Arizona State Retirement System raised its stake in Rockwell Collins, Inc. (NYSE:COL) by 20.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,001 shares of the aerospace company’s stock after buying an additional 12,827 shares during the period. Arizona State Retirement System’s holdings in Rockwell Collins were worth $10,172,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. State of Wisconsin Investment Board increased its holdings in Rockwell Collins by 90.4% in the fourth quarter. State of Wisconsin Investment Board now owns 507,018 shares of the aerospace company’s stock valued at $68,762,000 after buying an additional 240,681 shares in the last quarter. Global X Management Co. LLC increased its holdings in Rockwell Collins by 167.0% in the fourth quarter. Global X Management Co. LLC now owns 4,577 shares of the aerospace company’s stock valued at $621,000 after buying an additional 2,863 shares in the last quarter. Global Financial Private Capital LLC purchased a new position in Rockwell Collins in the fourth quarter valued at about $793,000. Toronto Dominion Bank increased its holdings in Rockwell Collins by 13.2% in the fourth quarter. Toronto Dominion Bank now owns 71,652 shares of the aerospace company’s stock valued at $9,719,000 after buying an additional 8,380 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Rockwell Collins by 1.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 164,303 shares of the aerospace company’s stock valued at $22,284,000 after buying an additional 1,769 shares in the last quarter. 71.36% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the stock. ValuEngine raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Cowen reissued a “hold” rating and set a $135.00 price objective on shares of Rockwell Collins in a research note on Friday, January 26th. Wells Fargo & Co cut shares of Rockwell Collins from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 16th. Zacks Investment Research cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Monday, January 15th. Finally, Canaccord Genuity dropped their price objective on shares of Rockwell Collins from $140.00 to $137.00 and set a “hold” rating for the company in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Rockwell Collins presently has a consensus rating of “Hold” and an average price target of $134.01.
Shares of Rockwell Collins, Inc. (COL) opened at $135.92 on Monday. The company has a market cap of $22,250.00, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 1.80 and a beta of 0.72. The company has a quick ratio of 0.73, a current ratio of 1.56 and a debt-to-equity ratio of 1.02. Rockwell Collins, Inc. has a 12 month low of $92.75 and a 12 month high of $139.63.
Rockwell Collins (NYSE:COL) last released its earnings results on Friday, January 26th. The aerospace company reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.06. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2 billion. Rockwell Collins had a net margin of 10.99% and a return on equity of 19.58%. Rockwell Collins’s revenue for the quarter was up 68.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 EPS. equities analysts anticipate that Rockwell Collins, Inc. will post 7.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Monday, February 12th will be paid a $0.33 dividend. The ex-dividend date is Friday, February 9th. This represents a $1.32 annualized dividend and a yield of 0.97%. Rockwell Collins’s payout ratio is currently 24.54%.
In other Rockwell Collins news, CFO Patrick E. Allen sold 25,410 shares of Rockwell Collins 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jeffrey D. Maclauchlan sold 7,634 shares of Rockwell Collins stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $133.24, for a total transaction of $1,017,154.16. Following the completion of the sale, the vice president now directly owns 9,179 shares of the company’s stock, valued at $1,223,009.96. The disclosure for this sale can be found here. Insiders sold a total of 36,331 shares of company stock valued at $4,891,757 over the last ninety days. 1.10% of the stock is owned by corporate insiders.
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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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