Rockwell Collins Inc. (COL) Stake Boosted by Standard Life Investments LTD
Standard Life Investments LTD boosted its position in Rockwell Collins Inc. (NYSE:COL) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 547,586 shares of the company’s stock after buying an additional 8,871 shares during the period. Standard Life Investments LTD’s holdings in Rockwell Collins were worth $46,619,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Cleararc Capital Inc. increased its stake in Rockwell Collins by 0.3% in the first quarter. Cleararc Capital Inc. now owns 3,206 shares of the company’s stock worth $296,000 after buying an additional 10 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Rockwell Collins by 0.9% in the first quarter. Stratos Wealth Partners LTD. now owns 2,185 shares of the company’s stock valued at $202,000 after buying an additional 20 shares during the period. Raymond James Trust N.A. boosted its position in shares of Rockwell Collins by 3.1% in the second quarter. Raymond James Trust N.A. now owns 3,743 shares of the company’s stock valued at $318,000 after buying an additional 113 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of Rockwell Collins by 2.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 7,960 shares of the company’s stock valued at $734,000 after buying an additional 163 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of Rockwell Collins by 3.5% in the second quarter. Candriam Luxembourg S.C.A. now owns 9,126 shares of the company’s stock valued at $777,000 after buying an additional 305 shares during the period. 76.45% of the stock is owned by institutional investors and hedge funds.
Rockwell Collins Inc. (NYSE:COL) traded down 0.12% during midday trading on Wednesday, hitting $83.64. The stock had a trading volume of 618,085 shares. Rockwell Collins Inc. has a 1-year low of $76.03 and a 1-year high of $95.11. The stock’s 50-day moving average is $83.88 and its 200-day moving average is $87.00. The company has a market capitalization of $10.87 billion, a PE ratio of 15.76 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Monday, July 25th. The company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.59 by $0.04. The firm earned $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. Rockwell Collins had a return on equity of 37.06% and a net margin of 13.54%. Rockwell Collins’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 EPS. Equities research analysts forecast that Rockwell Collins Inc. will post $5.50 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 15th were paid a $0.33 dividend. The ex-dividend date was Thursday, August 11th. This represents a $1.32 annualized dividend and a dividend yield of 1.58%. Rockwell Collins’s dividend payout ratio (DPR) is 24.81%.
COL has been the subject of several recent research reports. Buckingham Research reiterated a “buy” rating and issued a $97.00 price target (down from $101.00) on shares of Rockwell Collins in a research report on Wednesday. Zacks Investment Research upgraded Rockwell Collins from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Monday, June 27th. Morgan Stanley initiated coverage on Rockwell Collins in a research report on Thursday, June 23rd. They issued an “equal weight” rating for the company. Jefferies Group reiterated a “hold” rating on shares of Rockwell Collins in a research report on Tuesday, July 5th. Finally, Argus cut Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $91.55.
In other Rockwell Collins news, CEO Robert Kelly Ortberg sold 25,474 shares of the stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Philip J. Jasper sold 2,184 shares of the stock in a transaction on Monday, July 11th. The stock was sold at an average price of $85.00, for a total value of $185,640.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
About Rockwell Collins
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.
Want to see what other hedge funds are holding COL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Collins Inc. (NYSE:COL).
Receive News & Ratings for Rockwell Collins Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Collins Inc. and related companies with MarketBeat.com's FREE daily email newsletter.