Point72 Asia Hong Kong Ltd acquired a new stake in shares of Rockwell Collins, Inc. (NYSE:COL) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,430 shares of the aerospace company’s stock, valued at approximately $328,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of Rockwell Collins by 111.5% during the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 132,800 shares of the aerospace company’s stock valued at $18,010,000 after acquiring an additional 70,000 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Rockwell Collins during the 4th quarter valued at about $118,000. Meadow Creek Investment Management LLC acquired a new position in shares of Rockwell Collins during the 4th quarter valued at about $171,000. Truewealth LLC acquired a new position in shares of Rockwell Collins during the 4th quarter valued at about $440,000. Finally, Farallon Capital Management LLC acquired a new position in shares of Rockwell Collins during the 4th quarter valued at about $342,853,000. 66.54% of the stock is owned by institutional investors.
COL has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Royal Bank of Canada reaffirmed a “hold” rating and set a $143.00 price objective on shares of Rockwell Collins in a research note on Friday, April 6th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $136.74.
Rockwell Collins (NYSE:COL) last posted its earnings results on Friday, April 27th. The aerospace company reported $1.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.06. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.16 billion. Rockwell Collins had a net margin of 10.72% and a return on equity of 18.20%. The company’s revenue was up 62.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 EPS. analysts expect that Rockwell Collins, Inc. will post 7.21 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 4th. Shareholders of record on Tuesday, May 15th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Monday, May 14th. Rockwell Collins’s dividend payout ratio is presently 21.46%.
About Rockwell Collins
Rockwell Collins, Inc designs, produces, and supports communications and aviation systems worldwide. The company's Interior Systems segment offers commercial aircraft seats; galley structures, food and beverage preparation equipment, and water and waste systems; oxygen and passenger service equipment; cabin lighting systems; and business jet and general aviation interior products.
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