Broderick Brian C Continues to Hold Position in Rockwell Collins, Inc. (NYSE:COL)

Broderick Brian C held its position in Rockwell Collins, Inc. (NYSE:COL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,594 shares of the aerospace company’s stock at the end of the second quarter. Broderick Brian C’s holdings in Rockwell Collins were worth $273,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Rockwell Collins by 4.1% in the first quarter. Vanguard Group Inc. now owns 12,608,914 shares of the aerospace company’s stock valued at $1,225,082,000 after buying an additional 497,170 shares during the last quarter. BlackRock Inc. raised its stake in Rockwell Collins by 3,360.5% in the first quarter. BlackRock Inc. now owns 8,849,135 shares of the aerospace company’s stock valued at $859,783,000 after buying an additional 8,593,416 shares during the last quarter. State Street Corp raised its stake in Rockwell Collins by 1.6% in the first quarter. State Street Corp now owns 5,858,531 shares of the aerospace company’s stock valued at $569,219,000 after buying an additional 90,699 shares during the last quarter. 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. Finally, Clearbridge Investments LLC raised its stake in Rockwell Collins by 10.5% in the first quarter. Clearbridge Investments LLC now owns 3,362,286 shares of the aerospace company’s stock valued at $326,680,000 after buying an additional 319,567 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors.

Rockwell Collins, Inc. (COL) traded up 1.8309% on Thursday, hitting $114.4172. 1,802,195 shares of the stock were exchanged. The company’s 50 day moving average is $107.44 and its 200 day moving average is $100.84. Rockwell Collins, Inc. has a 1-year low of $78.54 and a 1-year high of $114.42. The stock has a market cap of $18.59 billion, a PE ratio of 22.7063 and a beta of 0.79.

Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.06. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The business’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 EPS. On average, equities research analysts expect that Rockwell Collins, Inc. will post $6.09 earnings per share for the current year.

Rockwell Collins announced that its board has authorized a stock buyback program on Friday, July 7th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the aerospace company to buy up to 1.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.17%. The ex-dividend date is Thursday, August 10th. Rockwell Collins’s dividend payout ratio (DPR) is presently 26.04%.

TRADEMARK VIOLATION WARNING: “[[title]]” was originally posted by [[site]] and is owned by of [[site]]. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at [[permalink]].

Several equities research analysts have recently issued reports on the stock. Bank of America Corporation dropped their price objective on shares of Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, June 9th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $135.00 price objective on shares of Rockwell Collins in a research report on Friday, July 14th. Goldman Sachs Group, Inc. (The) set a $96.00 price objective on shares of Rockwell Collins and gave the stock a “sell” rating in a research report on Tuesday. Jefferies Group LLC reissued a “hold” rating and issued a $115.00 price objective (up previously from $108.00) on shares of Rockwell Collins in a research report on Monday. Finally, Cowen and Company reissued a “market perform” rating and issued a $115.00 price objective on shares of Rockwell Collins in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $113.79.

In other Rockwell Collins news, VP David J. Nieuwsma sold 6,250 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $105.00, for a total value of $656,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Jeffrey A. Standerski sold 6,300 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was 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 approximately $1,140,680.36. The disclosure for this sale can be found here. Insiders acquired a total of 26,000 shares of company stock worth $2,120 in the last three months. 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.