Rockwell Collins, Inc. (COL) Shares Bought by WealthTrust Arizona LLC

WealthTrust Arizona LLC raised its stake in Rockwell Collins, Inc. (NYSE:COL) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,973 shares of the aerospace company’s stock after buying an additional 11 shares during the period. Rockwell Collins comprises approximately 0.4% of WealthTrust Arizona LLC’s holdings, making the stock its 25th largest position. WealthTrust Arizona LLC’s holdings in Rockwell Collins were worth $838,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC increased its stake in Rockwell Collins by 0.4% in the second quarter. CWM LLC now owns 1,216 shares of the aerospace company’s stock valued at $128,000 after buying an additional 5 shares during the period. Montecito Bank & Trust boosted its position in shares of Rockwell Collins by 0.5% in the first quarter. Montecito Bank & Trust now owns 2,666 shares of the aerospace company’s stock valued at $259,000 after buying an additional 12 shares in the last quarter. United Capital Financial Advisers LLC boosted its position in shares of Rockwell Collins by 0.3% in the first quarter. United Capital Financial Advisers LLC now owns 5,783 shares of the aerospace company’s stock valued at $562,000 after buying an additional 17 shares in the last quarter. Cleararc Capital Inc. boosted its position in shares of Rockwell Collins by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the aerospace company’s stock valued at $311,000 after buying an additional 28 shares in the last quarter. Finally, Sigma Planning Corp boosted its position in shares of Rockwell Collins by 1.0% in the first quarter. Sigma Planning Corp now owns 3,140 shares of the aerospace company’s stock valued at $305,000 after buying an additional 31 shares in the last quarter. Institutional investors own 66.22% of the company’s stock.

Shares of Rockwell Collins, Inc. (COL) traded up 0.30% during mid-day trading on Tuesday, hitting $110.19. The stock had a trading volume of 266,425 shares. The stock has a market cap of $17.89 billion, a P/E ratio of 19.78 and a beta of 0.79. Rockwell Collins, Inc. has a 52-week low of $78.54 and a 52-week high of $111.11. The company’s 50 day moving average is $106.64 and its 200-day moving average is $100.01.

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 Thomson Reuters’ consensus estimate of $1.31 by $0.03. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Rockwell Collins had a net margin of 13.83% and a return on equity of 34.40%. Rockwell Collins’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm earned $1.30 earnings per share. On average, equities research analysts anticipate that Rockwell Collins, Inc. will post $6.06 earnings per share for the current fiscal year.

Rockwell Collins announced that its board has approved a stock buyback program on Friday, July 7th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the aerospace company to purchase up to 1.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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COL has been the subject of several analyst reports. Zacks Investment Research raised Rockwell Collins from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Monday, March 27th. Credit Suisse Group reissued a “buy” rating and set a $120.00 price target on shares of Rockwell Collins in a report on Friday, March 31st. Barclays PLC reissued an “outperform” rating and set a $59.00 price target (down previously from $96.00) on shares of Rockwell Collins in a report on Friday, April 14th. Cowen and Company reissued an “outperform” rating and set a $112.00 price target on shares of Rockwell Collins in a report on Monday, April 17th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $93.00 price target on shares of Rockwell Collins in a report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $111.32.

In other news, VP Jeffrey A. Standerski sold 6,300 shares of Rockwell Collins stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $108.44, for a total transaction of $683,172.00. Following the completion of the sale, the vice president now directly owns 10,519 shares in the company, valued at $1,140,680.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Bruce Michael King sold 2,550 shares of Rockwell Collins stock in a transaction on Monday, May 1st. The stock was sold at an average price of $104.00, for a total transaction of $265,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 27,000 shares of company stock valued at $2,200 and have sold 15,100 shares valued at $1,604,622. 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.