Ameriprise Financial Inc. reduced its position in shares of Rockwell Collins Inc. (NYSE:COL) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 65,626 shares of the company’s stock after selling 472 shares during the period. Ameriprise Financial Inc. owned about 0.05% of Rockwell Collins worth $5,588,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Parametrica Management Ltd purchased a new position in shares of Rockwell Collins during the second quarter valued at about $205,000. Telemus Capital LLC bought a new stake in shares of Rockwell Collins during the second quarter valued at approximately $209,000. Murphy Capital Management Inc. raised its stake in shares of Rockwell Collins by 36.4% in the second quarter. Murphy Capital Management Inc. now owns 3,000 shares of the company’s stock valued at $255,000 after buying an additional 800 shares during the last quarter. Signaturefd LLC raised its stake in shares of Rockwell Collins by 0.4% in the second quarter. Signaturefd LLC now owns 3,071 shares of the company’s stock valued at $261,000 after buying an additional 13 shares during the last quarter. Finally, Cleararc Capital Inc. raised its stake in shares of Rockwell Collins by 0.3% in the first quarter. Cleararc Capital Inc. now owns 3,206 shares of the company’s stock valued at $296,000 after buying an additional 10 shares during the last quarter. 76.45% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rockwell Collins Inc. (NYSE:COL) traded down 0.94% during midday trading on Thursday, reaching $82.26. The company’s stock had a trading volume of 152,263 shares. Rockwell Collins Inc. has a 12 month low of $76.03 and a 12 month high of $95.11. The stock has a 50-day moving average of $83.65 and a 200 day moving average of $86.73. The company has a market cap of $10.69 billion, a price-to-earnings ratio of 15.50 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last issued its earnings results on Monday, July 25th. The company reported $1.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.35 billion. Rockwell Collins had a return on equity of 37.06% and a net margin of 13.54%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 EPS. On average, analysts predict that Rockwell Collins Inc. will post $5.50 earnings per share for the current fiscal year.
Several research firms recently commented on COL. Zacks Investment Research lowered shares of Rockwell Collins from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Morgan Stanley initiated coverage on shares of Rockwell Collins in a report on Thursday, June 23rd. They issued an “equal weight” rating on the stock. Jefferies Group restated a “hold” rating on shares of Rockwell Collins in a report on Tuesday, July 5th. Buckingham Research reaffirmed a “buy” rating and set a $97.00 price objective (down previously from $101.00) on shares of Rockwell Collins in a research note on Wednesday, October 5th. Finally, Argus downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Rockwell Collins currently has an average rating of “Hold” and a consensus target price of $91.42.
About Rockwell Collins
Rockwell Collins, Inc is engaged in design, production and support of communications and aviation electronics for commercial and military customers around the world. The Company’s products and systems are focused on aviation applications. It operates in two segments: Government Systems and Commercial Systems.
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