Standard Life Aberdeen plc boosted its holdings in Rockwell Collins, Inc. (NYSE:COL) by 18.5% during the second quarter, Holdings Channel reports. The fund owned 48,281 shares of the aerospace company’s stock after buying an additional 7,549 shares during the quarter. Standard Life Aberdeen plc’s holdings in Rockwell Collins were worth $6,503,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Gradient Investments LLC bought a new position in Rockwell Collins in the 2nd quarter worth about $105,000. Integrated Investment Consultants LLC bought a new position in shares of Rockwell Collins during the 2nd quarter valued at about $108,000. Motco increased its position in shares of Rockwell Collins by 79.5% during the 1st quarter. Motco now owns 980 shares of the aerospace company’s stock valued at $132,000 after purchasing an additional 434 shares during the last quarter. North Star Investment Management Corp. bought a new position in shares of Rockwell Collins during the 2nd quarter valued at about $135,000. Finally, Parallel Advisors LLC increased its position in shares of Rockwell Collins by 58.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,101 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 404 shares during the last quarter. Institutional investors and hedge funds own 67.52% of the company’s stock.
Shares of Rockwell Collins stock opened at $136.05 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.84 and a current ratio of 1.65. The stock has a market cap of $22.35 billion, a PE ratio of 22.12, a PEG ratio of 1.79 and a beta of 0.63. Rockwell Collins, Inc. has a 12 month low of $129.70 and a 12 month high of $139.63.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings results on Friday, July 27th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.16). Rockwell Collins had a return on equity of 17.75% and a net margin of 11.70%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the previous year, the business earned $1.64 earnings per share. Rockwell Collins’s revenue was up 5.4% compared to the same quarter last year. research analysts forecast that Rockwell Collins, Inc. will post 7.15 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Investors 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 yield of 0.97%. Rockwell Collins’s payout ratio is 21.46%.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Rockwell Collins from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. Cowen reiterated a “hold” rating and set a $135.00 price objective on shares of Rockwell Collins in a research report on Friday, July 27th. Finally, ValuEngine lowered Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Sixteen analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $137.90.
Rockwell Collins Company 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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