Fort Pitt Capital Group LLC Holds Holdings in Rockwell Collins, Inc. (COL)
Fort Pitt Capital Group LLC maintained its position in Rockwell Collins, Inc. (NYSE:COL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,623 shares of the aerospace company’s stock at the close of the 2nd quarter. Fort Pitt Capital Group LLC’s holdings in Rockwell Collins were worth $486,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Artemis Investment Management LLP acquired a new stake in Rockwell Collins during the second quarter valued at approximately $7,472,000. Rosenblum Silverman Sutton S F Inc. CA acquired a new stake in Rockwell Collins during the second quarter valued at approximately $4,120,000. Capital Analysts LLC acquired a new stake in Rockwell Collins during the second quarter valued at approximately $2,183,000. Schwab Charles Investment Management Inc. boosted its holdings in Rockwell Collins by 4.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 408,655 shares of the aerospace company’s stock valued at $39,705,000 after purchasing an additional 15,531 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in Rockwell Collins by 61.5% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 10,173 shares of the aerospace company’s stock valued at $1,069,000 after purchasing an additional 3,873 shares in the last quarter. 77.71% of the stock is currently owned by institutional investors.
In other news, Director Harlan Donnley Meade bought 1,666,667 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average price of $0.06 per share, with a total value of $100,000.02. 1.50% of the stock is owned by company insiders.
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Shares of Rockwell Collins, Inc. (NYSE COL) traded down 0.17% during trading on Friday, hitting $134.71. 1,052,796 shares of the stock traded hands. Rockwell Collins, Inc. has a 1-year low of $78.54 and a 1-year high of $135.31. The firm has a 50-day moving average of $131.32 and a 200-day moving average of $113.61. The firm has a market capitalization of $21.89 billion, a price-to-earnings ratio of 26.73 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.06. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the firm earned $1.63 earnings per share. Rockwell Collins’s quarterly revenue was up 57.0% on a year-over-year basis. On average, equities analysts forecast that Rockwell Collins, Inc. will post $6.09 earnings per share for the current year.
Rockwell Collins announced that its board has approved a share repurchase program on Friday, July 7th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the aerospace company to purchase up to 1.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
COL has been the topic of a number of recent research reports. Vetr raised Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 price objective on the stock in a report on Monday, August 21st. Canaccord Genuity upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating and lifted their target price for the company from $108.00 to $125.00 in a research note on Tuesday, August 1st. Morgan Stanley set a $135.00 target price on shares of Rockwell Collins and gave the company a “buy” rating in a research note on Thursday, August 17th. Citigroup Inc. lifted their target price on shares of Rockwell Collins from $93.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Finally, Credit Suisse Group reiterated a “neutral” rating on shares of Rockwell Collins in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $126.22.
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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