Welch & Forbes LLC decreased its position in shares of Rockwell Collins, Inc. (NYSE:COL) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,250 shares of the aerospace company’s stock after selling 5 shares during the period. Welch & Forbes LLC’s holdings in Rockwell Collins were worth $236,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of COL. CWM LLC increased its stake in shares of Rockwell Collins by 0.4% in the second quarter. CWM LLC now owns 1,216 shares of the aerospace company’s stock worth $128,000 after buying an additional 5 shares during the last quarter. Montecito Bank & Trust increased its stake in shares of Rockwell Collins by 0.5% in the first quarter. Montecito Bank & Trust now owns 2,666 shares of the aerospace company’s stock valued at $259,000 after buying an additional 12 shares in the last quarter. Janney Capital Management LLC increased its stake in shares of Rockwell Collins by 0.3% in the second quarter. Janney Capital Management LLC now owns 4,665 shares of the aerospace company’s stock valued at $490,000 after buying an additional 15 shares in the last quarter. United Capital Financial Advisers LLC increased its stake in shares of Rockwell Collins by 0.3% in the first quarter. United Capital Financial Advisers LLC now owns 5,783 shares of the aerospace company’s stock valued at $562,000 after buying an additional 17 shares in the last quarter. Finally, Cleararc Capital Inc. increased its stake in shares of Rockwell Collins by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the aerospace company’s stock valued at $311,000 after buying an additional 28 shares in the last quarter. 67.81% of the stock is currently owned by institutional investors.
Shares of Rockwell Collins, Inc. (NYSE COL) traded up 1.33% on Friday, reaching $124.52. The company had a trading volume of 2,708,826 shares. The company’s 50-day moving average price is $114.13 and its 200 day moving average price is $103.66. Rockwell Collins, Inc. has a 52 week low of $78.54 and a 52 week high of $128.43. The firm has a market capitalization of $20.23 billion, a P/E ratio of 24.71 and a beta of 0.78.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.06. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The firm’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same period last year, the firm earned $1.63 EPS. On average, analysts expect that Rockwell Collins, Inc. will post $6.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th will be issued a $0.33 dividend. The ex-dividend date is Thursday, August 10th. This represents a $1.32 annualized dividend and a dividend yield of 1.06%. Rockwell Collins’s dividend payout ratio is currently 26.04%.
Rockwell Collins declared that its board has authorized a stock repurchase program on Friday, July 7th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the aerospace company to reacquire up to 1.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Several equities research analysts have weighed in on COL shares. Canaccord Genuity raised Rockwell Collins from a “hold” rating to a “buy” rating and raised their price target for the stock from $108.00 to $125.00 in a report on Tuesday, August 1st. Morgan Stanley set a $135.00 price target on Rockwell Collins and gave the stock a “buy” rating in a report on Thursday. Citigroup Inc. raised their price target on Rockwell Collins from $93.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday. BidaskClub downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Cowen and Company reissued a “market perform” rating and issued a $115.00 price target on shares of Rockwell Collins in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. Rockwell Collins currently has a consensus rating of “Hold” and a consensus price target of $115.65.
In related news, VP Jeffrey A. Standerski sold 6,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $108.44, for a total value 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 approximately $1,140,680.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 18,000 shares of company stock valued at $1,480 over the last three months. 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.
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