US Bancorp DE Cuts Position in Rockwell Collins Inc. (COL)
US Bancorp DE lowered its stake in shares of Rockwell Collins Inc. (NYSE:COL) by 0.9% during the third quarter, Holdings Channel reports. The institutional investor owned 131,057 shares of the company’s stock after selling 1,163 shares during the period. US Bancorp DE’s holdings in Rockwell Collins were worth $11,053,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Signature Estate & Investment Advisors LLC acquired a new stake in Rockwell Collins during the third quarter worth approximately $196,000. Guyasuta Investment Advisors Inc. acquired a new stake in Rockwell Collins during the third quarter worth approximately $301,000. CIBC World Markets Inc. acquired a new stake in Rockwell Collins during the third quarter worth approximately $655,000. Buffington Mohr McNeal boosted its stake in Rockwell Collins by 15.0% in the third quarter. Buffington Mohr McNeal now owns 26,373 shares of the company’s stock worth $2,224,000 after buying an additional 3,448 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in Rockwell Collins during the third quarter worth approximately $26,067,000. Institutional investors own 77.90% of the company’s stock.
Rockwell Collins Inc. (NYSE:COL) traded up 0.12% during midday trading on Tuesday, hitting $92.73. The company had a trading volume of 506,635 shares. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 16.84 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. The stock has a 50 day moving average of $84.93 and a 200 day moving average of $85.23.
Rockwell Collins (NYSE:COL) last released its quarterly earnings data on Monday, October 31st. The company reported $1.58 earnings per share for the quarter, beating the 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 the consensus estimate of $1.22 billion. During the same period last year, the business posted $1.38 EPS. Rockwell Collins’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that Rockwell Collins Inc. will post $5.44 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Monday, November 14th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.43%. The ex-dividend date is Wednesday, November 9th. Rockwell Collins’s payout ratio is currently 23.91%.
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A number of analysts have recently commented 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 reaffirmed a “hold” rating and issued a $92.00 price target on shares of Rockwell Collins in a research note on Wednesday, August 10th. Argus lowered Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Zacks Investment Research lowered Rockwell Collins from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Finally, Buckingham Research reaffirmed a “buy” rating and issued a $97.00 price target (down from $101.00) on shares of Rockwell Collins in a research note on Wednesday, October 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price 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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