Rockwell Collins, Inc. (COL) Shares Sold by Rothschild Asset Management Inc.
Rothschild Asset Management Inc. reduced its stake in Rockwell Collins, Inc. (NYSE:COL) by 24.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 5,298 shares of the aerospace company’s stock after selling 1,689 shares during the period. Rothschild Asset Management Inc.’s holdings in Rockwell Collins were worth $515,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of COL. Norges Bank bought a new position in Rockwell Collins during the fourth quarter valued at $92,839,000. FMR LLC boosted its position in Rockwell Collins by 39.4% in the first quarter. FMR LLC now owns 3,380,351 shares of the aerospace company’s stock valued at $328,435,000 after buying an additional 955,588 shares during the period. I.G. Investment Management LTD. boosted its position in Rockwell Collins by 9,081.4% in the fourth quarter. I.G. Investment Management LTD. now owns 863,050 shares of the aerospace company’s stock valued at $80,057,000 after buying an additional 853,650 shares during the period. Wells Fargo & Company MN boosted its position in Rockwell Collins by 60.5% in the first quarter. Wells Fargo & Company MN now owns 1,793,418 shares of the aerospace company’s stock valued at $174,249,000 after buying an additional 675,976 shares during the period. Finally, Roystone Capital Management LP bought a new position in Rockwell Collins during the fourth quarter valued at $61,175,000. Institutional investors own 66.36% of the company’s stock.
Rockwell Collins, Inc. (NYSE COL) traded up 0.21% during mid-day trading on Friday, hitting $107.32. The stock had a trading volume of 1,965,526 shares. Rockwell Collins, Inc. has a 12 month low of $78.54 and a 12 month high of $109.30. The stock has a market cap of $17.43 billion, a price-to-earnings ratio of 19.26 and a beta of 0.74. The stock’s 50-day moving average price is $105.00 and its 200-day moving average price is $97.61.
Rockwell Collins (NYSE:COL) last released its earnings results on Friday, April 21st. The aerospace company reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.03. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. Rockwell Collins had a return on equity of 34.40% and a net margin of 13.83%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. On average, analysts predict that Rockwell Collins, Inc. will post $6.03 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, June 5th. Stockholders of record on Monday, May 15th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, May 11th. Rockwell Collins’s dividend payout ratio is currently 23.66%.
COL has been the topic of several research analyst reports. Credit Suisse Group upgraded shares of Rockwell Collins from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $92.00 to $120.00 in a research report on Monday, March 20th. Morgan Stanley upgraded shares of Rockwell Collins from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $94.00 to $121.00 in a research report on Monday, March 13th. Deutsche Bank AG increased their price target on shares of Rockwell Collins from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, April 24th. Barclays PLC increased their price target on shares of Rockwell Collins from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Tuesday, April 25th. Finally, Zacks Investment Research upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research report on Monday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. Rockwell Collins currently has a consensus rating of “Buy” and a consensus price target of $110.24.
In other news, CFO Patrick E. Allen sold 1,550 shares of the business’s stock in a transaction that occurred on Wednesday, March 22nd. The stock was sold at an average price of $97.25, for a total transaction of $150,737.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Jeffrey A. Standerski sold 6,300 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $108.44, for a total value of $683,172.00. Following the transaction, the vice president now directly owns 10,519 shares in the company, valued at approximately $1,140,680.36. The disclosure for this sale can be found here. In the last three months, insiders have bought 33,000 shares of company stock worth $2,880 and have sold 65,566 shares worth $6,584,154. Insiders own 1.50% of the company’s stock.
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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