Cacti Asset Management LLC Cuts Stake in Rockwell Collins, Inc. (NYSE:COL)

Cacti Asset Management LLC decreased its position in Rockwell Collins, Inc. (NYSE:COL) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 369,083 shares of the aerospace company’s stock after selling 2,810 shares during the period. Rockwell Collins accounts for approximately 3.4% of Cacti Asset Management LLC’s investment portfolio, making the stock its 15th largest position. Cacti Asset Management LLC owned 0.23% of Rockwell Collins worth $38,447,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Whittier Trust Co. boosted its stake in Rockwell Collins by 30.1% in the first quarter. Whittier Trust Co. now owns 1,106 shares of the aerospace company’s stock worth $108,000 after buying an additional 256 shares in the last quarter. Global X Management Co. LLC boosted its stake in Rockwell Collins by 31.1% in the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock worth $114,000 after buying an additional 278 shares in the last quarter. Harfst & Associates Inc. bought a new stake in Rockwell Collins during the first quarter worth approximately $114,000. CWM LLC boosted its stake in Rockwell Collins by 71.5% in the first quarter. CWM LLC now owns 1,211 shares of the aerospace company’s stock worth $118,000 after buying an additional 505 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in Rockwell Collins by 5.7% in the first quarter. Assetmark Inc. now owns 1,334 shares of the aerospace company’s stock worth $130,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 66.22% of the company’s stock.

Rockwell Collins, Inc. (COL) opened at 113.73 on Friday. Rockwell Collins, Inc. has a 52-week low of $78.54 and a 52-week high of $114.21. The firm has a market capitalization of $18.47 billion, a price-to-earnings ratio of 20.41 and a beta of 0.79. The company’s 50-day moving average price is $107.20 and its 200 day moving average price is $100.42.

Rockwell Collins (NYSE:COL) last issued its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.06. Rockwell Collins had a return on equity of 34.40% and a net margin of 13.83%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the firm posted $1.63 EPS. The business’s revenue was up 57.0% compared to the same quarter last year. Equities research analysts predict that Rockwell Collins, Inc. will post $6.05 earnings per share for the current year.

Rockwell Collins declared that its Board of Directors has approved a share buyback plan on Friday, July 7th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the aerospace company to buy up to 1.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

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A number of analysts recently commented on the company. Bank of America Corporation dropped their price objective on Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, June 9th. J P Morgan Chase & Co restated an “overweight” rating and issued a $135.00 price target on shares of Rockwell Collins in a report on Friday, July 14th. Cowen and Company restated a “buy” rating and issued a $115.00 price target on shares of Rockwell Collins in a report on Friday. Barclays PLC restated an “outperform” rating and issued a $59.00 price target (down previously from $96.00) on shares of Rockwell Collins in a report on Friday, April 14th. Finally, Zacks Investment Research cut Rockwell Collins from a “buy” rating to a “hold” rating in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $111.32.

In other news, VP Jeffrey A. Standerski sold 6,300 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $108.44, for a total transaction of $683,172.00. Following the transaction, the vice president now owns 10,519 shares of the company’s stock, valued at approximately $1,140,680.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Bruce Michael King sold 2,550 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $104.00, for a total value of $265,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 26,000 shares of company stock worth $2,120 and sold 15,100 shares worth $1,604,622. Corporate insiders own 1.50% of the company’s stock.

Rockwell Collins Company Profile

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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