Rockwell Collins, Inc. (COL) Position Raised by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 2.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 521,636 shares of the aerospace company’s stock after buying an additional 14,350 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Rockwell Collins were worth $50,682,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. FMR LLC raised its stake 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 last quarter. Wells Fargo & Company MN raised its stake 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 last quarter. Franklin Resources Inc. raised its stake in Rockwell Collins by 0.5% in the fourth quarter. Franklin Resources Inc. now owns 1,579,292 shares of the aerospace company’s stock valued at $146,505,000 after buying an additional 7,935 shares during the last quarter. Nordea Investment Management AB raised its stake in Rockwell Collins by 1.3% in the first quarter. Nordea Investment Management AB now owns 1,055,161 shares of the aerospace company’s stock valued at $102,519,000 after buying an additional 13,733 shares during the last quarter. Finally, Norges Bank acquired a new stake in Rockwell Collins during the fourth quarter valued at $92,839,000. Hedge funds and other institutional investors own 66.36% of the company’s stock.

Institutional Ownership by Quarter for Rockwell Collins (NYSE:COL)

Rockwell Collins, Inc. (COL) traded down 0.2027% during midday trading on Tuesday, reaching $106.3141. 198,491 shares of the company traded hands. Rockwell Collins, Inc. has a 12-month low of $78.54 and a 12-month high of $109.30. The company has a 50-day moving average price of $105.07 and a 200-day moving average price of $97.76. The company has a market cap of $17.26 billion, a price-to-earnings ratio of 19.0801 and a beta of 0.74.

Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, April 21st. The aerospace company reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.03. Rockwell Collins had a return on equity of 34.40% and a net margin of 13.83%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company posted $1.30 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that Rockwell Collins, Inc. will post $6.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 5th. Stockholders of record on Monday, May 15th were paid a $0.33 dividend. The ex-dividend date was Thursday, May 11th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.24%. Rockwell Collins’s dividend payout ratio (DPR) is presently 23.66%.

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Several research firms have recently commented on COL. Zacks Investment Research lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Tuesday, March 28th. Credit Suisse Group upgraded shares of Rockwell Collins from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $92.00 to $120.00 in a research report on Monday, March 20th. Royal Bank Of Canada restated a “hold” rating and set a $114.00 price target on shares of Rockwell Collins in a research report on Friday, May 26th. Jefferies Group LLC set a $108.00 price target on shares of Rockwell Collins and gave the stock a “hold” rating in a research report on Monday, May 22nd. Finally, Canaccord Genuity restated a “hold” rating and set a $90.00 price target on shares of Rockwell Collins in a research report on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $110.24.

In other news, CFO Patrick E. Allen sold 1,550 shares of the firm’s stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $97.25, for a total value of $150,737.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Philip J. Jasper sold 7,311 shares of the firm’s stock in a transaction on Friday, March 24th. The shares were sold at an average price of $97.21, for a total value of $710,702.31. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 38,000 shares of company stock valued at $3,280 and sold 26,696 shares valued at $2,739,562. Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “COL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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