Smithfield Trust Co. increased its position in Rockwell Collins, Inc. (NYSE:COL) by 339.4% during the second quarter, Holdings Channel reports. The fund owned 3,186 shares of the aerospace company’s stock after buying an additional 2,461 shares during the period. Smithfield Trust Co.’s holdings in Rockwell Collins were worth $335,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CWM LLC raised 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 raised 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 worth $259,000 after buying an additional 12 shares during the last quarter. Janney Capital Management LLC raised 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 worth $490,000 after buying an additional 15 shares during the last quarter. United Capital Financial Advisers LLC raised 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 worth $562,000 after buying an additional 17 shares during the last quarter. Finally, Cleararc Capital Inc. raised 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 worth $311,000 after buying an additional 28 shares during the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Shares of Rockwell Collins, Inc. (NYSE:COL) opened at 119.00 on Friday. The firm has a market cap of $19.33 billion, a PE ratio of 23.62 and a beta of 0.78. Rockwell Collins, Inc. has a 1-year low of $78.54 and a 1-year high of $121.73. The stock’s 50 day moving average is $107.44 and its 200-day moving average is $100.84.

Rockwell Collins (NYSE:COL) last posted its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.06. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The business’s revenue was up 57.0% compared to the same quarter last year. Analysts expect that Rockwell Collins, Inc. will post $6.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 14th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.32 annualized dividend and a yield of 1.11%. Rockwell Collins’s payout ratio is currently 26.04%.

Rockwell Collins declared that its board has authorized a stock buyback plan 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 stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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A number of equities research analysts recently commented on the stock. Jefferies Group LLC set a $108.00 price objective on shares of Rockwell Collins and gave the stock a “hold” rating in a report on Monday, May 22nd. Vertical Research raised their target price on shares of Rockwell Collins from $100.00 to $110.00 and gave the company a “hold” rating in a research report on Monday, April 24th. Bank of America Corporation decreased their target price on shares of Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, June 9th. BidaskClub raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $112.00 target price on shares of Rockwell Collins in a research report on Monday, April 17th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. Rockwell Collins has a consensus rating of “Hold” and an average target price of $113.79.

In related news, VP David J. Nieuwsma sold 6,250 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $105.00, for a total transaction of $656,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jeffrey A. Standerski sold 6,300 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $108.44, for a total transaction of $683,172.00. Following the transaction, the vice president now owns 10,519 shares of the company’s stock, valued at approximately $1,140,680.36. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 18,000 shares of company stock valued at $1,480. 1.50% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Rockwell Collins (NYSE:COL)

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