Rockwell Collins, Inc. (COL) Stake Decreased by Sigma Planning Corp
Sigma Planning Corp decreased its stake in Rockwell Collins, Inc. (NYSE:COL) by 0.5% during the second quarter, Holdings Channel reports. The institutional investor owned 3,123 shares of the aerospace company’s stock after selling 17 shares during the period. Sigma Planning Corp’s holdings in Rockwell Collins were worth $328,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in Rockwell Collins by 3,360.5% in the first quarter. BlackRock Inc. now owns 8,849,135 shares of the aerospace company’s stock valued at $859,783,000 after buying an additional 8,593,416 shares in the last quarter. FMR LLC increased its stake in Rockwell Collins by 39.4% in the first quarter. FMR LLC now owns 3,380,351 shares of the aerospace company’s stock valued at $328,435,000 after buying an additional 955,588 shares in the last quarter. Wells Fargo & Company MN increased its stake in Rockwell Collins by 60.5% in the first quarter. Wells Fargo & Company MN now owns 1,793,418 shares of the aerospace company’s stock valued at $174,249,000 after buying an additional 675,976 shares in the last quarter. Primecap Management Co. CA purchased a new stake in Rockwell Collins during the first quarter valued at about $55,546,000. Finally, Vanguard Group Inc. increased its stake in Rockwell Collins by 4.1% in the first quarter. Vanguard Group Inc. now owns 12,608,914 shares of the aerospace company’s stock valued at $1,225,082,000 after buying an additional 497,170 shares in the last quarter. 67.81% of the stock is owned by institutional investors and hedge funds.
Rockwell Collins, Inc. (NYSE:COL) opened at 125.45 on Thursday. The firm has a market cap of $20.38 billion, a PE ratio of 24.90 and a beta of 0.78. The stock has a 50 day moving average of $113.01 and a 200-day moving average of $103.28. Rockwell Collins, Inc. has a 52 week low of $78.54 and a 52 week high of $128.43.
Rockwell Collins (NYSE:COL) last issued its earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.06. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The business’s quarterly revenue was up 57.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 earnings per share. Analysts expect that Rockwell Collins, Inc. will post $6.08 earnings per share for the current year.
Rockwell Collins declared that its board has initiated a stock buyback plan on Friday, July 7th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the aerospace company to buy up to 1.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Collins’s payout ratio is 26.04%.
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COL has been the subject of several recent analyst reports. Credit Suisse Group reaffirmed a “buy” rating and set a $120.00 price objective on shares of Rockwell Collins in a report on Wednesday, July 19th. Bank of America Corporation decreased their price objective on shares of Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, June 9th. Goldman Sachs Group, Inc. (The) set a $96.00 price objective on shares of Rockwell Collins and gave the stock a “sell” rating in a report on Tuesday, August 1st. BidaskClub downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $135.00 price objective on shares of Rockwell Collins in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $115.10.
In other Rockwell Collins news, VP Jeffrey A. Standerski sold 6,300 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $108.44, for a total transaction of $683,172.00. Following the completion of the transaction, the vice president now owns 10,519 shares of the company’s stock, valued at $1,140,680.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have acquired 18,000 shares of company stock valued at $1,480. Insiders own 1.50% of the company’s stock.
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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