Commerce Bank Has $1,288,000 Stake in Rockwell Collins Inc. (COL)
Commerce Bank cut its stake in Rockwell Collins Inc. (NYSE:COL) by 2.4% during the third quarter, Holdings Channel reports. The fund owned 15,276 shares of the company’s stock after selling 382 shares during the period. Commerce Bank’s holdings in Rockwell Collins were worth $1,288,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC increased its position in Rockwell Collins by 0.4% in the second quarter. Signaturefd LLC now owns 3,071 shares of the company’s stock valued at $261,000 after buying an additional 13 shares during the last quarter. Fayez Sarofim & Co. increased its position in Rockwell Collins by 1.0% in the second quarter. Fayez Sarofim & Co. now owns 2,538 shares of the company’s stock valued at $216,000 after buying an additional 24 shares during the last quarter. Fic Capital Inc. increased its position in Rockwell Collins by 0.4% in the second quarter. Fic Capital Inc. now owns 6,899 shares of the company’s stock valued at $587,000 after buying an additional 30 shares during the last quarter. Conning Inc. increased its position in Rockwell Collins by 0.7% in the third quarter. Conning Inc. now owns 4,068 shares of the company’s stock valued at $343,000 after buying an additional 30 shares during the last quarter. Finally, Beese Fulmer Investment Management Inc. increased its position in Rockwell Collins by 0.3% in the second quarter. Beese Fulmer Investment Management Inc. now owns 11,555 shares of the company’s stock valued at $984,000 after buying an additional 31 shares during the last quarter. Institutional investors and hedge funds own 77.90% of the company’s stock.
Rockwell Collins Inc. (NYSE:COL) traded down 0.30% during mid-day trading on Tuesday, reaching $92.34. The company’s stock had a trading volume of 1,031,357 shares. Rockwell Collins Inc. has a 12-month low of $76.03 and a 12-month high of $94.98. The stock has a market cap of $12.03 billion, a price-to-earnings ratio of 16.76 and a beta of 0.77. The firm’s 50 day moving average price is $84.93 and its 200 day moving average price is $85.23.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings results on Monday, October 31st. The company reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.38. Rockwell Collins had a return on equity of 37.31% and a net margin of 13.84%. The firm earned $1.45 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business earned $1.38 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts predict that Rockwell Collins Inc. will post $5.44 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Shareholders 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 yield of 1.43%. The ex-dividend date of this dividend is Wednesday, November 9th. Rockwell Collins’s dividend payout ratio (DPR) is currently 23.91%.
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Several research firms have weighed in on COL. Vertical Research began coverage on Rockwell Collins in a research note on Friday, October 28th. They issued a “hold” rating for the company. Vertical Group initiated coverage on Rockwell Collins in a research report on Friday, October 28th. They set a “hold” rating for the company. Jefferies Group reiterated a “hold” rating and set a $92.00 target price on shares of Rockwell Collins in a research report on Wednesday, August 10th. Wolfe Research initiated coverage on Rockwell Collins in a research report on Wednesday, November 23rd. They set an “outperform” rating for the company. Finally, Buckingham Research reiterated a “buy” rating and set a $97.00 target price (down from $101.00) on shares of Rockwell Collins in a research report on Wednesday, October 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $90.92.
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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