Tower Bridge Advisors Lowers Position in Rockwell Collins, Inc. (COL)
Tower Bridge Advisors lowered its position in Rockwell Collins, Inc. (NYSE:COL) by 7.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,215 shares of the company’s stock after selling 865 shares during the period. Tower Bridge Advisors’ holdings in Rockwell Collins were worth $1,335,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NEXT Financial Group Inc lifted its stake in Rockwell Collins by 35.7% in the 2nd quarter. NEXT Financial Group Inc now owns 950 shares of the company’s stock valued at $100,000 after buying an additional 250 shares in the last quarter. Jacobi Capital Management LLC lifted its stake in Rockwell Collins by 30.0% in the 2nd quarter. Jacobi Capital Management LLC now owns 1,001 shares of the company’s stock valued at $108,000 after buying an additional 231 shares in the last quarter. Highlander Capital Management LLC lifted its stake in Rockwell Collins by 106.0% in the 2nd quarter. Highlander Capital Management LLC now owns 1,024 shares of the company’s stock valued at $108,000 after buying an additional 527 shares in the last quarter. Whittier Trust Co. lifted its stake in Rockwell Collins by 3.2% in the 2nd quarter. Whittier Trust Co. now owns 1,141 shares of the company’s stock valued at $120,000 after buying an additional 35 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. purchased a new stake in Rockwell Collins in the 2nd quarter valued at approximately $124,000. Institutional investors and hedge funds own 78.06% of the company’s stock.
In related news, Director Harlan Donnley Meade purchased 1,666,667 shares of Rockwell Collins stock in a transaction dated Friday, September 15th. The shares were acquired at an average price of GBX 0.06 ($0.00) per share, with a total value of £1,000 ($1,315.27). Also, VP Tatum J. Buse sold 19,170 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of GBX 135.36 ($1.78), for a total transaction of £25,948.51 ($34,129.31). Following the transaction, the vice president now directly owns 3,722 shares in the company, valued at approximately £5,038.10 ($6,626.46). The disclosure for this sale can be found here. Insiders have sold 527,680 shares of company stock valued at $71,420,546 over the last 90 days. Insiders own 1.50% of the company’s stock.
COL has been the topic of a number of recent analyst reports. Canaccord Genuity raised Rockwell Collins from a “hold” rating to a “buy” rating and increased their price target for the stock from $108.00 to $125.00 in a research note on Tuesday, August 1st. Credit Suisse Group reissued a “buy” rating and set a $120.00 price target on shares of Rockwell Collins in a research note on Wednesday, July 19th. Morgan Stanley set a $135.00 price target on Rockwell Collins and gave the stock a “buy” rating in a research note on Thursday, August 17th. Vertical Research raised Rockwell Collins from a “hold” rating to a “buy” rating and increased their price target for the stock from $130.00 to $143.00 in a research note on Tuesday, August 22nd. Finally, ValuEngine raised Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 128.85 ($1.69).
Shares of Rockwell Collins, Inc. (COL) traded up GBX 0.09 ($0.00) during midday trading on Monday, reaching GBX 133.58 ($1.76). The company had a trading volume of 715,000 shares, compared to its average volume of 1,831,702. Rockwell Collins, Inc. has a 52-week low of GBX 85.11 ($1.12) and a 52-week high of GBX 136.50 ($1.80). The firm has a market cap of $21,700.00, a P/E ratio of 22.34, a P/E/G ratio of 1.60 and a beta of 0.73. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 1.10.
Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, October 27th. The company reported GBX 1.80 ($0.02) earnings per share for the quarter, meeting the consensus estimate of GBX 1.80 ($0.02). The company had revenue of GBX 219.30 billion during the quarter, compared to the consensus estimate of GBX 222.97 billion. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The company’s revenue was up 51.8% on a year-over-year basis. During the same period last year, the firm earned $1.58 earnings per share. equities analysts predict that Rockwell Collins, Inc. will post 7.18 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.32 annualized dividend and a dividend yield of 0.99%. Rockwell Collins’s dividend payout ratio is presently 27.62%.
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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