Candriam Luxembourg S.C.A. cut its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 6.1% during the second quarter, Holdings Channel reports. The fund owned 14,295 shares of the aerospace company’s stock after selling 930 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Rockwell Collins were worth $1,502,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of COL. Toronto Dominion Bank increased its stake in shares of Rockwell Collins by 53.5% in the first quarter. Toronto Dominion Bank now owns 36,902 shares of the aerospace company’s stock valued at $3,585,000 after buying an additional 12,858 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Rockwell Collins by 4.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 408,655 shares of the aerospace company’s stock valued at $39,705,000 after buying an additional 15,531 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Rockwell Collins by 6.1% in the first quarter. Renaissance Technologies LLC now owns 1,057,600 shares of the aerospace company’s stock valued at $102,756,000 after buying an additional 60,900 shares during the last quarter. New England Research & Management Inc. purchased a new stake in shares of Rockwell Collins during the second quarter valued at approximately $633,000. Finally, Bank of Nova Scotia increased its stake in shares of Rockwell Collins by 4,434.1% in the first quarter. Bank of Nova Scotia now owns 130,447 shares of the aerospace company’s stock valued at $12,675,000 after buying an additional 127,570 shares during the last quarter. 66.74% of the stock is owned by hedge funds and other institutional investors.
Rockwell Collins, Inc. (NYSE COL) opened at 124.58 on Friday. The company’s 50-day moving average is $111.19 and its 200 day moving average is $102.45. The firm has a market cap of $20.24 billion, a PE ratio of 24.72 and a beta of 0.78. Rockwell Collins, Inc. has a one year low of $78.54 and a one year high of $128.43.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.06. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.63 EPS. Equities analysts anticipate that Rockwell Collins, Inc. will post $6.08 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Collins’s dividend payout ratio is 26.04%.
Rockwell Collins declared that its Board of Directors has authorized a share buyback program on Friday, July 7th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the aerospace company to purchase up to 1.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
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COL has been the subject of several recent analyst reports. Canaccord Genuity raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and upped their target price for the company from $108.00 to $125.00 in a research note on Tuesday, August 1st. BidaskClub downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Cowen and Company reissued a “market perform” rating and set a $115.00 price objective on shares of Rockwell Collins in a research report on Friday, July 28th. Sanford C. Bernstein started coverage on shares of Rockwell Collins in a research report on Thursday, May 25th. They set an “outperform” rating and a $129.00 price objective for the company. Finally, Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $113.79.
In other Rockwell Collins 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 transaction, the vice president now directly owns 10,519 shares of the company’s stock, valued at approximately $1,140,680.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 18,000 shares of company stock worth $1,480 over the last ninety days. 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.
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