Cooke & Bieler LP boosted its position in shares of Rockwell Collins Inc. (NYSE:COL) by 28.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 855,318 shares of the company’s stock after buying an additional 186,941 shares during the period. Rockwell Collins accounts for 1.6% of Cooke & Bieler LP’s portfolio, making the stock its 28th largest position. Cooke & Bieler LP’s holdings in Rockwell Collins were worth $72,822,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in Rockwell Collins by 9.0% in the first quarter. Geode Capital Management LLC now owns 1,135,941 shares of the company’s stock worth $104,544,000 after buying an additional 93,382 shares in the last quarter. Capital Fund Management S.A. bought a new stake in Rockwell Collins during the second quarter worth about $7,182,000. Old Mutual Global Investors UK Ltd. boosted its stake in Rockwell Collins by 383.8% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 94,729 shares of the company’s stock worth $8,065,000 after buying an additional 75,147 shares in the last quarter. Bank of Montreal Can bought a new stake in Rockwell Collins during the second quarter worth about $6,239,000. Finally, Retirement Systems of Alabama boosted its stake in Rockwell Collins by 70.3% in the second quarter. Retirement Systems of Alabama now owns 112,717 shares of the company’s stock worth $9,597,000 after buying an additional 46,521 shares in the last quarter. 76.47% of the stock is owned by institutional investors.
Shares of Rockwell Collins Inc. (NYSE:COL) traded down 0.35% during midday trading on Monday, hitting $83.18. 558,241 shares of the company traded hands. The stock has a 50 day moving average of $83.57 and a 200-day moving average of $86.64. The stock has a market capitalization of $10.81 billion, a PE ratio of 15.67 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 quarterly earnings data on Monday, July 25th. The company reported $1.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.04. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate 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 was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 earnings per share. Equities analysts forecast that Rockwell Collins Inc. will post $5.50 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on COL shares. Canaccord Genuity cut shares of Rockwell Collins from a “buy” rating to a “hold” rating and cut their target price for the stock from $100.00 to $94.00 in a research note on Tuesday, July 26th. Zacks Investment Research upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Monday, June 27th. Jefferies Group restated a “hold” rating and set a $92.00 target price on shares of Rockwell Collins in a research note on Wednesday, August 10th. 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. Finally, Robert W. Baird started coverage on shares of Rockwell Collins in a research note on Wednesday, October 5th. They set a “neutral” rating and a $90.00 target price for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $91.42.
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.
Want to see what other hedge funds are holding COL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Collins Inc. (NYSE:COL).
Receive News & Ratings for Rockwell Collins Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Collins Inc. and related companies with MarketBeat.com's FREE daily email newsletter.