KBC Group NV Reduces Stake in Rockwell Collins, Inc. (COL)
KBC Group NV lowered its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,088 shares of the aerospace company’s stock after selling 500 shares during the period. KBC Group NV’s holdings in Rockwell Collins were worth $2,840,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in COL. North Star Investment Management Corp. bought a new stake in shares of Rockwell Collins during the second quarter worth about $135,000. Piedmont Investment Advisors LLC bought a new stake in shares of Rockwell Collins during the second quarter worth about $258,000. FNY Investment Advisers LLC bought a new stake in shares of Rockwell Collins during the second quarter worth about $12,959,000. J. L. Bainbridge & Co. Inc. bought a new stake in shares of Rockwell Collins during the second quarter worth about $309,000. Finally, Koch Industries Inc. increased its position in shares of Rockwell Collins by 538.7% during the first quarter. Koch Industries Inc. now owns 99,000 shares of the aerospace company’s stock worth $13,350,000 after acquiring an additional 83,500 shares in the last quarter. Hedge funds and other institutional investors own 65.99% of the company’s stock.
Shares of COL stock opened at $137.51 on Friday. Rockwell Collins, Inc. has a 52-week low of $121.46 and a 52-week high of $139.63. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $22.37 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.80 and a beta of 0.64.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Monday, August 20th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, August 17th. Rockwell Collins’s payout ratio is 21.46%.
COL has been the subject of several recent research reports. ValuEngine downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Zacks Investment Research downgraded shares of Rockwell Collins from a “hold” rating to a “sell” rating in a research report on Wednesday, May 16th. Finally, Cowen reissued a “hold” rating and set a $135.00 target price on shares of Rockwell Collins in a research report on Friday, July 27th. Sixteen investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $140.46.
Rockwell Collins 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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