Broderick Brian C continued to hold its position in shares of Rockwell Collins, Inc. (NYSE:COL) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,594 shares of the aerospace company’s stock at the end of the second quarter. Broderick Brian C’s holdings in Rockwell Collins were worth $273,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Federated Investors Inc. PA increased its stake in shares of Rockwell Collins by 718.8% in the fourth quarter. Federated Investors Inc. PA now owns 3,488 shares of the aerospace company’s stock worth $324,000 after buying an additional 3,062 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Rockwell Collins during the fourth quarter valued at approximately $5,998,000. HighPoint Advisor Group LLC increased its stake in shares of Rockwell Collins by 64.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 13,341 shares of the aerospace company’s stock valued at $1,306,000 after buying an additional 5,217 shares during the period. Teachers Advisors LLC increased its stake in shares of Rockwell Collins by 18.7% in the fourth quarter. Teachers Advisors LLC now owns 356,876 shares of the aerospace company’s stock valued at $33,104,000 after buying an additional 56,233 shares during the period. Finally, Kentucky Retirement Systems bought a new stake in shares of Rockwell Collins during the fourth quarter valued at approximately $877,000. 67.81% of the stock is currently owned by institutional investors.
Rockwell Collins, Inc. (COL) traded up 1.33% during mid-day trading on Friday, hitting $124.52. The stock had a trading volume of 2,708,826 shares. The firm has a market cap of $20.23 billion, a PE ratio of 24.71 and a beta of 0.78. Rockwell Collins, Inc. has a 52 week low of $78.54 and a 52 week high of $128.43. The company’s 50 day moving average price is $114.13 and its 200 day moving average price is $103.66.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.06. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the company earned $1.63 earnings per share. The firm’s revenue was up 57.0% on a year-over-year basis. Analysts anticipate that Rockwell Collins, Inc. will post $6.08 earnings per share for the current year.
Rockwell Collins declared that its Board of Directors has approved a share repurchase plan on Friday, July 7th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the aerospace company to repurchase up to 1.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 14th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Thursday, August 10th. Rockwell Collins’s payout ratio is presently 26.04%.
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Several analysts have commented on the stock. Bank of America Corporation dropped their target price on shares of Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, June 9th. J P Morgan Chase & Co restated an “overweight” rating and set a $135.00 target price on shares of Rockwell Collins in a report on Friday, July 14th. Goldman Sachs Group, Inc. (The) set a $96.00 price objective on shares of Rockwell Collins and gave the company a “sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $115.00 price objective (up from $108.00) on shares of Rockwell Collins in a report on Monday, July 31st. Finally, Cowen and Company reiterated a “market perform” rating and issued a $115.00 price objective on shares of Rockwell Collins in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $115.65.
In related news, VP Jeffrey A. Standerski sold 6,300 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $108.44, for a total transaction of $683,172.00. Following the completion of the transaction, the vice president now directly owns 10,519 shares of the company’s stock, valued at $1,140,680.36. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders have purchased 18,000 shares of company stock valued at $1,480. 1.50% of the stock is owned by corporate insiders.
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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