Cohen Klingenstein LLC maintained its position in Rockwell Collins, Inc. (NYSE:COL) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 20,300 shares of the aerospace company’s stock at the end of the second quarter. Cohen Klingenstein LLC’s holdings in Rockwell Collins were worth $2,133,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. NEXT Financial Group Inc raised its position in Rockwell Collins by 35.7% in the second quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock valued at $100,000 after buying an additional 250 shares in the last quarter. Whittier Trust Co. raised its position in Rockwell Collins by 30.1% in the first quarter. Whittier Trust Co. now owns 1,106 shares of the aerospace company’s stock valued at $108,000 after buying an additional 256 shares in the last quarter. Global X Management Co. LLC raised its position in Rockwell Collins by 31.1% in the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock valued at $114,000 after buying an additional 278 shares in the last quarter. Winslow Evans & Crocker Inc. purchased a new position in Rockwell Collins during the second quarter valued at approximately $124,000. Finally, Harfst & Associates Inc. purchased a new position in Rockwell Collins during the first quarter valued at approximately $114,000. Institutional investors and hedge funds own 66.74% of the company’s stock.
Shares of Rockwell Collins, Inc. (NYSE:COL) opened at 124.58 on Friday. The firm’s 50-day moving average price is $110.61 and its 200 day moving average price is $102.21. The firm has a market cap of $20.24 billion, a P/E 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 for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the business posted $1.63 EPS. Rockwell Collins’s revenue for the quarter was up 57.0% on a year-over-year basis. On average, equities analysts expect that Rockwell Collins, Inc. will post $6.08 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, August 10th. Rockwell Collins’s dividend payout ratio (DPR) is presently 26.04%.
Rockwell Collins declared that its board has authorized a stock buyback program on Friday, July 7th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the aerospace company to reacquire up to 1.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of Rockwell Collins from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $115.00 price objective (up previously from $108.00) on shares of Rockwell Collins in a report on Monday, July 31st. Cowen and Company reaffirmed a “hold” rating and issued a $115.00 price objective on shares of Rockwell Collins in a report on Thursday, August 3rd. Finally, Canaccord Genuity raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and upped their price objective for the stock from $108.00 to $125.00 in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $113.79.
In other news, VP Jeffrey A. Standerski sold 6,300 shares of Rockwell Collins stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $108.44, for a total transaction of $683,172.00. Following the transaction, the vice president now owns 10,519 shares in the company, valued at approximately $1,140,680.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought a total of 18,000 shares of company stock worth $1,480 in the last quarter. 1.50% of the stock is currently owned by company insiders.
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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