KBC Group NV cut its position in shares of Rockwell Collins, Inc. (NYSE:COL) by 25.8% during the 4th quarter, Holdings Channel reports. The firm owned 22,086 shares of the aerospace company’s stock after selling 7,686 shares during the period. KBC Group NV’s holdings in Rockwell Collins were worth $2,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D lifted its stake in Rockwell Collins by 304.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 445,000 shares of the aerospace company’s stock worth $58,166,000 after purchasing an additional 335,000 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Rockwell Collins by 1.3% during the third quarter. State Board of Administration of Florida Retirement System now owns 242,172 shares of the aerospace company’s stock worth $31,654,000 after purchasing an additional 3,210 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Rockwell Collins by 1.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 41,939 shares of the aerospace company’s stock worth $5,505,000 after purchasing an additional 800 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Rockwell Collins by 3.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 544,325 shares of the aerospace company’s stock worth $71,149,000 after purchasing an additional 19,030 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Rockwell Collins by 2.5% during the third quarter. Swiss National Bank now owns 607,860 shares of the aerospace company’s stock worth $79,453,000 after purchasing an additional 14,700 shares during the last quarter. Hedge funds and other institutional investors own 70.13% of the company’s stock.
In related news, VP Douglas E. Stenske sold 3,287 shares of Rockwell Collins stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $135.00, for a total transaction of $443,745.00. Following the sale, the vice president now directly owns 8,776 shares in the company, valued at $1,184,760. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Patrick E. Allen sold 25,410 shares of Rockwell Collins stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $135.02, for a total transaction of $3,430,858.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,331 shares of company stock worth $4,891,757. Company insiders own 1.10% of the company’s stock.
Shares of Rockwell Collins, Inc. (NYSE:COL) opened at $135.92 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 1.56 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $22,283.12, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 1.80 and a beta of 0.72. Rockwell Collins, Inc. has a one year low of $92.75 and a one year high of $139.63.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings data on Friday, January 26th. The aerospace company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.06. Rockwell Collins had a net margin of 10.99% and a return on equity of 19.58%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period in the previous year, the business earned $1.20 earnings per share. The company’s revenue was up 68.6% on a year-over-year basis. equities research analysts anticipate that Rockwell Collins, Inc. will post 7.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 12th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, February 9th. Rockwell Collins’s dividend payout ratio is currently 24.58%.
Several equities analysts recently issued reports on the company. ValuEngine upgraded Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Cowen restated 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 Rockwell Collins from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 16th. Zacks Investment Research cut Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Monday, January 15th. Finally, Canaccord Genuity reduced their price objective on Rockwell Collins from $140.00 to $137.00 and set a “hold” rating on the stock in a research note on Tuesday, January 30th. One investment 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. The stock has a consensus rating of “Hold” and a consensus target price of $134.01.
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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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