Retirement Systems of Alabama increased its stake in Rockwell Collins Inc. (NYSE:COL) by 70.3% during the second quarter, Holdings Channel reports. The firm owned 112,717 shares of the company’s stock after buying an additional 46,521 shares during the period. Retirement Systems of Alabama’s holdings in Rockwell Collins were worth $9,597,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in COL. Cleararc Capital Inc. increased 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 period. Stratos Wealth Partners LTD. boosted its position in shares of Rockwell Collins by 0.9% in the first quarter. Stratos Wealth Partners LTD. now owns 2,185 shares of the company’s stock worth $202,000 after buying an additional 20 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Rockwell Collins by 3.1% in the second quarter. Raymond James Trust N.A. now owns 3,743 shares of the company’s stock worth $318,000 after buying an additional 113 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Rockwell Collins by 2.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 7,960 shares of the company’s stock worth $734,000 after buying an additional 163 shares in the last quarter. Finally, Sentry Investment Management LLC boosted its position in shares of Rockwell Collins by 3.8% in the first quarter. Sentry Investment Management LLC now owns 10,046 shares of the company’s stock worth $926,000 after buying an additional 368 shares in the last quarter. 76.45% of the stock is owned by institutional investors.
Shares of Rockwell Collins Inc. (NYSE:COL) traded up 0.65% during midday trading on Thursday, reaching $84.18. The company had a trading volume of 566,232 shares. Rockwell Collins Inc. has a 1-year low of $76.03 and a 1-year high of $95.11. The company’s 50-day moving average is $83.87 and its 200-day moving average is $86.98. The stock has a market capitalization of $10.94 billion, a PE ratio of 15.86 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings results on Monday, July 25th. The company reported $1.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.04. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Rockwell Collins had a return on equity of 37.06% and a net margin of 13.54%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 earnings per share. On average, equities research analysts forecast that Rockwell Collins Inc. will post $5.50 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 15th were paid a $0.33 dividend. The ex-dividend date was Thursday, August 11th. This represents a $1.32 annualized dividend and a yield of 1.57%. Rockwell Collins’s payout ratio is 24.81%.
A number of equities analysts recently issued reports on COL shares. Buckingham Research reiterated a “buy” rating and issued a $97.00 target price (down from $101.00) on shares of Rockwell Collins in a report on Wednesday. Zacks Investment Research upgraded Rockwell Collins from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Monday, June 27th. Morgan Stanley started coverage on Rockwell Collins in a report on Thursday, June 23rd. They issued an “equal weight” rating on the stock. Jefferies Group reiterated a “hold” rating on shares of Rockwell Collins in a report on Tuesday, July 5th. Finally, Argus cut Rockwell Collins from a “buy” rating to a “hold” rating in a report on Friday, August 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $91.42.
In related news, VP Bruce Michael King sold 3,174 shares of the company’s stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $85.48, for a total value of $271,313.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Kelly Ortberg sold 25,474 shares of the company’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $84.97, for a total value of $2,164,525.78. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
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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