Icon Advisers Inc. Co. Buys Shares of 15,349 Rockwell Collins, Inc. (COL)
Icon Advisers Inc. Co. bought a new position in Rockwell Collins, Inc. (NYSE:COL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,349 shares of the aerospace company’s stock, valued at approximately $1,613,000.
A number of other hedge funds also recently modified their holdings of COL. NEXT Financial Group Inc grew its stake in Rockwell Collins by 35.7% in the 2nd quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock worth $100,000 after acquiring an additional 250 shares in the last quarter. Jacobi Capital Management LLC grew its stake in Rockwell Collins by 30.0% in the 2nd quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock worth $108,000 after acquiring an additional 231 shares in the last quarter. Global X Management Co. LLC grew its stake in Rockwell Collins by 31.1% in the 1st quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock worth $114,000 after acquiring an additional 278 shares in the last quarter. Harfst & Associates Inc. bought a new position in Rockwell Collins in the 1st quarter worth about $114,000. Finally, Whittier Trust Co. grew its stake in Rockwell Collins by 3.2% in the 2nd quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock worth $120,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 77.86% of the company’s stock.
In other Rockwell Collins news, Director Harlan Donnley Meade purchased 1,666,667 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average price of $0.06 per share, for a total transaction of $100,000.02. Insiders purchased 1,678,667 shares of company stock worth $100,960 in the last 90 days. 1.50% of the stock is currently owned by insiders.
Shares of Rockwell Collins, Inc. (NYSE:COL) opened at 131.09 on Friday. Rockwell Collins, Inc. has a 52 week low of $78.54 and a 52 week high of $135.31. The company’s 50-day moving average is $125.58 and its 200 day moving average is $108.72. The stock has a market capitalization of $21.30 billion, a P/E ratio of 26.02 and a beta of 0.75.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the firm posted $1.63 earnings per share. Rockwell Collins’s revenue for the quarter was up 57.0% compared to the same quarter last year. On average, equities analysts forecast 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 issued a $0.33 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.32 annualized dividend and a yield of 1.01%. Rockwell Collins’s payout ratio is 26.04%.
Rockwell Collins announced that its Board of Directors has initiated a share repurchase program on Friday, July 7th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the aerospace company to buy up to 1.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
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A number of equities analysts have recently issued reports on COL shares. Bank of America Corporation dropped their price objective on shares of Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, June 9th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $135.00 price objective on shares of Rockwell Collins in a research note on Friday, July 14th. Goldman Sachs Group, Inc. (The) set a $96.00 price objective on shares of Rockwell Collins and gave the company a “sell” rating in a research note on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $115.00 price target (up previously from $108.00) on shares of Rockwell Collins in a report on Monday, July 31st. Finally, Vetr raised shares of Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 price target for the company in a report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price 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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