Rockwell Collins, Inc. (COL) Position Raised by Roundview Capital LLC
Roundview Capital LLC increased its position in shares of Rockwell Collins, Inc. (NYSE:COL) by 27.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,605 shares of the aerospace company’s stock after purchasing an additional 2,294 shares during the quarter. Roundview Capital LLC’s holdings in Rockwell Collins were worth $1,114,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Advisor Group Inc. lifted its position in Rockwell Collins by 33.1% during the second quarter. Advisor Group Inc. now owns 11,321 shares of the aerospace company’s stock worth $1,190,000 after purchasing an additional 2,817 shares during the period. Glenview Trust Co lifted its position in Rockwell Collins by 3.3% during the second quarter. Glenview Trust Co now owns 57,703 shares of the aerospace company’s stock worth $6,063,000 after purchasing an additional 1,863 shares during the period. Cibc World Markets Corp lifted its position in Rockwell Collins by 1,805.6% during the second quarter. Cibc World Markets Corp now owns 260,338 shares of the aerospace company’s stock worth $27,356,000 after purchasing an additional 246,676 shares during the period. Harfst & Associates Inc. lifted its position in Rockwell Collins by 34.1% during the second quarter. Harfst & Associates Inc. now owns 1,586 shares of the aerospace company’s stock worth $166,000 after purchasing an additional 403 shares during the period. Finally, Suntrust Banks Inc. lifted its position in Rockwell Collins by 305.2% during the second quarter. Suntrust Banks Inc. now owns 18,119 shares of the aerospace company’s stock worth $1,903,000 after purchasing an additional 13,647 shares during the period. 72.31% of the stock is owned by institutional investors and hedge funds.
In related news, Director Harlan Donnley Meade purchased 1,666,667 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were acquired at an average cost of $0.06 per share, with a total value of $100,000.02. Insiders acquired a total of 1,675,667 shares of company stock worth $100,720 over the last ninety days. Insiders own 1.50% of the company’s stock.
Shares of Rockwell Collins, Inc. (NYSE:COL) traded up 0.07% during mid-day trading on Friday, reaching $130.48. The company had a trading volume of 1,980,416 shares. The stock has a 50 day moving average price of $126.75 and a 200 day moving average price of $109.38. The firm has a market capitalization of $21.20 billion, a PE ratio of 25.89 and a beta of 0.75. Rockwell Collins, Inc. has a 12-month low of $78.54 and a 12-month high of $135.31.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.06. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. Rockwell Collins’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same period last year, the firm posted $1.63 EPS. On average, equities analysts forecast that Rockwell Collins, Inc. will post $6.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th were paid a $0.33 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.32 dividend on an annualized basis and a yield of 1.01%. Rockwell Collins’s dividend payout ratio (DPR) is currently 26.04%.
Rockwell Collins declared that its Board of Directors has approved a share buyback program on Friday, July 7th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the aerospace company to purchase up to 1.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
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Several equities research analysts recently weighed in on COL shares. Bank of America Corporation cut their price objective 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. ValuEngine raised Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research raised Rockwell Collins from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research note on Wednesday, July 12th. BidaskClub raised Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Morgan Stanley reissued an “overweight” rating and set a $124.00 target price (down previously from $125.00) on shares of Rockwell Collins in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $123.46.
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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