Stone Ridge Asset Management LLC bought a new stake in shares of Rockwell Collins, Inc. (NYSE:COL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 77,053 shares of the aerospace company’s stock, valued at approximately $10,450,000. Rockwell Collins accounts for 0.7% of Stone Ridge Asset Management LLC’s portfolio, making the stock its 14th biggest holding.
A number of other hedge funds also recently modified their holdings of COL. Fieldpoint Private Securities LLC purchased a new stake in Rockwell Collins during the 3rd quarter valued at about $100,000. FNY Partners Fund LP purchased a new stake in Rockwell Collins during the 3rd quarter valued at about $104,000. Tower Research Capital LLC TRC purchased a new stake in Rockwell Collins during the 4th quarter valued at about $118,000. Cerebellum GP LLC purchased a new stake in Rockwell Collins during the 4th quarter valued at about $130,000. Finally, Keeler Thomas Management LLC purchased a new stake in Rockwell Collins during the 4th quarter valued at about $135,000. Institutional investors own 66.51% of the company’s stock.
In other news, CFO Patrick E. Allen sold 25,410 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $135.02, for a total value of $3,430,858.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Douglas E. Stenske sold 3,287 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $135.00, for a total value of $443,745.00. Following the completion of the transaction, the vice president now owns 8,776 shares of the company’s stock, valued at approximately $1,184,760. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
Rockwell Collins (NYSE:COL) last released its earnings results on Friday, January 26th. The aerospace company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.06. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2 billion. Rockwell Collins had a return on equity of 19.58% and a net margin of 10.99%. The firm’s revenue for the quarter was up 68.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. analysts expect that Rockwell Collins, Inc. will post 7.2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 5th. Stockholders of record on Monday, February 12th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, February 9th. Rockwell Collins’s payout ratio is presently 24.58%.
Several equities research analysts have weighed in on COL shares. Zacks Investment Research upgraded Rockwell Collins from a “hold” rating to a “buy” rating and set a $151.00 price objective for the company in a report on Wednesday, February 21st. ValuEngine upgraded Rockwell Collins from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada set a $140.00 price objective on Rockwell Collins and gave the stock a “hold” rating in a report on Sunday, November 12th. Finally, Canaccord Genuity dropped their price objective on Rockwell Collins from $140.00 to $137.00 and set a “hold” rating for the company in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $133.95.
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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