JPMorgan Chase & Co. lifted its stake in Rockwell Collins, Inc. (NYSE:COL) by 545.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 240,738 shares of the aerospace company’s stock after purchasing an additional 203,426 shares during the quarter. JPMorgan Chase & Co. owned about 0.15% of Rockwell Collins worth $25,298,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in COL. NEXT Financial Group Inc boosted its holdings in shares of Rockwell Collins by 35.7% in the 2nd quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock worth $100,000 after purchasing an additional 250 shares during the period. Global X Management Co. LLC boosted its holdings in shares of Rockwell Collins by 31.1% in the 1st quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock worth $114,000 after purchasing an additional 278 shares during the period. Harfst & Associates Inc. purchased a new position in shares of Rockwell Collins in the 1st quarter worth approximately $114,000. Whittier Trust Co. boosted its holdings in shares of Rockwell Collins by 3.2% in the 2nd quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock worth $120,000 after purchasing an additional 35 shares during the period. Finally, Winslow Evans & Crocker Inc. purchased a new position in shares of Rockwell Collins in the 2nd quarter worth approximately $124,000. Hedge funds and other institutional investors own 72.31% of the company’s stock.
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Shares of Rockwell Collins, Inc. (NYSE:COL) opened at 130.57 on Wednesday. The firm’s 50-day moving average price is $126.75 and its 200-day moving average price is $109.38. The company has a market capitalization of $21.21 billion, a price-to-earnings ratio of 25.91 and a beta of 0.75. Rockwell Collins, Inc. has a 12 month low of $78.54 and a 12 month high of $135.31.
Rockwell Collins (NYSE:COL) last released its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.58 by $0.06. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the business posted $1.63 earnings per share. The company’s quarterly revenue was up 57.0% on a year-over-year basis. Equities research analysts expect that Rockwell Collins, Inc. will post $6.09 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 14th were issued a $0.33 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.32 dividend on an annualized basis and a yield of 1.01%. Rockwell Collins’s dividend payout ratio (DPR) is presently 26.04%.
Rockwell Collins declared that its board has initiated a share buyback plan on Friday, July 7th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the aerospace company to repurchase up to 1.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
A number of equities analysts have recently commented on the company. Robert W. Baird cut Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 target price for the company. in a report on Wednesday, September 13th. Sanford C. Bernstein cut Rockwell Collins from an “outperform” rating to a “market perform” rating and set a $137.00 target price for the company. in a report on Monday, September 11th. Wolfe Research cut Rockwell Collins from an “outperform” rating to a “peer perform” rating in a report on Wednesday, September 6th. Seaport Global Securities cut Rockwell Collins from a “buy” rating to a “neutral” rating in a report on Wednesday, September 6th. Finally, Drexel Hamilton cut Rockwell Collins from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $122.34.
In related news, Director Harlan Donnley Meade bought 1,666,667 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average cost of $0.06 per share, for a total transaction of $100,000.02. Over the last quarter, insiders purchased 1,675,667 shares of company stock valued at $100,720. 1.50% of the stock is currently owned by company insiders.
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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