Rockwell Collins, Inc. (COL) Shares Bought by Schroder Investment Management Group
Schroder Investment Management Group raised its stake in Rockwell Collins, Inc. (NYSE:COL) by 8.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 18,152 shares of the aerospace company’s stock after purchasing an additional 1,400 shares during the period. Schroder Investment Management Group’s holdings in Rockwell Collins were worth $1,891,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Artemis Investment Management LLP bought a new stake in shares of Rockwell Collins in the 2nd quarter worth about $7,472,000. Rosenblum Silverman Sutton S F Inc. CA bought a new stake in shares of Rockwell Collins in the 2nd quarter worth about $4,120,000. Capital Analysts LLC bought a new stake in shares of Rockwell Collins in the 2nd quarter worth about $2,183,000. Schwab Charles Investment Management Inc. increased its position in shares of Rockwell Collins by 4.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 408,655 shares of the aerospace company’s stock worth $39,705,000 after purchasing an additional 15,531 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Rockwell Collins by 6.1% in the 1st quarter. Renaissance Technologies LLC now owns 1,057,600 shares of the aerospace company’s stock worth $102,756,000 after purchasing an additional 60,900 shares during the last quarter. 72.31% of the stock is owned by institutional investors.
In other news, Director Harlan Donnley Meade bought 1,666,667 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average price of $0.06 per share, for a total transaction of $100,000.02. Insiders have purchased a total of 1,675,667 shares of company stock valued at $100,720 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.
Rockwell Collins, Inc. (NYSE:COL) opened at 130.48 on Friday. Rockwell Collins, Inc. has a 1-year low of $78.54 and a 1-year high of $135.31. The firm’s 50-day moving average is $126.75 and its 200-day moving average is $109.38. The firm has a market capitalization of $21.20 billion, a price-to-earnings ratio of 25.89 and a beta of 0.75.
Rockwell Collins (NYSE:COL) last announced its earnings results 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 business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 57.0% on a year-over-year basis. During the same quarter last year, the company posted $1.63 EPS. On average, equities analysts anticipate that Rockwell Collins, Inc. will post $6.09 EPS for the current year.
The company also recently announced 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 dividend yield of 1.01%. The ex-dividend date was Thursday, August 10th. Rockwell Collins’s dividend payout ratio (DPR) is currently 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 shares. This buyback authorization permits the aerospace company to buy up to 1.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.
COL has been the subject of several research analyst reports. Credit Suisse Group reissued a “buy” rating and issued a $120.00 target price on shares of Rockwell Collins in a research report on Wednesday, July 19th. Bank of America Corporation dropped their target price on shares of Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, June 9th. Goldman Sachs Group, Inc. (The) set a $96.00 target price on shares of Rockwell Collins and gave the stock a “sell” rating in a research report on Tuesday, August 1st. Morgan Stanley set a $135.00 target price on shares of Rockwell Collins and gave the stock a “buy” rating in a research report on Thursday, August 17th. Finally, BidaskClub downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $123.46.
Rockwell Collins 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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