Rockwell Collins, Inc. (COL) Shares Sold by Nordea Investment Management AB
Nordea Investment Management AB trimmed its holdings in Rockwell Collins, Inc. (NYSE:COL) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,041,212 shares of the aerospace company’s stock after selling 13,949 shares during the period. Nordea Investment Management AB owned 0.64% of Rockwell Collins worth $109,411,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. NEXT Financial Group Inc lifted its stake in shares of Rockwell Collins by 35.7% in the 2nd quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock valued at $100,000 after purchasing an additional 250 shares in the last quarter. Jacobi Capital Management LLC lifted its stake in shares of Rockwell Collins by 30.0% in the 2nd quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 231 shares in the last quarter. Global X Management Co. LLC lifted its stake in shares of Rockwell Collins by 31.1% in the 1st quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 278 shares in the last quarter. Harfst & Associates Inc. acquired a new position in shares of Rockwell Collins in the 1st quarter valued at about $114,000. Finally, Whittier Trust Co. lifted its stake in shares of Rockwell Collins by 3.2% in the 2nd quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock valued at $120,000 after purchasing an additional 35 shares in the last quarter. 72.31% of the stock is currently owned by hedge funds and other institutional investors.
Rockwell Collins, Inc. (NYSE:COL) traded up 0.07% on Friday, reaching $130.48. The company had a trading volume of 1,980,416 shares. Rockwell Collins, Inc. has a one year low of $78.54 and a one year high of $135.31. The stock has a market cap of $21.20 billion, a price-to-earnings ratio of 25.89 and a beta of 0.75. The company has a 50-day moving average of $126.75 and a 200 day moving average of $109.38.
Rockwell Collins (NYSE:COL) last issued its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.06. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the prior year, the firm posted $1.63 EPS. Rockwell Collins’s quarterly revenue was up 57.0% compared to the same quarter last year. On average, equities research analysts predict that Rockwell Collins, Inc. will post $6.09 EPS for the current year.
Rockwell Collins announced that its board has authorized a share buyback plan on Friday, July 7th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the aerospace company to repurchase up to 1.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.01%. Rockwell Collins’s payout ratio is presently 26.04%.
Several research firms have recently weighed in on COL. Bank of America Corporation reduced their price objective on Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, June 9th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $135.00 price objective on shares of Rockwell Collins in a research note on Friday, July 14th. Goldman Sachs Group, Inc. (The) set a $96.00 price objective on Rockwell Collins and gave the company a “sell” rating in a research note on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $115.00 price objective (up from $108.00) on shares of Rockwell Collins in a research note on Monday, July 31st. Finally, Vetr raised Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 price objective on the stock in a research note on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $123.46.
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In related news, Director Harlan Donnley Meade bought 1,666,667 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was acquired at an average cost of $0.06 per share, with a total value of $100,000.02. Over the last three months, insiders bought 1,675,667 shares of company stock valued at $100,720. 1.50% of the stock is currently owned by insiders.
Rockwell Collins 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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