Deutsche Bank AG grew its holdings in Rockwell Collins, Inc. (NYSE:COL) by 29.1% in the fourth quarter, HoldingsChannel reports. The firm owned 475,741 shares of the aerospace company’s stock after buying an additional 107,149 shares during the quarter. Deutsche Bank AG’s holdings in Rockwell Collins were worth $64,513,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Fieldpoint Private Securities LLC bought a new stake in shares of Rockwell Collins in the 3rd quarter worth $100,000. FNY Partners Fund LP bought a new stake in shares of Rockwell Collins in the 3rd quarter worth $104,000. Tower Research Capital LLC TRC bought a new stake in shares of Rockwell Collins in the fourth quarter worth $118,000. Cerebellum GP LLC bought a new stake in shares of Rockwell Collins in the fourth quarter worth $130,000. Finally, Keeler Thomas Management LLC bought a new stake in shares of Rockwell Collins in the fourth quarter worth $135,000. 67.70% of the stock is owned by institutional investors and hedge funds.
In other Rockwell Collins news, CFO Patrick E. Allen sold 25,410 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $135.02, for a total transaction of $3,430,858.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Douglas E. Stenske sold 3,287 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $135.00, for a total value of $443,745.00. Following the sale, the vice president now directly owns 8,776 shares of the company’s stock, valued at approximately $1,184,760. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
Rockwell Collins (NYSE:COL) last released its quarterly earnings results on Friday, January 26th. The aerospace company reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.06. Rockwell Collins had a return on equity of 19.58% and a net margin of 10.99%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. Rockwell Collins’s revenue for the quarter was up 68.6% on a year-over-year basis. equities research analysts expect that Rockwell Collins, Inc. will post 7.2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Monday, February 12th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.97%. The ex-dividend date was Friday, February 9th. Rockwell Collins’s dividend payout ratio is presently 24.58%.
Several analysts recently commented on COL shares. Zacks Investment Research lowered Rockwell Collins from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Wells Fargo & Co lowered Rockwell Collins from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 16th. Royal Bank of Canada set a $151.00 price objective on Rockwell Collins and gave the stock a “hold” rating in a report on Wednesday, January 24th. Cowen reaffirmed a “hold” rating and issued a $135.00 price objective on shares of Rockwell Collins in a report on Friday, January 26th. Finally, Canaccord Genuity cut their price objective on Rockwell Collins from $140.00 to $137.00 and set a “hold” rating for the company in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $133.95.
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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.
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