Burney Co. lessened its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,117 shares of the aerospace company’s stock after selling 2,307 shares during the quarter. Burney Co.’s holdings in Rockwell Collins were worth $3,921,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new position in shares of Rockwell Collins during the 2nd quarter worth about $258,000. Victory Capital Management Inc. lifted its position in Rockwell Collins by 12.0% in the 2nd quarter. Victory Capital Management Inc. now owns 31,617 shares of the aerospace company’s stock valued at $4,258,000 after acquiring an additional 3,386 shares in the last quarter. Nuance Investments LLC lifted its position in Rockwell Collins by 71.3% in the 2nd quarter. Nuance Investments LLC now owns 106,616 shares of the aerospace company’s stock valued at $14,359,000 after acquiring an additional 44,360 shares in the last quarter. North Star Investment Management Corp. bought a new position in Rockwell Collins in the 2nd quarter valued at about $135,000. Finally, J. L. Bainbridge & Co. Inc. bought a new position in Rockwell Collins in the 2nd quarter valued at about $309,000. 67.52% of the stock is currently owned by institutional investors.
Shares of NYSE COL opened at $136.05 on Wednesday. Rockwell Collins, Inc. has a fifty-two week low of $129.70 and a fifty-two week high of $139.63. The stock has a market capitalization of $22.35 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 1.79 and a beta of 0.63. The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 0.93.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, July 27th. The aerospace company reported $1.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.89 by ($0.16). Rockwell Collins had a net margin of 11.70% and a return on equity of 17.75%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the business posted $1.64 EPS. Rockwell Collins’s revenue was up 5.4% compared to the same quarter last year. sell-side analysts expect that Rockwell Collins, Inc. will post 7.15 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Monday, August 20th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, August 17th. This represents a $1.32 annualized dividend and a dividend yield of 0.97%. Rockwell Collins’s dividend payout ratio is currently 21.46%.
Several equities analysts recently weighed in on the stock. Cowen reaffirmed a “hold” rating and issued a $135.00 price target on shares of Rockwell Collins in a research report on Friday, July 27th. ValuEngine cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Finally, Zacks Investment Research raised shares of Rockwell Collins from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. Sixteen equities research analysts have rated the stock with a hold rating, Rockwell Collins currently has an average rating of “Hold” and a consensus price target of $137.90.
Rockwell Collins Profile
Rockwell Collins, Inc designs, produces, and supports communications and aviation systems worldwide. The company's Interior Systems segment offers commercial aircraft seats; galley structures, food and beverage preparation equipment, and water and waste systems; oxygen and passenger service equipment; cabin lighting systems; and business jet and general aviation interior products.
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