Norinchukin Bank The Grows Position in Rockwell Collins, Inc. (COL)
Norinchukin Bank The increased its position in shares of Rockwell Collins, Inc. (NYSE:COL) by 32.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,268 shares of the aerospace company’s stock after purchasing an additional 2,767 shares during the quarter. Norinchukin Bank The’s holdings in Rockwell Collins were worth $1,184,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Rockwell Collins by 4.1% during the first quarter. Vanguard Group Inc. now owns 12,608,914 shares of the aerospace company’s stock worth $1,225,082,000 after purchasing an additional 497,170 shares during the period. BlackRock Inc. lifted its holdings in shares of Rockwell Collins by 3,360.5% during the first quarter. BlackRock Inc. now owns 8,849,135 shares of the aerospace company’s stock worth $859,783,000 after purchasing an additional 8,593,416 shares during the period. State Street Corp lifted its holdings in Rockwell Collins by 1.6% in the first quarter. State Street Corp now owns 5,858,531 shares of the aerospace company’s stock valued at $569,219,000 after acquiring an additional 90,699 shares during the period. FMR LLC lifted its holdings in Rockwell Collins by 39.4% in the first quarter. FMR LLC now owns 3,380,351 shares of the aerospace company’s stock valued at $328,435,000 after acquiring an additional 955,588 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in Rockwell Collins by 10.5% in the first quarter. Clearbridge Investments LLC now owns 3,362,286 shares of the aerospace company’s stock valued at $326,680,000 after acquiring an additional 319,567 shares during the period. 72.31% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Harlan Donnley Meade purchased 1,666,667 shares of the company’s stock in a transaction on Friday, September 15th. The stock was bought at an average price of $0.06 per share, with a total value of $100,000.02. Insiders have acquired 1,675,667 shares of company stock valued at $100,720 in the last three months. 1.50% of the stock is currently owned by company insiders.
Shares of Rockwell Collins, Inc. (COL) opened at 131.09 on Monday. The stock has a market capitalization of $21.30 billion, a PE ratio of 26.02 and a beta of 0.75. The company’s 50 day moving average price is $125.58 and its 200 day moving average price is $108.72. Rockwell Collins, Inc. has a 12 month low of $78.54 and a 12 month high of $135.31.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.06. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations 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 was up 57.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 earnings per share. Equities analysts anticipate that Rockwell Collins, Inc. will post $6.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, August 10th. Rockwell Collins’s payout ratio is 26.04%.
Rockwell Collins declared that its board has authorized a stock repurchase program on Friday, July 7th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the aerospace company to reacquire up to 1.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
A number of brokerages have issued reports on COL. Canaccord Genuity downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Wolfe Research downgraded Rockwell Collins from an “outperform” rating to a “peer perform” rating in a report on Wednesday, September 6th. Jefferies Group LLC set a $108.00 price target on Rockwell Collins and gave the company a “hold” rating in a report on Monday, May 22nd. Bank of America Corporation decreased their price target on Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, June 9th. Finally, BidaskClub raised Rockwell Collins from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $122.34.
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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