NYSE:COL) by 7.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 48,279 shares of the aerospace company’s stock after selling 3,680 shares during the period. AMP Capital Investors Ltd’s holdings in Rockwell Collins were worth $6,755,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in COL. TD Asset Management Inc. boosted its holdings in shares of Rockwell Collins by 0.8% during the 2nd quarter. TD Asset Management Inc. now owns 49,794 shares of the aerospace company’s stock valued at $6,706,000 after buying an additional 378 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Rockwell Collins by 61.8% in the 2nd quarter. Wells Fargo & Company MN now owns 398,102 shares of the aerospace company’s stock worth $53,616,000 after purchasing an additional 151,983 shares in the last quarter. Integrated Investment Consultants LLC bought a new position in Rockwell Collins in the 2nd quarter worth about $108,000. Victory Capital Management Inc. boosted its stake in Rockwell Collins by 12.0% in the 2nd quarter. Victory Capital Management Inc. now owns 31,617 shares of the aerospace company’s stock worth $4,258,000 after purchasing an additional 3,386 shares in the last quarter. Finally, Global Financial Private Capital LLC boosted its stake in Rockwell Collins by 34.2% in the 2nd quarter. Global Financial Private Capital LLC now owns 9,142 shares of the aerospace company’s stock worth $1,231,000 after purchasing an additional 2,330 shares in the last quarter. Hedge funds and other institutional investors own 68.70% of the company’s stock.
A number of equities analysts recently issued reports on COL shares. Zacks Investment Research cut shares of Rockwell Collins from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. Seaport Global Securities reiterated a “neutral” rating on shares of Rockwell Collins in a research note on Monday, September 17th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $141.25.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Thursday, November 15th. Rockwell Collins’s payout ratio is 21.46%.
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Rockwell Collins Company 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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