Sigma Planning Corp Raises Holdings in Rockwell Collins, Inc. (COL)
Sigma Planning Corp grew its stake in Rockwell Collins, Inc. (NYSE:COL) by 18.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,699 shares of the aerospace company’s stock after purchasing an additional 576 shares during the quarter. Sigma Planning Corp’s holdings in Rockwell Collins were worth $484,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Rockwell Collins by 27.0% in the 2nd quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock worth $1,683,340,000 after buying an additional 3,410,680 shares during the period. BlackRock Inc. grew its position in Rockwell Collins by 27.9% during the 2nd quarter. BlackRock Inc. now owns 11,315,505 shares of the aerospace company’s stock valued at $1,189,034,000 after purchasing an additional 2,466,370 shares during the last quarter. State Street Corp grew its position in Rockwell Collins by 21.9% during the 2nd quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock valued at $750,304,000 after purchasing an additional 1,281,647 shares during the last quarter. FMR LLC grew its position in Rockwell Collins by 25.4% during the 2nd quarter. FMR LLC now owns 4,238,235 shares of the aerospace company’s stock valued at $445,354,000 after purchasing an additional 857,884 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Rockwell Collins by 76.0% during the 2nd quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock valued at $315,130,000 after purchasing an additional 1,295,052 shares during the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.
Several analysts recently commented on COL shares. Canaccord Genuity raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and increased their price objective for the company from $108.00 to $125.00 in a research report on Tuesday, August 1st. Morgan Stanley set a $135.00 price target on shares of Rockwell Collins and gave the company a “buy” rating in a report on Thursday, August 17th. Vertical Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and raised their price target for the company from $130.00 to $143.00 in a report on Tuesday, August 22nd. ValuEngine raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a report on Monday, October 23rd. 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. Rockwell Collins presently has a consensus rating of “Hold” and an average target price of $128.85.
Rockwell Collins, Inc. (COL) traded up $0.56 during mid-day trading on Friday, hitting $132.61. 1,098,000 shares of the company were exchanged, compared to its average volume of 1,820,759. Rockwell Collins, Inc. has a 1 year low of $87.17 and a 1 year high of $136.50. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.75 and a current ratio of 1.55. The stock has a market capitalization of $21,600.00, a price-to-earnings ratio of 22.08, a PEG ratio of 1.58 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last posted its earnings results on Friday, October 27th. The aerospace company reported $1.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.80. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the firm posted $1.58 earnings per share. Rockwell Collins’s revenue for the quarter was up 51.8% compared to the same quarter last year. research analysts anticipate that Rockwell Collins, Inc. will post 7.18 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Friday, November 10th. Rockwell Collins’s payout ratio is 27.62%.
In other news, Director Harlan Donnley Meade acquired 1,666,667 shares of the company’s stock in a transaction on Friday, September 15th. The stock was bought at an average cost of $0.06 per share, with a total value of $100,000.02. Also, VP Tatum J. Buse sold 19,170 shares of Rockwell Collins stock in a transaction on Monday, November 6th. The stock was sold at an average price of $135.36, for a total transaction of $2,594,851.20. Following the transaction, the vice president now directly owns 3,722 shares of the company’s stock, valued at $503,809.92. The disclosure for this sale can be found here. Insiders have sold 533,747 shares of company stock valued at $72,229,429 over the last ninety days. 1.50% of the stock is owned by insiders.
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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