Rockwell Collins, Inc. (COL) Shares Bought by Bruderman Asset Management LLC
Bruderman Asset Management LLC lifted its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 11.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,893 shares of the aerospace company’s stock after acquiring an additional 289 shares during the quarter. Bruderman Asset Management LLC’s holdings in Rockwell Collins were worth $304,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of COL. CWM LLC boosted its holdings in Rockwell Collins by 0.4% during 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 in the last quarter. Montecito Bank & Trust boosted its holdings in Rockwell Collins by 0.5% during 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 in the last quarter. Janney Capital Management LLC boosted its holdings in Rockwell Collins by 0.3% during 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 in the last quarter. United Capital Financial Advisers LLC boosted its holdings in Rockwell Collins by 0.3% during 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 in the last quarter. Finally, Cleararc Capital Inc. boosted its holdings in Rockwell Collins by 0.9% during 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 in the last quarter. Institutional investors and hedge funds own 77.86% of the company’s stock.
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A number of analysts recently weighed in on the stock. Robert W. Baird cut shares of Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 target price for the company. in a report on Wednesday. Sanford C. Bernstein lowered shares of Rockwell Collins from an “outperform” rating to a “market perform” rating and set a $137.00 price objective for the company. in a research note on Monday. BidaskClub raised shares of Rockwell Collins from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Canaccord Genuity lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Citigroup Inc. raised their price objective on shares of Rockwell Collins from $93.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Rockwell Collins has a consensus rating of “Hold” and a consensus price target of $122.34.
Rockwell Collins, Inc. (NYSE COL) traded up 0.12% during trading on Thursday, reaching $131.37. 781,833 shares of the company’s stock were exchanged. The firm has a market cap of $21.34 billion, a P/E ratio of 26.07 and a beta of 0.75. The stock’s 50 day moving average price is $123.72 and its 200 day moving average price is $108.14. Rockwell Collins, Inc. has a 52-week low of $78.54 and a 52-week high of $135.31.
Rockwell Collins (NYSE:COL) last released its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.06. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the firm earned $1.63 earnings per share. Rockwell Collins’s revenue for the quarter was up 57.0% compared to the same quarter last year. Equities research analysts anticipate that Rockwell Collins, Inc. will post $6.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 14th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, August 10th. Rockwell Collins’s dividend payout ratio is 26.04%.
Rockwell Collins announced that its Board of Directors has initiated a share repurchase program on Friday, July 7th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the aerospace company to purchase up to 1.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.
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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