Sei Investments Co. Reduces Stake in Rockwell Collins, Inc. (COL)

Sei Investments Co. decreased its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 47.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,060 shares of the aerospace company’s stock after selling 10,829 shares during the quarter. Sei Investments Co.’s holdings in Rockwell Collins were worth $1,576,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Rockwell Collins by 48.6% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 37,652 shares of the aerospace company’s stock valued at $4,921,000 after acquiring an additional 12,316 shares in the last quarter. Jennison Associates LLC acquired a new position in Rockwell Collins in the third quarter valued at about $43,690,000. Bessemer Group Inc. boosted its position in Rockwell Collins by 5.7% in the third quarter. Bessemer Group Inc. now owns 40,587 shares of the aerospace company’s stock valued at $5,305,000 after buying an additional 2,206 shares in the last quarter. Telemus Capital LLC acquired a new position in Rockwell Collins in the third quarter valued at about $239,000. Finally, Swiss National Bank boosted its position in Rockwell Collins by 2.5% in the third quarter. Swiss National Bank now owns 607,860 shares of the aerospace company’s stock valued at $79,453,000 after buying an additional 14,700 shares in the last quarter. Institutional investors own 72.80% of the company’s stock.

Shares of Rockwell Collins, Inc. (COL) opened at $133.04 on Wednesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.75 and a current ratio of 1.55. The firm has a market cap of $21,640.25, a P/E ratio of 22.21, a P/E/G ratio of 1.59 and a beta of 0.72. Rockwell Collins, Inc. has a 12 month low of $88.80 and a 12 month high of $136.50.

Rockwell Collins (NYSE:COL) last issued its earnings results on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.80. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the firm earned $1.58 earnings per share. The business’s quarterly revenue was up 51.8% on a year-over-year basis. analysts predict that Rockwell Collins, Inc. will post 7.18 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 13th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, November 10th. Rockwell Collins’s payout ratio is presently 27.62%.

In other news, VP Robert A. Sturgell sold 1,734 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $132.10, for a total transaction of $229,061.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Harlan Donnley Meade acquired 1,666,667 shares of the stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of $0.06 per share, with a total value of $100,000.02. Insiders sold 543,115 shares of company stock valued at $73,475,644 in the last ninety days. Insiders own 1.50% of the company’s stock.

A number of equities analysts have commented on COL shares. Morgan Stanley set a $135.00 price target on shares of Rockwell Collins and gave the company a “buy” rating in a research report on Thursday, August 17th. Credit Suisse Group restated a “neutral” rating on shares of Rockwell Collins in a research report on Friday, September 1st. Vertical Research lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating and reduced their price target for the company from $143.00 to $140.00 in a research report on Tuesday, September 5th. Deutsche Bank lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research report on Tuesday, September 5th. Finally, Canaccord Genuity lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating and upped their target price for the stock from $125.00 to $140.00 in a research report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Rockwell Collins presently has an average rating of “Hold” and an average price target of $128.85.

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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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