Tower Research Capital LLC TRC boosted its stake in shares of Rockwell Collins Inc. (NYSE:COL) by 851.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,711 shares of the company’s stock after buying an additional 3,321 shares during the period. Tower Research Capital LLC TRC’s holdings in Rockwell Collins were worth $316,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in Rockwell Collins during the fourth quarter worth approximately $103,492,000. NN Investment Partners Holdings N.V. bought a new stake in Rockwell Collins during the first quarter worth approximately $57,863,000. Vanguard Group Inc. increased its stake in Rockwell Collins by 2.2% in the second quarter. Vanguard Group Inc. now owns 11,490,805 shares of the company’s stock worth $978,328,000 after buying an additional 241,884 shares during the period. Nuance Investments LLC increased its stake in Rockwell Collins by 1,688.3% in the second quarter. Nuance Investments LLC now owns 230,918 shares of the company’s stock worth $19,660,000 after buying an additional 218,005 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in Rockwell Collins by 112.7% in the second quarter. Neuberger Berman Group LLC now owns 361,149 shares of the company’s stock worth $30,748,000 after buying an additional 191,380 shares during the period. Hedge funds and other institutional investors own 76.53% of the company’s stock.
Shares of Rockwell Collins Inc. (NYSE:COL) opened at 81.61 on Tuesday. The firm has a market capitalization of $10.60 billion, a PE ratio of 15.37 and a beta of 0.62. Rockwell Collins Inc. has a 12-month low of $76.03 and a 12-month high of $95.11. The company’s 50 day moving average is $84.04 and its 200 day moving average is $87.44.
Rockwell Collins (NYSE:COL) last released its earnings results on Monday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. Rockwell Collins had a net margin of 13.54% and a return on equity of 37.06%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the company posted $1.33 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. On average, analysts forecast that Rockwell Collins Inc. will post $5.50 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 15th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, August 11th. This represents a $1.32 dividend on an annualized basis and a yield of 1.62%. Rockwell Collins’s payout ratio is presently 24.81%.
COL has been the topic of several recent research reports. Canaccord Genuity cut shares of Rockwell Collins from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $100.00 to $94.00 in a research note on Tuesday, July 26th. Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Monday, June 27th. Jefferies Group reaffirmed a “hold” rating and issued a $92.00 price objective on shares of Rockwell Collins in a research note on Wednesday, August 10th. Morgan Stanley initiated coverage on shares of Rockwell Collins in a research note on Thursday, June 23rd. They issued an “equal weight” rating on the stock. Finally, Argus cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $91.82.
In other news, CEO Robert Kelly Ortberg sold 25,474 shares of the company’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $84.97, for a total value of $2,164,525.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bruce Michael King sold 3,174 shares of the company’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $85.48, for a total value of $271,313.52. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Rockwell Collins Company Profile
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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