JPMorgan Chase & Co. Increases Position in Rockwell Collins Inc. (COL)
JPMorgan Chase & Co. boosted its position in shares of Rockwell Collins Inc. (NYSE:COL) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,072 shares of the company’s stock after buying an additional 1,492 shares during the period. JPMorgan Chase & Co.’s holdings in Rockwell Collins were worth $4,433,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of COL. Geode Capital Management LLC raised its stake in Rockwell Collins by 9.0% in the first quarter. Geode Capital Management LLC now owns 1,135,941 shares of the company’s stock valued at $104,544,000 after buying an additional 93,382 shares in the last quarter. Grandfield & Dodd LLC raised its stake in Rockwell Collins by 1.8% in the second quarter. Grandfield & Dodd LLC now owns 144,599 shares of the company’s stock valued at $12,311,000 after buying an additional 2,502 shares in the last quarter. National Pension Service raised its stake in Rockwell Collins by 4.6% in the first quarter. National Pension Service now owns 90,068 shares of the company’s stock valued at $8,305,000 after buying an additional 3,942 shares in the last quarter. Swiss National Bank raised its stake in Rockwell Collins by 7.6% in the second quarter. Swiss National Bank now owns 367,532 shares of the company’s stock valued at $31,292,000 after buying an additional 26,000 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Rockwell Collins by 1.9% in the first quarter. Legal & General Group Plc now owns 552,079 shares of the company’s stock valued at $50,904,000 after buying an additional 10,504 shares in the last quarter. 76.45% of the stock is owned by hedge funds and other institutional investors.
Shares of Rockwell Collins Inc. (NYSE:COL) traded up 0.82% during midday trading on Friday, hitting $83.47. The stock had a trading volume of 475,121 shares. Rockwell Collins Inc. has a 1-year low of $76.03 and a 1-year high of $95.11. The company’s 50 day moving average price is $83.57 and its 200-day moving average price is $86.64. The firm has a market capitalization of $10.85 billion, a PE ratio of 15.73 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.04. Rockwell Collins had a net margin of 13.54% and a return on equity of 37.06%. The company earned $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the business earned $1.33 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. Equities analysts predict that Rockwell Collins Inc. will post $5.50 earnings per share for the current year.
A number of research firms have recently issued reports on COL. Jefferies Group restated a “hold” rating on shares of Rockwell Collins in a report on Tuesday, July 5th. Buckingham Research restated a “buy” rating and issued a $97.00 target price (down previously from $101.00) on shares of Rockwell Collins in a report on Wednesday, October 5th. Zacks Investment Research upgraded Rockwell Collins from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Argus lowered Rockwell Collins from a “buy” rating to a “hold” rating in a report on Friday, August 26th. Finally, Robert W. Baird began coverage on Rockwell Collins in a report on Wednesday, October 5th. They issued a “neutral” rating and a $90.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Rockwell Collins currently has a consensus rating of “Hold” and a consensus price target of $91.42.
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.
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