Savant Capital LLC continued to hold its stake in shares of Rockwell Collins Inc. (NYSE:COL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,545 shares of the company’s stock at the end of the second quarter. Savant Capital LLC’s holdings in Rockwell Collins were worth $642,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the company. Stratos Wealth Partners LTD. increased 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 $205,000. Telemus Capital LLC bought a new stake in Rockwell Collins during the second quarter valued at $209,000. Murphy Capital Management Inc. increased 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, Cleararc Capital Inc. increased its stake 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. 76.45% of the stock is owned by institutional investors and hedge funds.
Rockwell Collins Inc. (NYSE:COL) traded down 0.04% during midday trading on Tuesday, reaching $83.74. 552,377 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $83.94 and its 200 day moving average is $87.08. The firm has a market capitalization of $10.88 billion, a P/E ratio of 15.78 and a beta of 0.73. Rockwell Collins Inc. has a 52 week low of $76.03 and a 52 week high of $95.11.
Rockwell Collins (NYSE:COL) last released its earnings results 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. Rockwell Collins had a net margin of 13.54% and a return on equity of 37.06%. The firm earned $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm earned $1.33 earnings per share. Rockwell Collins’s revenue was up 2.9% compared to the same quarter last year. On average, analysts expect that Rockwell Collins Inc. will post $5.50 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 15th were issued 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 payout ratio is 24.81%.
Several analysts have recently weighed in on COL shares. Morgan Stanley started coverage on shares of Rockwell Collins in a research note on Thursday, June 23rd. They set an “equal weight” rating for the company. Jefferies Group reaffirmed a “hold” rating on shares of Rockwell Collins in a research note on Tuesday, July 5th. Zacks Investment Research downgraded shares of Rockwell Collins from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Argus downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Finally, Canaccord Genuity downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating and decreased their price target for the company from $100.00 to $94.00 in a research note on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $91.00.
In related news, VP Bruce Michael King sold 3,174 shares of the business’s stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $85.48, for a total value of $271,313.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Kelly Ortberg sold 25,474 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $84.97, for a total transaction of $2,164,525.78. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate 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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