Edgestream Partners L.P. lowered its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 70.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,534 shares of the aerospace company’s stock after selling 3,738 shares during the quarter. Edgestream Partners L.P.’s holdings in Rockwell Collins were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in COL. Vanguard Group Inc. grew its position in shares of Rockwell Collins by 27.0% during the second quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock worth $1,683,340,000 after buying an additional 3,410,680 shares in the last quarter. BlackRock Inc. raised its position in Rockwell Collins by 27.9% in the second 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 in the last quarter. Epoch Investment Partners Inc. increased its stake in Rockwell Collins by 186.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 2,028,189 shares of the aerospace company’s stock worth $213,122,000 after purchasing an additional 1,319,020 shares in the last quarter. Franklin Resources Inc. increased its stake in Rockwell Collins by 76.0% in the 2nd quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock worth $315,130,000 after purchasing an additional 1,295,052 shares in the last quarter. Finally, State Street Corp increased its stake in Rockwell Collins by 21.9% in the 2nd quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock worth $750,304,000 after purchasing an additional 1,281,647 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.
In related news, Director Harlan Donnley Meade purchased 1,666,667 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was purchased at an average cost of $0.06 per share, for a total transaction of $100,000.02. 1.50% of the stock is owned by company insiders.
A number of equities analysts recently weighed in on COL shares. ValuEngine raised Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research raised Rockwell Collins from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research note on Wednesday, July 12th. BidaskClub raised Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Morgan Stanley reissued an “overweight” rating and issued a $124.00 price target (down previously from $125.00) on shares of Rockwell Collins in a research note on Thursday, July 13th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a $135.00 price target on shares of Rockwell Collins in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Rockwell Collins has a consensus rating of “Hold” and an average target price of $127.79.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings results on Friday, October 27th. The aerospace company reported $1.80 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.80. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The business’s revenue was up 51.8% compared to the same quarter last year. During the same period last year, the company earned $1.58 earnings per share.
Rockwell Collins declared that its Board of Directors has approved a stock buyback program 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 stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 13th will be paid a $0.33 dividend. The ex-dividend date is Friday, November 10th. This represents a $1.32 dividend on an annualized basis and a yield of 0.97%. Rockwell Collins’s dividend payout ratio is 27.62%.
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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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