Fort Pitt Capital Group LLC Has $291,000 Stake in Rockwell Collins, Inc. (COL)

Fort Pitt Capital Group LLC lessened its holdings in shares of Rockwell Collins, Inc. (NYSE:COL) by 51.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,223 shares of the aerospace company’s stock after selling 2,400 shares during the quarter. Fort Pitt Capital Group LLC’s holdings in Rockwell Collins were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Rockwell Collins by 27.0% during the 2nd quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock worth $1,683,340,000 after acquiring an additional 3,410,680 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Rockwell Collins by 27.9% during the 2nd quarter. BlackRock Inc. now owns 11,315,505 shares of the aerospace company’s stock worth $1,189,034,000 after acquiring an additional 2,466,370 shares during the last quarter. State Street Corp boosted its stake in shares of Rockwell Collins by 21.9% during the 2nd quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock worth $750,304,000 after acquiring an additional 1,281,647 shares during the last quarter. FMR LLC boosted its stake in shares of Rockwell Collins by 25.4% during the 2nd quarter. FMR LLC now owns 4,238,235 shares of the aerospace company’s stock worth $445,354,000 after acquiring an additional 857,884 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of Rockwell Collins by 10.5% during the 1st quarter. Clearbridge Investments LLC now owns 3,362,286 shares of the aerospace company’s stock worth $326,680,000 after acquiring an additional 319,567 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

In related news, Director Harlan Donnley Meade acquired 1,666,667 shares of Rockwell Collins stock in a transaction on Friday, September 15th. The stock was bought at an average cost of $0.06 per share, for a total transaction of $100,000.02. Corporate insiders own 1.50% of the company’s stock.

Shares of Rockwell Collins, Inc. (COL) traded down 0.05% during mid-day trading on Monday, reaching $135.23. 111,745 shares of the company’s stock were exchanged. Rockwell Collins, Inc. has a 1-year low of $81.11 and a 1-year high of $135.55. The stock has a market capitalization of $21.97 billion, a PE ratio of 26.84 and a beta of 0.73. The company’s 50 day moving average is $132.56 and its 200 day moving average is $116.21.

Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, October 27th. The aerospace company reported $1.80 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.80. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The firm’s revenue for the quarter was up 51.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.58 earnings per share. Equities research analysts anticipate that Rockwell Collins, Inc. will post $6.11 EPS for the current fiscal year.

Rockwell Collins declared that its board has authorized a share buyback program on Friday, July 7th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the aerospace company to purchase up to 1.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

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Several brokerages have recently weighed in on COL. Zacks Investment Research upgraded shares of Rockwell Collins from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. ValuEngine cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub upgraded shares of Rockwell Collins from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. SunTrust Banks, Inc. reiterated a “hold” rating on shares of Rockwell Collins in a research note on Monday, October 2nd. Finally, Citigroup Inc. lifted their price target on shares of Rockwell Collins from $93.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $127.79.

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.

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

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