Rockwell Collins, Inc. (COL) Position Raised by GAM Holding AG
GAM Holding AG boosted its position in shares of Rockwell Collins, Inc. (NYSE:COL) by 21.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,357 shares of the aerospace company’s stock after buying an additional 1,804 shares during the period. GAM Holding AG’s holdings in Rockwell Collins were worth $1,088,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. CWM LLC increased its stake in shares of Rockwell Collins by 0.4% in the second quarter. CWM LLC now owns 1,216 shares of the aerospace company’s stock worth $128,000 after buying an additional 5 shares in the last quarter. Montecito Bank & Trust increased its stake in shares of Rockwell Collins by 0.5% in the first quarter. Montecito Bank & Trust now owns 2,666 shares of the aerospace company’s stock worth $259,000 after buying an additional 12 shares in the last quarter. Janney Capital Management LLC increased its stake in shares of Rockwell Collins by 0.3% in the second quarter. Janney Capital Management LLC now owns 4,665 shares of the aerospace company’s stock worth $490,000 after buying an additional 15 shares in the last quarter. United Capital Financial Advisers LLC increased its stake in shares of Rockwell Collins by 0.3% in the first quarter. United Capital Financial Advisers LLC now owns 5,783 shares of the aerospace company’s stock worth $562,000 after buying an additional 17 shares in the last quarter. Finally, Cleararc Capital Inc. increased its stake in shares of Rockwell Collins by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the aerospace company’s stock worth $311,000 after buying an additional 28 shares in the last quarter. 77.83% of the stock is currently owned by institutional investors.
Shares of Rockwell Collins, Inc. (COL) opened at 131.05 on Friday. The company’s 50-day moving average is $119.24 and its 200-day moving average is $106.05. Rockwell Collins, Inc. has a 52 week low of $78.54 and a 52 week high of $131.28. The firm has a market cap of $21.29 billion, a PE ratio of 26.01 and a beta of 0.78. Rockwell Collins also was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 8,208 put options on the stock. This represents an increase of approximately 451% compared to the typical volume of 1,489 put options.
Rockwell Collins (NYSE:COL) last released its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.06. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the firm earned $1.63 earnings per share. The firm’s revenue for the quarter was up 57.0% compared to the same quarter last year. Analysts forecast that Rockwell Collins, Inc. will post $6.09 EPS for the current fiscal year.
Rockwell Collins announced that its board has authorized a stock repurchase plan on Friday, July 7th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the aerospace company to reacquire up to 1.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, August 10th. This represents a $1.32 annualized dividend and a yield of 1.01%. Rockwell Collins’s payout ratio is 26.04%.
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A number of equities research analysts have commented on the stock. Jefferies Group LLC set a $108.00 price objective on shares of Rockwell Collins and gave the company a “hold” rating in a research report on Monday, May 22nd. Bank of America Corporation dropped their price objective on shares of Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, June 9th. BidaskClub raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research report on Wednesday, July 12th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $120.00 price objective on shares of Rockwell Collins in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $119.62.
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.
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