Mengis Capital Management Inc. Invests $615,000 in Rockwell Collins, Inc. (COL)

Mengis Capital Management Inc. acquired a new stake in Rockwell Collins, Inc. (NYSE:COL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,858 shares of the aerospace company’s stock, valued at approximately $615,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Rockwell Collins by 3,360.5% in the first quarter. BlackRock Inc. now owns 8,849,135 shares of the aerospace company’s stock valued at $859,783,000 after buying an additional 8,593,416 shares in the last quarter. FMR LLC boosted its position in Rockwell Collins by 39.4% in the first quarter. FMR LLC now owns 3,380,351 shares of the aerospace company’s stock valued at $328,435,000 after buying an additional 955,588 shares in the last quarter. Wells Fargo & Company MN boosted its position in Rockwell Collins by 60.5% in the first quarter. Wells Fargo & Company MN now owns 1,793,418 shares of the aerospace company’s stock valued at $174,249,000 after buying an additional 675,976 shares in the last quarter. Primecap Management Co. CA purchased a new position in Rockwell Collins during the first quarter valued at $55,546,000. Finally, Vanguard Group Inc. raised its stake in Rockwell Collins by 4.1% in the first quarter. Vanguard Group Inc. now owns 12,608,914 shares of the aerospace company’s stock valued at $1,225,082,000 after buying an additional 497,170 shares during the last quarter. 67.81% of the stock is owned by institutional investors.

Shares of Rockwell Collins, Inc. (NYSE:COL) traded up 1.33% during midday trading on Friday, reaching $124.52. The company had a trading volume of 2,708,826 shares. The firm has a market capitalization of $20.23 billion, a P/E ratio of 24.71 and a beta of 0.78. The company has a 50 day moving average price of $114.13 and a 200-day moving average price of $103.66. Rockwell Collins, Inc. has a one year low of $78.54 and a one year high of $128.43.

Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.06. The company had revenue of $2.09 billion for 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%. Rockwell Collins’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 EPS. On average, analysts anticipate that Rockwell Collins, Inc. will post $6.08 EPS for the current fiscal year.

Rockwell Collins declared that its Board of Directors has approved a share 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 repurchase up to 1.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.32 dividend on an annualized basis and a yield of 1.06%. Rockwell Collins’s dividend payout ratio is currently 26.04%.

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Several analysts recently issued reports on the company. BidaskClub upgraded Rockwell Collins from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Citigroup Inc. upped their target price on Rockwell Collins from $93.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday. Morgan Stanley set a $135.00 target price on Rockwell Collins and gave the stock a “buy” rating in a report on Thursday. ValuEngine lowered Rockwell Collins from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Cowen and Company lowered Rockwell Collins from an “outperform” rating to a “market perform” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $115.65.

In other Rockwell Collins news, VP Jeffrey A. Standerski sold 6,300 shares of Rockwell Collins stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $108.44, for a total value of $683,172.00. Following the sale, the vice president now directly owns 10,519 shares in the company, valued at approximately $1,140,680.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders acquired 18,000 shares of company stock worth $1,480. 1.50% of the stock is currently owned by 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.

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

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