MetLife Investment Advisors LLC purchased a new position in Rockwell Collins, Inc. (NYSE:COL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 50,371 shares of the aerospace company’s stock, valued at approximately $6,831,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Amalgamated Bank grew its position in Rockwell Collins by 2.1% in the third quarter. Amalgamated Bank now owns 19,558 shares of the aerospace company’s stock worth $2,556,000 after acquiring an additional 406 shares in the last quarter. Dai Ichi Life Insurance Company Ltd lifted its stake in Rockwell Collins by 4.6% in the third quarter. Dai Ichi Life Insurance Company Ltd now owns 13,053 shares of the aerospace company’s stock worth $1,706,000 after purchasing an additional 576 shares during the last quarter. Trust Co lifted its stake in Rockwell Collins by 27.9% in the third quarter. Trust Co now owns 2,754 shares of the aerospace company’s stock worth $360,000 after purchasing an additional 600 shares during the last quarter. ETRADE Capital Management LLC lifted its stake in Rockwell Collins by 3.4% in the fourth quarter. ETRADE Capital Management LLC now owns 20,852 shares of the aerospace company’s stock worth $2,828,000 after purchasing an additional 683 shares during the last quarter. Finally, Whittier Trust Co. lifted its stake in Rockwell Collins by 60.9% in the fourth quarter. Whittier Trust Co. now owns 1,836 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 695 shares during the last quarter. Institutional investors own 67.68% of the company’s stock.
Shares of Rockwell Collins, Inc. (NYSE COL) opened at $134.97 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.56. Rockwell Collins, Inc. has a 12 month low of $95.62 and a 12 month high of $139.63. The firm has a market cap of $22,306.07, a P/E ratio of 25.13, a PEG ratio of 1.78 and a beta of 0.70.
The business also recently declared a quarterly dividend, which was paid on Monday, March 5th. Stockholders of record on Monday, February 12th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, February 9th. Rockwell Collins’s dividend payout ratio is presently 24.58%.
Several analysts have issued reports on COL shares. Zacks Investment Research downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Royal Bank of Canada set a $151.00 price objective on shares of Rockwell Collins and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Canaccord Genuity decreased their price objective on shares of Rockwell Collins from $140.00 to $137.00 and set a “hold” rating for the company in a research note on Tuesday, January 30th. Cowen reissued a “hold” rating and issued a $135.00 price objective on shares of Rockwell Collins in a research note on Friday, January 26th. Finally, ValuEngine raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Rockwell Collins presently has an average rating of “Hold” and an average target price of $133.95.
ILLEGAL ACTIVITY NOTICE: This article was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://stocknewstimes.com/2018/03/23/metlife-investment-advisors-llc-invests-6-83-million-in-rockwell-collins-inc-col-stock.html.
Rockwell Collins Company Profile
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.
Receive News & Ratings for Rockwell Collins Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Collins and related companies with MarketBeat.com's FREE daily email newsletter.