Elk Creek Partners LLC acquired a new position in shares of Rockwell Collins, Inc. (NYSE:COL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,951 shares of the aerospace company’s stock, valued at approximately $205,000.
Other large investors have also recently made changes to their positions in the company. NEXT Financial Group Inc grew its holdings in shares of Rockwell Collins by 35.7% during the 2nd quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock worth $100,000 after purchasing an additional 250 shares in the last quarter. Jacobi Capital Management LLC grew its holdings in shares of Rockwell Collins by 30.0% during the 2nd quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock worth $108,000 after purchasing an additional 231 shares in the last quarter. Global X Management Co. LLC grew its holdings in shares of Rockwell Collins by 31.1% during the 1st quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock worth $114,000 after purchasing an additional 278 shares in the last quarter. Harfst & Associates Inc. acquired a new stake in shares of Rockwell Collins during the 1st quarter worth approximately $114,000. Finally, Whittier Trust Co. grew its holdings in shares of Rockwell Collins by 3.2% during the 2nd quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock worth $120,000 after purchasing an additional 35 shares in the last quarter. 72.31% of the stock is currently owned by institutional investors.
Several analysts have recently weighed in on COL shares. Credit Suisse Group reissued a “buy” rating and set a $120.00 price objective on shares of Rockwell Collins in a report on Wednesday, July 19th. Citigroup Inc. raised their target price on Rockwell Collins from $93.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 15th. Jefferies Group LLC restated a “hold” rating and set a $115.00 target price on shares of Rockwell Collins in a research report on Sunday, September 3rd. Buckingham Research restated a “neutral” rating on shares of Rockwell Collins in a research report on Tuesday, September 5th. Finally, Drexel Hamilton downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $122.34.
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In other news, Director Harlan Donnley Meade purchased 1,666,667 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of $0.06 per share, for a total transaction of $100,000.02. Insiders bought a total of 1,675,667 shares of company stock valued at $100,720 over the last quarter. 1.50% of the stock is owned by corporate insiders.
Shares of Rockwell Collins, Inc. (NYSE:COL) opened at 130.72 on Tuesday. Rockwell Collins, Inc. has a 52-week low of $78.54 and a 52-week high of $135.31. The company has a market cap of $21.24 billion, a P/E ratio of 25.94 and a beta of 0.75. The stock’s 50 day moving average price is $126.07 and its 200-day moving average price is $109.13.
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, beating the Zacks’ consensus estimate of $1.58 by $0.06. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The company’s revenue was up 57.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 EPS. Equities analysts expect that Rockwell Collins, Inc. will post $6.09 EPS for the current year.
Rockwell Collins declared that its Board of Directors has approved a share buyback plan on Friday, July 7th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the aerospace company to purchase up to 1.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, August 10th. Rockwell Collins’s payout ratio is 26.04%.
About Rockwell Collins
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.
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