Rockwell Collins, Inc. (COL) Shares Sold by Bp Plc
Bp Plc lowered its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 69.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,000 shares of the aerospace company’s stock after selling 43,000 shares during the quarter. Bp Plc’s holdings in Rockwell Collins were worth $2,578,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of COL. Fieldpoint Private Securities LLC bought a new stake in Rockwell Collins during the 3rd quarter worth about $100,000. FNY Partners Fund LP bought a new stake in Rockwell Collins during the 3rd quarter worth about $104,000. Cerebellum GP LLC bought a new stake in Rockwell Collins during the 4th quarter worth about $130,000. North Star Investment Management Corp. grew its holdings in Rockwell Collins by 1,010.1% during the 4th quarter. North Star Investment Management Corp. now owns 1,099 shares of the aerospace company’s stock worth $149,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Rockwell Collins during the 3rd quarter worth about $178,000. 71.74% of the stock is currently owned by hedge funds and other institutional investors.
COL has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $153.00 price objective on the stock in a report on Thursday, January 4th. ValuEngine raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada set a $140.00 price objective on shares of Rockwell Collins and gave the stock a “hold” rating in a report on Sunday, November 12th. Canaccord Genuity decreased their price objective on shares of Rockwell Collins from $140.00 to $137.00 and set a “hold” rating on the stock in a report on Tuesday, January 30th. Finally, Cowen reaffirmed a “hold” rating and issued a $135.00 target price on shares of Rockwell Collins in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Rockwell Collins currently has an average rating of “Hold” and an average price target of $134.01.
Rockwell Collins (NYSE:COL) last issued its earnings results on Friday, January 26th. The aerospace company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.06. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2 billion. Rockwell Collins had a net margin of 10.99% and a return on equity of 19.58%. The company’s revenue for the quarter was up 68.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 EPS. sell-side analysts expect that Rockwell Collins, Inc. will post 7.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 12th will be given a $0.33 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.99%. Rockwell Collins’s dividend payout ratio is 24.58%.
In related news, CFO Patrick E. Allen sold 25,410 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $135.02, for a total value of $3,430,858.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP David J. Nieuwsma sold 3,900 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $133.00, for a total transaction of $518,700.00. The disclosure for this sale can be found here. Insiders sold a total of 41,965 shares of company stock worth $5,639,519 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.
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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