Gabelli Funds LLC Grows Holdings in Rockwell Collins, Inc. (COL)
Gabelli Funds LLC boosted its holdings in shares of Rockwell Collins, Inc. (NYSE:COL) by 91.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,852 shares of the company’s stock after buying an additional 28,100 shares during the quarter. Gabelli Funds LLC’s holdings in Rockwell Collins were worth $7,693,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in COL. CWM LLC raised its stake in Rockwell Collins by 0.4% during the 2nd quarter. CWM LLC now owns 1,216 shares of the company’s stock worth $128,000 after acquiring an additional 5 shares in the last quarter. Janney Capital Management LLC raised its stake in Rockwell Collins by 0.3% during the 2nd quarter. Janney Capital Management LLC now owns 4,665 shares of the company’s stock worth $490,000 after acquiring an additional 15 shares in the last quarter. Whittier Trust Co. raised its stake in Rockwell Collins by 3.2% during the 2nd quarter. Whittier Trust Co. now owns 1,141 shares of the company’s stock worth $120,000 after acquiring an additional 35 shares in the last quarter. Simmons Bank raised its stake in Rockwell Collins by 0.6% during the 2nd quarter. Simmons Bank now owns 7,593 shares of the company’s stock worth $799,000 after acquiring an additional 43 shares in the last quarter. Finally, OLD Second National Bank of Aurora raised its stake in Rockwell Collins by 0.4% during the 2nd quarter. OLD Second National Bank of Aurora now owns 16,627 shares of the company’s stock worth $1,747,000 after acquiring an additional 58 shares in the last quarter. Institutional investors own 77.96% of the company’s stock.
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Rockwell Collins, Inc. (NYSE COL) opened at GBX 133.58 ($1.76) on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.55 and a quick ratio of 0.75. The firm has a market cap of $21,746.69, a P/E ratio of 22.34, a PEG ratio of 1.60 and a beta of 0.73. Rockwell Collins, Inc. has a 52-week low of GBX 85.11 ($1.12) and a 52-week high of GBX 136.50 ($1.80).
Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, October 27th. The company reported GBX 1.80 ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of GBX 1.80 ($0.02). The business had revenue of GBX 219.30 billion during the quarter, compared to analyst estimates of GBX 222.97 billion. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The company’s revenue was up 51.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.58 earnings per share. analysts forecast that Rockwell Collins, Inc. will post 7.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, November 10th. Rockwell Collins’s dividend payout ratio is presently 27.62%.
In other Rockwell Collins news, VP Tatum J. Buse sold 19,170 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of GBX 135.36 ($1.78), for a total transaction of £25,948.51 ($34,129.31). Following the completion of the sale, the vice president now directly owns 3,722 shares in the company, valued at £5,038.10 ($6,626.46). The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harlan Donnley Meade acquired 1,666,667 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were acquired at an average price of GBX 0.06 ($0.00) per share, with a total value of £1,000 ($1,315.27). In the last three months, insiders sold 527,680 shares of company stock valued at $71,420,546. Company insiders own 1.50% of the company’s stock.
COL has been the topic of several research analyst reports. Canaccord Genuity upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating and lifted their price target for the stock from $108.00 to $125.00 in a research note on Tuesday, August 1st. Credit Suisse Group reissued a “buy” rating and set a $120.00 price objective on shares of Rockwell Collins in a research report on Wednesday, July 19th. 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. Vertical Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and raised their price objective for the stock from $130.00 to $143.00 in a research report on Tuesday, August 22nd. Finally, ValuEngine raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 128.85 ($1.69).
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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