Conning Inc. cut its stake in shares of Rockwell Collins Inc. (NYSE:COL) by 2.2% during the second quarter, Holdings Channel reports. The institutional investor owned 4,038 shares of the company’s stock after selling 90 shares during the period. Conning Inc.’s holdings in Rockwell Collins were worth $344,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Cleararc Capital Inc. boosted its position in Rockwell Collins by 0.3% in the first quarter. Cleararc Capital Inc. now owns 3,206 shares of the company’s stock valued at $296,000 after buying an additional 10 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position 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. Raymond James Trust N.A. boosted its position in Rockwell Collins by 3.1% in the second quarter. Raymond James Trust N.A. now owns 3,743 shares of the company’s stock valued at $318,000 after buying an additional 113 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Rockwell Collins by 2.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 7,960 shares of the company’s stock valued at $734,000 after buying an additional 163 shares in the last quarter. Finally, Sentry Investment Management LLC boosted its position in Rockwell Collins by 3.8% in the first quarter. Sentry Investment Management LLC now owns 10,046 shares of the company’s stock valued at $926,000 after buying an additional 368 shares in the last quarter. 76.45% of the stock is owned by institutional investors and hedge funds.
Shares of Rockwell Collins Inc. (NYSE:COL) traded down 0.68% on Monday, hitting $83.77. The company had a trading volume of 368,028 shares. The company has a 50 day moving average price of $83.94 and a 200 day moving average price of $87.08. The firm has a market capitalization of $10.88 billion, a price-to-earnings ratio of 15.78 and a beta of 0.73. Rockwell Collins Inc. has a 1-year low of $76.03 and a 1-year high of $95.11.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Monday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. The firm earned $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. Rockwell Collins had a return on equity of 37.06% and a net margin of 13.54%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 EPS. On average, equities analysts forecast that Rockwell Collins Inc. will post $5.50 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 15th were paid a $0.33 dividend. The ex-dividend date was Thursday, August 11th. This represents a $1.32 dividend on an annualized basis and a yield of 1.58%. Rockwell Collins’s dividend payout ratio (DPR) is presently 24.81%.
Several research firms recently weighed in on COL. Zacks Investment Research raised shares of Rockwell Collins from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Canaccord Genuity downgraded Rockwell Collins from a “buy” rating to a “hold” rating and cut their price target for the company from $100.00 to $94.00 in a report on Tuesday, July 26th. Jefferies Group reaffirmed a “hold” rating and set a $92.00 price target (down previously from $96.00) on shares of Rockwell Collins in a report on Wednesday, July 27th. Morgan Stanley assumed coverage on Rockwell Collins in a report on Thursday, June 23rd. They set an “equal weight” rating for the company. Finally, Argus downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a report on Friday, August 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Rockwell Collins currently has a consensus rating of “Hold” and an average price target of $91.00.
In other Rockwell Collins news, CEO Robert Kelly Ortberg sold 25,474 shares of the company’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $84.97, for a total value of $2,164,525.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bruce Michael King sold 3,174 shares of the company’s stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $85.48, for a total value of $271,313.52. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
About Rockwell Collins
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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