Rockwell Collins, Inc. (NYSE:COL) Shares Bought by Bank of Montreal Can
Bank of Montreal Can increased its position in Rockwell Collins, Inc. (NYSE:COL) by 17.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,551 shares of the aerospace company’s stock after buying an additional 16,744 shares during the period. Bank of Montreal Can’s holdings in Rockwell Collins were worth $11,617,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of COL. Fulton Bank N.A. bought a new stake in Rockwell Collins during the second quarter worth about $291,000. New England Research & Management Inc. bought a new stake in Rockwell Collins during the second quarter worth about $633,000. Gibraltar Capital Management Inc. raised its stake in Rockwell Collins by 69.0% in the second quarter. Gibraltar Capital Management Inc. now owns 51,304 shares of the aerospace company’s stock worth $5,391,000 after buying an additional 20,938 shares during the period. Capstone Asset Management Co. raised its stake in Rockwell Collins by 68.4% in the second quarter. Capstone Asset Management Co. now owns 28,013 shares of the aerospace company’s stock worth $2,944,000 after buying an additional 11,376 shares during the period. Finally, America First Investment Advisors LLC raised its stake in Rockwell Collins by 1.5% in the second quarter. America First Investment Advisors LLC now owns 117,029 shares of the aerospace company’s stock worth $12,297,000 after buying an additional 1,765 shares during the period. 66.22% of the stock is owned by institutional investors and hedge funds.
Shares of Rockwell Collins, Inc. (NYSE COL) opened at 109.31 on Monday. The stock has a 50 day moving average of $106.56 and a 200 day moving average of $99.72. Rockwell Collins, Inc. has a 52 week low of $78.54 and a 52 week high of $111.11. The firm has a market cap of $17.75 billion, a P/E ratio of 19.62 and a beta of 0.79.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings results on Friday, April 21st. The aerospace company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.03. Rockwell Collins had a return on equity of 34.40% and a net margin of 13.83%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the business earned $1.30 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities analysts forecast that Rockwell Collins, Inc. will post $6.06 earnings per share for the current year.
Rockwell Collins announced that its board has authorized a share repurchase plan on Friday, July 7th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the aerospace company to buy up to 1.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
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A number of research firms have recently issued reports on COL. Credit Suisse Group reissued a “buy” rating and issued a $120.00 price target on shares of Rockwell Collins in a research report on Wednesday, July 19th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $135.00 price target on shares of Rockwell Collins in a research report on Friday, July 14th. Zacks Investment Research lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Morgan Stanley reissued an “overweight” rating and issued a $124.00 price target (down from $125.00) on shares of Rockwell Collins in a research report on Thursday, July 13th. Finally, BidaskClub raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $111.32.
In related news, VP Jeffrey A. Standerski sold 6,300 shares of the stock in a transaction 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 sale, the vice president now owns 10,519 shares in the company, valued at approximately $1,140,680.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP David J. Nieuwsma sold 6,250 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $105.00, for a total value of $656,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 27,000 shares of company stock worth $2,200 and sold 15,100 shares worth $1,604,622. 1.50% of the stock is currently 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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