Parametrica Management Ltd purchased a new stake in Rockwell Collins, Inc. (NYSE:COL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,845 shares of the aerospace company’s stock, valued at approximately $299,000.
Several other hedge funds also recently bought and sold shares of the company. NEXT Financial Group Inc boosted its stake in Rockwell Collins by 35.7% in the second quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock valued at $100,000 after buying an additional 250 shares in the last quarter. Whittier Trust Co. boosted its stake in Rockwell Collins by 30.1% in the first quarter. Whittier Trust Co. now owns 1,106 shares of the aerospace company’s stock worth $108,000 after buying an additional 256 shares during the period. Global X Management Co. LLC boosted its stake in Rockwell Collins by 31.1% in the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock worth $114,000 after buying an additional 278 shares during the period. Winslow Evans & Crocker Inc. purchased a new stake in shares of Rockwell Collins during the second quarter worth $124,000. Finally, Harfst & Associates Inc. purchased a new stake in shares of Rockwell Collins during the first quarter worth $114,000. Institutional investors and hedge funds own 66.74% of the company’s stock.
Rockwell Collins, Inc. (COL) traded down 1.08% during mid-day trading on Tuesday, reaching $125.70. The company had a trading volume of 3,672,056 shares. The firm has a market capitalization of $20.42 billion, a P/E ratio of 24.95 and a beta of 0.78. Rockwell Collins, Inc. has a one year low of $78.54 and a one year high of $126.33. The firm’s 50-day moving average is $108.30 and its 200-day moving average is $101.17.
Rockwell Collins (NYSE:COL) last released its earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.06. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Rockwell Collins had a return on equity of 17.95% and a net margin of 8.55%. The firm’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 EPS. On average, equities research analysts anticipate that Rockwell Collins, Inc. will post $6.11 earnings per share for the current fiscal year.
Rockwell Collins declared that its board has authorized a share buyback plan on Friday, July 7th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the aerospace company to reacquire up to 1.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Thursday, August 10th. Rockwell Collins’s payout ratio is presently 26.04%.
A number of analysts have recently weighed in on COL shares. Canaccord Genuity upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $108.00 to $125.00 in a research note on Tuesday, August 1st. BidaskClub lowered 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 issued a $115.00 price target on shares of Rockwell Collins in a report on Friday, July 28th. Sanford C. Bernstein initiated coverage on shares of Rockwell Collins in a report on Thursday, May 25th. They issued an “outperform” rating and a $129.00 price target on the stock. Finally, Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $113.79.
In other news, VP Jeffrey A. Standerski sold 6,300 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 10,519 shares in the company, valued at approximately $1,140,680.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders bought 18,000 shares of company stock valued at $1,480. 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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