Prudential Financial Inc. increased its stake in shares of Rockwell Collins Inc. (NYSE:COL) by 10.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 182,984 shares of the company’s stock after buying an additional 16,864 shares during the period. Prudential Financial Inc. owned about 0.14% of Rockwell Collins worth $15,580,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the stock. Stratos Wealth Partners LTD. boosted its stake in Rockwell Collins by 0.9% in the first quarter. Stratos Wealth Partners LTD. now owns 2,185 shares of the company’s stock valued at $202,000 after buying an additional 20 shares in the last quarter. Parametrica Management Ltd bought a new stake in Rockwell Collins during the second quarter valued at approximately $205,000. Telemus Capital LLC bought a new stake in Rockwell Collins during the second quarter valued at approximately $209,000. Murphy Capital Management Inc. boosted its stake in Rockwell Collins by 36.4% in the second quarter. Murphy Capital Management Inc. now owns 3,000 shares of the company’s stock valued at $255,000 after buying an additional 800 shares in the last quarter. Finally, Signaturefd LLC boosted its stake 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 in the last quarter. 76.45% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rockwell Collins Inc. (NYSE:COL) traded up 0.38% on Friday, reaching $84.55. 111,354 shares of the company were exchanged. The company’s 50 day moving average is $83.96 and its 200 day moving average is $87.21. Rockwell Collins Inc. has a 12-month low of $76.03 and a 12-month high of $95.11. The firm has a market capitalization of $10.99 billion, a PE ratio of 15.93 and a beta of 0.62.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Monday, July 25th. The company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.59 by $0.04. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. Rockwell Collins had a net margin of 13.54% and a return on equity of 37.06%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 earnings per share. Analysts forecast that Rockwell Collins Inc. will post $5.50 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 15th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.57%. The ex-dividend date was Thursday, August 11th. Rockwell Collins’s dividend payout ratio is 24.81%.
Several equities research analysts recently commented on the stock. Jefferies Group reaffirmed a “hold” rating on shares of Rockwell Collins in a research report on Tuesday, July 5th. Zacks Investment Research raised shares of Rockwell Collins from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Argus cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Morgan Stanley initiated coverage on shares of Rockwell Collins in a research report on Thursday, June 23rd. They set an “equal weight” rating on the stock. Finally, Canaccord Genuity cut shares of Rockwell Collins from a “buy” rating to a “hold” rating and cut their price target for the stock from $100.00 to $94.00 in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $91.00.
In other Rockwell Collins news, CEO Robert Kelly Ortberg sold 25,474 shares of Rockwell Collins stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $84.97, for a total value of $2,164,525.78. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Philip J. Jasper sold 2,184 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $85.00, for a total transaction of $185,640.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
Rockwell Collins Company Profile
Rockwell Collins, Inc is engaged in design, production and support of communications and aviation electronics for commercial and military customers around the world. The Company’s products and systems are focused on aviation applications. It operates in two segments: Government Systems and Commercial Systems.
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