Jennison Associates LLC Invests $43.69 Million in Rockwell Collins, Inc. (COL) Stock

Jennison Associates LLC purchased a new stake in shares of Rockwell Collins, Inc. (NYSE:COL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 334,254 shares of the aerospace company’s stock, valued at approximately $43,690,000. Jennison Associates LLC owned 0.21% of Rockwell Collins at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of COL. Vanguard Group Inc. grew its position in Rockwell Collins by 27.0% during the second quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock valued at $1,683,340,000 after acquiring an additional 3,410,680 shares during the period. BlackRock Inc. grew its position in Rockwell Collins by 27.9% during the second quarter. BlackRock Inc. now owns 11,315,505 shares of the aerospace company’s stock valued at $1,189,034,000 after acquiring an additional 2,466,370 shares during the period. Epoch Investment Partners Inc. grew its position in Rockwell Collins by 186.0% during the second quarter. Epoch Investment Partners Inc. now owns 2,028,189 shares of the aerospace company’s stock valued at $213,122,000 after acquiring an additional 1,319,020 shares during the period. Franklin Resources Inc. grew its position in Rockwell Collins by 76.0% during the second quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock valued at $315,130,000 after acquiring an additional 1,295,052 shares during the period. Finally, State Street Corp grew its position in Rockwell Collins by 21.9% during the second quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock valued at $750,304,000 after acquiring an additional 1,281,647 shares during the period. 78.06% of the stock is owned by hedge funds and other institutional investors.

Rockwell Collins, Inc. (COL) opened at $132.88 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 1.10. Rockwell Collins, Inc. has a one year low of $87.05 and a one year high of $136.50. The company has a market capitalization of $21,712.46, a PE ratio of 22.30, a P/E/G ratio of 1.60 and a beta of 0.73.

Rockwell Collins (NYSE:COL) last released its quarterly earnings results on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.80. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the firm posted $1.58 earnings per share. The company’s revenue was up 51.8% compared to the same quarter last year. analysts forecast that Rockwell Collins, Inc. will post 7.18 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, November 10th. Rockwell Collins’s payout ratio is currently 27.62%.

A number of research firms have issued reports on COL. Royal Bank Of Canada set a $140.00 price target on Rockwell Collins and gave the company a “hold” rating in a research report on Sunday. Credit Suisse Group downgraded Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a research report on Wednesday, November 8th. Zacks Investment Research raised Rockwell Collins from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a research report on Monday, October 23rd. Canaccord Genuity reissued 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 LLC reaffirmed a “hold” rating and issued a $115.00 target price on shares of Rockwell Collins in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $128.85.

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In other news, Director Harlan Donnley Meade acquired 1,666,667 shares of the business’s stock in a transaction on Friday, September 15th. The shares were purchased at an average price of $0.06 per share, for a total transaction of $100,000.02. Also, VP David J. Nieuwsma sold 2,167 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $133.91, for a total value of $290,182.97. The disclosure for this sale can be found here. Insiders have sold 529,847 shares of company stock worth $71,710,729 in the last 90 days. 1.50% of the stock is currently owned by insiders.

Rockwell Collins 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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Institutional Ownership by Quarter for Rockwell Collins (NYSE:COL)

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