Ladenburg Thalmann Financial Services Inc. Has $1.78 Million Stake in Rockwell Collins, Inc. (COL)
Ladenburg Thalmann Financial Services Inc. decreased its holdings in shares of Rockwell Collins, Inc. (NYSE:COL) by 30.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,594 shares of the aerospace company’s stock after selling 5,880 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Rockwell Collins were worth $1,780,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Rockwell Collins by 27.0% during the 2nd quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock valued at $1,683,340,000 after purchasing an additional 3,410,680 shares during the last quarter. BlackRock Inc. grew its position in shares of Rockwell Collins by 27.9% during the 2nd quarter. BlackRock Inc. now owns 11,315,505 shares of the aerospace company’s stock valued at $1,189,034,000 after acquiring an additional 2,466,370 shares during the period. State Street Corp grew its position in shares of Rockwell Collins by 21.9% during the 2nd quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock valued at $750,304,000 after acquiring an additional 1,281,647 shares during the period. FMR LLC grew its position in shares of Rockwell Collins by 25.4% during the 2nd quarter. FMR LLC now owns 4,238,235 shares of the aerospace company’s stock valued at $445,354,000 after acquiring an additional 857,884 shares during the period. Finally, Pentwater Capital Management LP acquired a new stake in shares of Rockwell Collins during the 3rd quarter valued at about $420,886,000. 72.80% of the stock is currently owned by hedge funds and other institutional investors.
COL has been the topic of several research analyst reports. Credit Suisse Group reiterated a “neutral” rating on shares of Rockwell Collins in a report on Friday, September 1st. Vertical Research lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating and reduced their price target for the company from $143.00 to $140.00 in a research report on Tuesday, September 5th. Deutsche Bank lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research report on Tuesday, September 5th. Canaccord Genuity lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating and lifted their price target for the company from $125.00 to $140.00 in a research report on Tuesday, September 5th. Finally, Drexel Hamilton lowered Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Rockwell Collins currently has a consensus rating of “Hold” and a consensus price target of $128.85.
Rockwell Collins, Inc. (COL) opened at $134.53 on Friday. Rockwell Collins, Inc. has a one year low of $88.80 and a one year high of $136.50. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 1.10. The company has a market cap of $22,022.79, a price-to-earnings ratio of 22.49, a PEG ratio of 1.61 and a beta of 0.72.
Rockwell Collins (NYSE:COL) last issued its earnings results on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.80. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the firm posted $1.58 EPS. The business’s revenue for the quarter was up 51.8% compared to the same quarter last year. sell-side analysts forecast that Rockwell Collins, Inc. will post 7.18 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 13th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, November 10th. Rockwell Collins’s dividend payout ratio (DPR) is presently 27.62%.
In related news, VP Jeffrey D. Maclauchlan sold 7,634 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $133.24, for a total value of $1,017,154.16. Following the sale, the vice president now directly owns 9,179 shares in the company, valued at approximately $1,223,009.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Patrick E. Allen sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $135.34, for a total transaction of $4,736,900.00. The disclosure for this sale can be found here. Insiders sold a total of 543,115 shares of company stock valued at $73,475,644 over the last ninety days. Company insiders own 1.50% of the company’s stock.
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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