Raymond James & Associates Has $5.82 Million Holdings in Rockwell Collins, Inc. (COL)
Raymond James & Associates raised its stake in Rockwell Collins, Inc. (NYSE:COL) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,229 shares of the aerospace company’s stock after purchasing an additional 441 shares during the quarter. Raymond James & Associates’ holdings in Rockwell Collins were worth $5,822,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of Rockwell Collins by 9.5% in the 2nd quarter. BlackRock Inc. now owns 13,207,554 shares of the aerospace company’s stock valued at $1,778,795,000 after buying an additional 1,147,095 shares during the period. Farallon Capital Management LLC lifted its holdings in shares of Rockwell Collins by 113.4% in the 1st quarter. Farallon Capital Management LLC now owns 5,395,000 shares of the aerospace company’s stock valued at $727,516,000 after buying an additional 2,866,956 shares during the period. Alpine Associates Management Inc. lifted its holdings in shares of Rockwell Collins by 11.8% in the 2nd quarter. Alpine Associates Management Inc. now owns 2,060,600 shares of the aerospace company’s stock valued at $278,263,000 after buying an additional 218,100 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Rockwell Collins by 47.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,052,150 shares of the aerospace company’s stock valued at $141,881,000 after buying an additional 339,655 shares during the period. Finally, Water Island Capital LLC lifted its holdings in shares of Rockwell Collins by 74.7% in the 1st quarter. Water Island Capital LLC now owns 947,800 shares of the aerospace company’s stock valued at $127,811,000 after buying an additional 405,368 shares during the period. Institutional investors own 67.49% of the company’s stock.
Several analysts have recently commented on COL shares. Zacks Investment Research cut Rockwell Collins from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. Cowen reissued a “hold” rating and issued a $135.00 price target on shares of Rockwell Collins in a report on Friday, July 27th. Seaport Global Securities reissued a “neutral” rating on shares of Rockwell Collins in a report on Monday, September 17th. Finally, ValuEngine cut Rockwell Collins from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. Rockwell Collins presently has a consensus rating of “Hold” and a consensus target price of $137.00.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings data on Friday, July 27th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.16). The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.23 billion. Rockwell Collins had a return on equity of 17.75% and a net margin of 11.70%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 earnings per share. research analysts predict that Rockwell Collins, Inc. will post 7.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 20th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, August 17th. This represents a $1.32 annualized dividend and a yield of 0.94%. Rockwell Collins’s dividend payout ratio is presently 21.46%.
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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