KCM Investment Advisors LLC Has $772,000 Stake in Rockwell Collins, Inc. (COL)
KCM Investment Advisors LLC reduced its holdings in shares of Rockwell Collins, Inc. (NYSE:COL) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,350 shares of the aerospace company’s stock after selling 25 shares during the quarter. KCM Investment Advisors LLC’s holdings in Rockwell Collins were worth $772,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of COL. BlackRock Inc. grew its holdings in shares of Rockwell Collins by 3,360.5% during 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 during the last quarter. Franklin Resources Inc. grew its holdings in shares of Rockwell Collins by 76.0% during the second quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock valued at $315,130,000 after buying an additional 1,295,052 shares during the last quarter. FMR LLC grew its holdings in shares of Rockwell Collins by 39.4% during 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 during the last quarter. Standard Life Investments LTD grew its holdings in shares of Rockwell Collins by 139.6% during the second quarter. Standard Life Investments LTD now owns 1,065,815 shares of the aerospace company’s stock valued at $112,000,000 after buying an additional 620,936 shares during the last quarter. Finally, Primecap Management Co. CA acquired a new position in shares of Rockwell Collins during the first quarter valued at about $55,546,000. Hedge funds and other institutional investors own 77.86% of the company’s stock.
In other Rockwell Collins news, Director Harlan Donnley Meade acquired 1,666,667 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average price of $0.06 per share, with a total value of $100,000.02. In the last three months, insiders purchased 1,678,667 shares of company stock worth $100,960. 1.50% of the stock is currently owned by insiders.
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Rockwell Collins, Inc. (NYSE COL) traded down 0.20% during mid-day trading on Friday, hitting $131.09. 2,931,876 shares of the stock traded hands. The company’s 50 day moving average price is $125.58 and its 200-day moving average price is $108.72. The stock has a market cap of $21.30 billion, a price-to-earnings ratio of 26.02 and a beta of 0.75. Rockwell Collins, Inc. has a 1-year low of $78.54 and a 1-year high of $135.31.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.06. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The firm’s revenue was up 57.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.63 earnings per share. Analysts predict that Rockwell Collins, Inc. will post $6.09 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 14th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, August 10th. Rockwell Collins’s payout ratio is 26.04%.
Rockwell Collins declared that its board has initiated a share repurchase program 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 shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.
A number of research analysts have recently issued reports on the stock. Canaccord Genuity cut shares of Rockwell Collins from a “buy” rating to a “hold” rating and lifted their price objective for the company from $125.00 to $140.00 in a report on Tuesday, September 5th. Drexel Hamilton cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Seaport Global Securities cut shares of Rockwell Collins from a “buy” rating to a “neutral” rating in a report on Wednesday, September 6th. Wolfe Research cut shares of Rockwell Collins from an “outperform” rating to a “peer perform” rating in a report on Wednesday, September 6th. Finally, Robert W. Baird cut shares of Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 price target on the stock. in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $122.34.
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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