Macquarie Group Ltd. cut its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 22.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 134,197 shares of the aerospace company’s stock after selling 39,378 shares during the quarter. Macquarie Group Ltd. owned approximately 0.08% of Rockwell Collins worth $17,541,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Jacobi Capital Management LLC lifted its stake in shares of Rockwell Collins by 30.0% during the second quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock worth $108,000 after buying an additional 231 shares during the period. Highlander Capital Management LLC lifted its position in Rockwell Collins by 106.0% during the second quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 527 shares during the period. Sun Life Financial INC increased its holdings in Rockwell Collins by 16,857.1% in the second quarter. Sun Life Financial INC now owns 1,187 shares of the aerospace company’s stock valued at $125,000 after buying an additional 1,180 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in Rockwell Collins in the second quarter valued at $137,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Rockwell Collins in the third quarter valued at $178,000. 72.80% of the stock is currently owned by institutional investors and hedge funds.
Rockwell Collins, Inc. (NYSE COL) opened at $133.04 on Wednesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.55 and a quick ratio of 0.75. The company has a market cap of $21,640.25, a price-to-earnings ratio of 22.21, a P/E/G ratio of 1.59 and a beta of 0.72. Rockwell Collins, Inc. has a 52-week low of $88.80 and a 52-week high of $136.50.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 13th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Friday, November 10th. Rockwell Collins’s dividend payout ratio is currently 27.62%.
A number of research analysts have weighed in on the stock. Royal Bank Of Canada set a $140.00 price objective on shares of Rockwell Collins and gave the company a “hold” rating in a report on Sunday, November 12th. Credit Suisse Group cut shares of Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 target price for the company. in a research note on Wednesday, November 8th. Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research note on Monday, October 23rd. Canaccord Genuity restated a “hold” rating and set a $140.00 price target on shares of Rockwell Collins in a research report on Friday, October 6th. Finally, Jefferies Group restated a “hold” rating and set a $115.00 price target on shares of Rockwell Collins in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $128.85.
In related news, Director Harlan Donnley Meade purchased 1,666,667 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was acquired at an average price of $0.06 per share, for a total transaction of $100,000.02. Also, VP Jeffrey D. Maclauchlan sold 7,634 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $133.24, for a total transaction of $1,017,154.16. Following the completion of the transaction, the vice president now owns 9,179 shares of the company’s stock, valued at approximately $1,223,009.96. The disclosure for this sale can be found here. Insiders sold a total of 543,115 shares of company stock valued at $73,475,644 in the last 90 days. Company insiders own 1.50% of the company’s stock.
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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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