New Mexico Educational Retirement Board reduced its position in Rockwell Collins, Inc. (NYSE:COL) by 5.3% during the second quarter, Holdings Channel reports. The institutional investor owned 12,568 shares of the aerospace company’s stock after selling 700 shares during the period. New Mexico Educational Retirement Board’s holdings in Rockwell Collins were worth $1,339,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. Cigna Investments Inc. New increased its stake in shares of Rockwell Collins by 17.7% in the second quarter. Cigna Investments Inc. New now owns 6,275 shares of the aerospace company’s stock worth $659,000 after buying an additional 944 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Rockwell Collins by 26.2% in the second quarter. Global X Management Co. LLC now owns 1,480 shares of the aerospace company’s stock worth $156,000 after buying an additional 307 shares in the last quarter. Pioneer Investment Management Inc. bought a new stake in shares of Rockwell Collins during the second quarter worth about $25,492,000. BP PLC increased its stake in shares of Rockwell Collins by 243.8% in the second quarter. BP PLC now owns 55,000 shares of the aerospace company’s stock worth $5,779,000 after buying an additional 39,000 shares in the last quarter. Finally, Advisor Partners LLC increased its stake in shares of Rockwell Collins by 33.5% in the second quarter. Advisor Partners LLC now owns 3,397 shares of the aerospace company’s stock worth $357,000 after buying an additional 853 shares in the last quarter. Institutional investors own 66.74% of the company’s stock.

Shares of Rockwell Collins, Inc. (COL) opened at 124.58 on Friday. The company has a 50 day moving average price of $111.19 and a 200 day moving average price of $102.45. The company has a market capitalization of $20.24 billion, a P/E ratio of 24.72 and a beta of 0.78. Rockwell Collins, Inc. has a 12-month low of $78.54 and a 12-month high of $128.43.

Rockwell Collins (NYSE:COL) last posted its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.06. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. Rockwell Collins’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 EPS. Equities analysts anticipate that Rockwell Collins, Inc. will post $6.08 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Collins’s dividend payout ratio is currently 26.04%.

Rockwell Collins announced that its board has initiated a share repurchase plan on Friday, July 7th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the aerospace company to buy up to 1.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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A number of brokerages recently issued reports on COL. BidaskClub upgraded Rockwell Collins from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. ValuEngine downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Cowen and Company restated a “hold” rating and issued a $115.00 price target on shares of Rockwell Collins in a research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) set a $96.00 price target on Rockwell Collins and gave the stock a “sell” rating in a research report on Tuesday, August 1st. Finally, Canaccord Genuity upgraded Rockwell Collins from a “hold” rating to a “buy” rating and lifted their target price for the stock from $108.00 to $125.00 in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $113.79.

In other Rockwell Collins news, VP Jeffrey A. Standerski sold 6,300 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $108.44, for a total value of $683,172.00. Following the sale, the vice president now owns 10,519 shares of the company’s stock, valued at approximately $1,140,680.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired a total of 18,000 shares of company stock worth $1,480 in the last ninety days. 1.50% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for Rockwell Collins (NYSE:COL)

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