Texas Permanent School Fund raised its stake in Rockwell Collins, Inc. (NYSE:COL) by 19.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,626 shares of the aerospace company’s stock after buying an additional 7,400 shares during the period. Texas Permanent School Fund’s holdings in Rockwell Collins were worth $4,794,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Toronto Dominion Bank boosted its position in Rockwell Collins by 53.5% in the first quarter. Toronto Dominion Bank now owns 36,902 shares of the aerospace company’s stock valued at $3,585,000 after buying an additional 12,858 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Rockwell Collins by 4.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 408,655 shares of the aerospace company’s stock valued at $39,705,000 after buying an additional 15,531 shares in the last quarter. Renaissance Technologies LLC boosted its position in Rockwell Collins by 6.1% in the first quarter. Renaissance Technologies LLC now owns 1,057,600 shares of the aerospace company’s stock valued at $102,756,000 after buying an additional 60,900 shares in the last quarter. New England Research & Management Inc. purchased a new position in Rockwell Collins during the second quarter valued at $633,000. Finally, Bank of Nova Scotia boosted its position in Rockwell Collins by 4,434.1% in the first quarter. Bank of Nova Scotia now owns 130,447 shares of the aerospace company’s stock valued at $12,675,000 after buying an additional 127,570 shares in the last quarter. Institutional investors own 66.74% of the company’s stock.
Rockwell Collins, Inc. (NYSE COL) traded down 0.93% during trading on Friday, reaching $124.58. The company’s stock had a trading volume of 2,253,525 shares. The stock’s 50 day moving average is $110.61 and its 200 day moving average is $102.21. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 24.72 and a beta of 0.78. Rockwell Collins, Inc. has a 12 month low of $78.54 and a 12 month high of $128.43.
Rockwell Collins (NYSE:COL) last released its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.06. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The firm’s quarterly revenue was up 57.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 EPS. On average, equities analysts expect that Rockwell Collins, Inc. will post $6.08 EPS for the current fiscal year.
Rockwell Collins announced that its Board of Directors has authorized a stock repurchase program on Friday, July 7th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the aerospace company to buy up to 1.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be given a $0.33 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.32 annualized dividend and a yield of 1.06%. Rockwell Collins’s dividend payout ratio (DPR) is 26.04%.
Several research analysts have recently weighed in on COL shares. Cowen and Company upped their price objective on Rockwell Collins from $112.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Zacks Investment Research raised Rockwell Collins from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research report on Wednesday, April 26th. Deutsche Bank AG increased their price target on Rockwell Collins from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, April 24th. ValuEngine raised Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, BidaskClub raised Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $113.79.
In other Rockwell Collins news, VP Jeffrey A. Standerski sold 6,300 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $108.44, for a total value of $683,172.00. Following the completion of the sale, the vice president now directly owns 10,519 shares of the company’s stock, valued at approximately $1,140,680.36. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders acquired 18,000 shares of company stock valued at $1,480. 1.50% of the stock is owned by corporate insiders.
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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