Rockwell Collins, Inc. (COL) Shares Bought by Stratos Wealth Partners LTD.
Stratos Wealth Partners LTD. raised its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 18.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,078 shares of the aerospace company’s stock after buying an additional 470 shares during the period. Stratos Wealth Partners LTD.’s holdings in Rockwell Collins were worth $323,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Highbridge Capital Management LLC boosted its position in Rockwell Collins by 160.4% in the fourth quarter. Highbridge Capital Management LLC now owns 3,324 shares of the aerospace company’s stock valued at $308,000 after buying an additional 8,824 shares during the period. Foundry Partners LLC acquired a new position in Rockwell Collins during the first quarter valued at about $223,000. Chevy Chase Trust Holdings Inc. boosted its position in Rockwell Collins by 3.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 114,497 shares of the aerospace company’s stock valued at $11,125,000 after buying an additional 3,937 shares during the period. Raymond James Trust N.A. boosted its position in Rockwell Collins by 19.4% in the first quarter. Raymond James Trust N.A. now owns 3,759 shares of the aerospace company’s stock valued at $365,000 after buying an additional 611 shares during the period. Finally, Gulf International Bank UK Ltd boosted its position in Rockwell Collins by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 38,488 shares of the aerospace company’s stock valued at $3,739,000 after buying an additional 400 shares during the period. 66.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Rockwell Collins, Inc. (NYSE COL) opened at 126.43 on Thursday. The company has a market capitalization of $20.54 billion, a P/E ratio of 25.09 and a beta of 0.78. Rockwell Collins, Inc. has a 12-month low of $78.54 and a 12-month high of $128.43. The firm has a 50-day moving average price of $110.01 and a 200 day moving average price of $102.04.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.06. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the business posted $1.63 EPS. The business’s revenue was up 57.0% compared to the same quarter last year. On average, equities research analysts predict that Rockwell Collins, Inc. will post $6.10 earnings per share for the current year.
The business 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 dividend on an annualized basis and a dividend yield of 1.04%. Rockwell Collins’s dividend payout ratio is presently 26.04%.
Rockwell Collins announced that its board has authorized a share buyback program on Friday, July 7th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the aerospace company to buy up to 1.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several equities analysts have recently issued reports on COL shares. Barclays PLC reissued an “outperform” rating and set a $59.00 target price (down from $96.00) on shares of Rockwell Collins in a research note on Friday, April 14th. Cowen and Company reissued an “outperform” rating and set a $112.00 target price on shares of Rockwell Collins in a research note on Monday, April 17th. Jefferies Group LLC reissued a “hold” rating and set a $93.00 target price on shares of Rockwell Collins in a research note on Tuesday, April 18th. Robert W. Baird raised Rockwell Collins from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $90.00 to $118.00 in a research note on Wednesday, April 19th. Finally, Canaccord Genuity reissued a “hold” rating and set a $90.00 target price on shares of Rockwell Collins in a research note on Thursday, April 20th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. Rockwell Collins has a consensus rating of “Hold” and a consensus price target of $113.79.
In other news, VP Jeffrey A. Standerski sold 6,300 shares of Rockwell Collins 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 transaction, the vice president now directly owns 10,519 shares in the company, valued at approximately $1,140,680.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 18,000 shares of company stock worth $1,480 over the last quarter. Company 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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