Cliftonlarsonallen Wealth Advisors LLC raised its position in shares of Rockwell Collins, Inc. (NYSE:COL) by 0.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 309,121 shares of the aerospace company’s stock after buying an additional 51 shares during the period. Rockwell Collins accounts for about 3.6% of Cliftonlarsonallen Wealth Advisors LLC’s investment portfolio, making the stock its 7th largest position. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Rockwell Collins were worth $32,482,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Advisor Partners LLC boosted its position in shares of Rockwell Collins by 33.5% in the second quarter. Advisor Partners LLC now owns 3,397 shares of the aerospace company’s stock worth $357,000 after buying an additional 853 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Rockwell Collins by 11.8% in the second quarter. Pictet Asset Management Ltd. now owns 147,099 shares of the aerospace company’s stock worth $16,041,000 after buying an additional 15,547 shares during the last quarter. TD Asset Management Inc. boosted its position in shares of Rockwell Collins by 73.5% in the second quarter. TD Asset Management Inc. now owns 627,655 shares of the aerospace company’s stock worth $65,954,000 after buying an additional 265,855 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Rockwell Collins by 24.5% in the second quarter. Retirement Systems of Alabama now owns 78,732 shares of the aerospace company’s stock worth $8,273,000 after buying an additional 15,492 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Rockwell Collins by 7.7% in the second quarter. IFP Advisors Inc now owns 6,922 shares of the aerospace company’s stock worth $727,000 after buying an additional 492 shares during the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.
Rockwell Collins, Inc. (NYSE:COL) opened at 127.07 on Tuesday. Rockwell Collins, Inc. has a 12 month low of $78.54 and a 12 month high of $128.43. The stock has a market cap of $20.65 billion, a price-to-earnings ratio of 25.22 and a beta of 0.78. The firm’s 50-day moving average price is $107.44 and its 200 day moving average price is $100.84.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.06. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. Rockwell Collins had a return on equity of 17.95% and a net margin of 8.55%. Rockwell Collins’s quarterly revenue was up 57.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.63 EPS. On average, analysts anticipate that Rockwell Collins, Inc. will post $6.11 earnings per share for the current year.
Rockwell Collins announced that its Board of Directors has authorized a stock buyback program on Friday, July 7th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the aerospace company to purchase up to 1.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Collins’s dividend payout ratio (DPR) is presently 26.04%.
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A number of research analysts have commented on the stock. ValuEngine cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Cowen and Company reiterated a “hold” rating and set a $115.00 price target on shares of Rockwell Collins in a research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) set a $96.00 price objective on Rockwell Collins and gave the company a “sell” rating in a research note on Tuesday, August 1st. Canaccord Genuity raised Rockwell Collins from a “hold” rating to a “buy” rating and increased their price objective for the company from $108.00 to $125.00 in a research note on Tuesday, August 1st. Finally, BidaskClub lowered Rockwell Collins from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. Rockwell Collins currently has an average rating of “Hold” and an average price target of $113.79.
In other Rockwell Collins news, VP Jeffrey A. Standerski sold 6,300 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $108.44, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders acquired a total of 18,000 shares of company stock worth $1,480 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.
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.
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