Alpine Associates Management Inc. lifted its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 1,004.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,663,500 shares of the aerospace company’s stock after purchasing an additional 1,847,500 shares during the quarter. Rockwell Collins accounts for 7.3% of Alpine Associates Management Inc.’s holdings, making the stock its 4th biggest holding. Alpine Associates Management Inc. owned approximately 1.02% of Rockwell Collins worth $217,436,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in Rockwell Collins by 8.0% in the third quarter. Stifel Financial Corp now owns 46,337 shares of the aerospace company’s stock valued at $6,016,000 after buying an additional 3,419 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in Rockwell Collins in the third quarter valued at about $631,000. Dimensional Fund Advisors LP boosted its stake in Rockwell Collins by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 874,924 shares of the aerospace company’s stock valued at $114,359,000 after buying an additional 3,312 shares in the last quarter. BB&T Securities LLC boosted its stake in Rockwell Collins by 13.5% in the third quarter. BB&T Securities LLC now owns 6,690 shares of the aerospace company’s stock valued at $874,000 after buying an additional 796 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC acquired a new stake in Rockwell Collins in the third quarter valued at about $654,000. 72.80% of the stock is currently owned by institutional investors.
In other news, VP Tatum J. Buse sold 19,170 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $135.36, for a total transaction of $2,594,851.20. Following the completion of the transaction, the vice president now directly owns 3,722 shares in the company, valued at $503,809.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Kelly Ortberg sold 395,110 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $135.35, for a total value of $53,478,138.50. The disclosure for this sale can be found here. Insiders have sold 535,481 shares of company stock valued at $72,458,490 over the last 90 days. 1.50% of the stock is owned by corporate insiders.
Rockwell Collins (NYSE:COL) last posted its earnings results on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, meeting the consensus estimate of $1.80. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the company earned $1.58 earnings per share. The business’s quarterly revenue was up 51.8% on a year-over-year basis. equities research analysts anticipate that Rockwell Collins, Inc. will post 7.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.99%. Rockwell Collins’s dividend payout ratio (DPR) is 27.62%.
COL has been the topic of several research analyst reports. Citigroup raised their price objective on Rockwell Collins from $93.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Jefferies Group reaffirmed a “hold” rating and issued a $115.00 price objective on shares of Rockwell Collins in a research note on Sunday, September 3rd. Buckingham Research reaffirmed a “neutral” rating on shares of Rockwell Collins in a research note on Tuesday, September 5th. Drexel Hamilton lowered Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Sanford C. Bernstein lowered Rockwell Collins from an “outperform” rating to a “market perform” rating and set a $137.00 price objective on the stock. in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $128.85.
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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