Sentry Investment Management LLC boosted its holdings in shares of Rockwell Collins, Inc. (NYSE:COL) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,707 shares of the aerospace company’s stock after purchasing an additional 104 shares during the period. Sentry Investment Management LLC’s holdings in Rockwell Collins were worth $1,020,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CWM LLC lifted its stake in Rockwell Collins by 0.4% during the second quarter. CWM LLC now owns 1,216 shares of the aerospace company’s stock worth $128,000 after purchasing an additional 5 shares during the last quarter. Janney Capital Management LLC lifted its stake in Rockwell Collins by 0.3% during the second quarter. Janney Capital Management LLC now owns 4,665 shares of the aerospace company’s stock worth $490,000 after purchasing an additional 15 shares during the last quarter. United Capital Financial Advisers LLC lifted its stake in Rockwell Collins by 0.3% during the first quarter. United Capital Financial Advisers LLC now owns 5,783 shares of the aerospace company’s stock worth $562,000 after purchasing an additional 17 shares during the last quarter. Whittier Trust Co. lifted its stake in Rockwell Collins by 3.2% during the second quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock worth $120,000 after purchasing an additional 35 shares during the last quarter. Finally, Simmons Bank lifted its stake in Rockwell Collins by 0.6% during the second quarter. Simmons Bank now owns 7,593 shares of the aerospace company’s stock worth $799,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 77.75% of the company’s stock.

Rockwell Collins, Inc. (NYSE:COL) traded up 0.41% during mid-day trading on Friday, reaching $135.12. The company had a trading volume of 187,400 shares. The firm has a 50-day moving average price of $131.89 and a 200 day moving average price of $114.65. The firm has a market capitalization of $21.95 billion, a price-to-earnings ratio of 26.81 and a beta of 0.73. Rockwell Collins, Inc. has a 12-month low of $78.54 and a 12-month high of $135.31.

Rockwell Collins (NYSE:COL) last posted its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.06. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The firm’s revenue for the quarter 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. Analysts expect that Rockwell Collins, Inc. will post $6.10 EPS for the current year.

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

COL has been the subject of several recent analyst reports. Credit Suisse Group restated a “buy” rating and set a $120.00 target price on shares of Rockwell Collins in a research note on Wednesday, July 19th. BidaskClub upgraded Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded Rockwell Collins from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research note on Wednesday, July 12th. ValuEngine upgraded Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Canaccord Genuity upgraded Rockwell Collins from a “hold” rating to a “buy” rating and upped their target price for the stock from $108.00 to $125.00 in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $126.22.

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In other Rockwell Collins news, Director Harlan Donnley Meade purchased 1,666,667 shares of the stock in a transaction on Friday, September 15th. The stock was acquired at an average cost of $0.06 per share, with a total value of $100,000.02. Insiders own 1.50% of the company’s stock.

About Rockwell Collins

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.

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

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