Cohen Klingenstein LLC Continues to Hold Position in Rockwell Collins Inc. (COL)
Cohen Klingenstein LLC held its stake in Rockwell Collins Inc. (NYSE:COL) during the third quarter, Holdings Channel reports. The institutional investor owned 20,300 shares of the company’s stock at the end of the third quarter. Cohen Klingenstein LLC’s holdings in Rockwell Collins were worth $1,712,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its stake in Rockwell Collins by 31.3% in the second quarter. Alliancebernstein L.P. now owns 2,410,080 shares of the company’s stock worth $205,194,000 after buying an additional 573,991 shares during the last quarter. Burgundy Asset Management Ltd. bought a new stake in shares of Rockwell Collins during the second quarter valued at $27,820,000. Vanguard Group Inc. increased its stake in shares of Rockwell Collins by 2.2% in the second quarter. Vanguard Group Inc. now owns 11,490,805 shares of the company’s stock valued at $978,328,000 after buying an additional 241,884 shares during the last quarter. Nuance Investments LLC increased its stake in shares of Rockwell Collins by 1,688.3% in the second quarter. Nuance Investments LLC now owns 230,918 shares of the company’s stock valued at $19,660,000 after buying an additional 218,005 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of Rockwell Collins by 112.7% in the second quarter. Neuberger Berman Group LLC now owns 361,149 shares of the company’s stock valued at $30,748,000 after buying an additional 191,380 shares during the last quarter. Institutional investors own 77.90% of the company’s stock.
Rockwell Collins Inc. (NYSE:COL) traded up 0.41% during midday trading on Wednesday, hitting $92.72. The stock had a trading volume of 1,335,736 shares. The company’s 50 day moving average price is $85.18 and its 200-day moving average price is $85.26. The stock has a market cap of $12.08 billion, a PE ratio of 16.83 and a beta of 0.77. Rockwell Collins Inc. has a 52-week low of $76.03 and a 52-week high of $94.98.
Rockwell Collins (NYSE:COL) last announced its earnings results on Monday, October 31st. The company reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.38. The firm earned $1.45 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Rockwell Collins had a return on equity of 37.31% and a net margin of 13.84%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 EPS. Analysts forecast that Rockwell Collins Inc. will post $5.44 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Monday, November 14th 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 1.42%. The ex-dividend date is Wednesday, November 9th. Rockwell Collins’s dividend payout ratio is currently 23.91%.
Several analysts have weighed in on the company. Wolfe Research assumed coverage on Rockwell Collins in a research report on Wednesday, November 23rd. They issued an “outperform” rating for the company. Jefferies Group reiterated a “hold” rating and issued a $92.00 price objective on shares of Rockwell Collins in a research report on Wednesday, August 10th. Argus downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Zacks Investment Research downgraded Rockwell Collins from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Finally, Buckingham Research reiterated a “buy” rating and issued a $97.00 price objective (down previously from $101.00) on shares of Rockwell Collins in a research report on Wednesday, October 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $90.92.
About Rockwell Collins
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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