BTG Pactual Global Asset Management Ltd boosted its holdings in Rockwell Collins, Inc. (NYSE:COL) by 59.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,273 shares of the aerospace company’s stock after purchasing an additional 23,273 shares during the period. Rockwell Collins makes up 2.4% of BTG Pactual Global Asset Management Ltd’s portfolio, making the stock its 14th largest position. BTG Pactual Global Asset Management Ltd’s holdings in Rockwell Collins were worth $8,387,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Raymond James & Associates raised its stake in shares of Rockwell Collins by 1.0% during the second quarter. Raymond James & Associates now owns 43,229 shares of the aerospace company’s stock valued at $5,822,000 after acquiring an additional 441 shares during the last quarter. K2 Principal Fund L.P. raised its stake in shares of Rockwell Collins by 78.1% during the second quarter. K2 Principal Fund L.P. now owns 135,953 shares of the aerospace company’s stock valued at $18,310,000 after acquiring an additional 59,614 shares during the last quarter. AMP Capital Investors Ltd raised its stake in shares of Rockwell Collins by 14.6% during the second quarter. AMP Capital Investors Ltd now owns 51,959 shares of the aerospace company’s stock valued at $6,997,000 after acquiring an additional 6,600 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new position in shares of Rockwell Collins during the second quarter valued at about $2,417,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Rockwell Collins by 111.1% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 77,539 shares of the aerospace company’s stock valued at $10,443,000 after acquiring an additional 40,800 shares during the last quarter. 67.48% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:COL opened at $136.96 on Thursday. The stock has a market cap of $22.35 billion, a PE ratio of 19.62, a PEG ratio of 1.79 and a beta of 0.63. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 0.93. Rockwell Collins, Inc. has a 12 month low of $129.70 and a 12 month high of $139.63.
Rockwell Collins (NYSE:COL) last announced 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 net margin of 11.70% and a return on equity of 17.75%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. Rockwell Collins’s quarterly revenue was up 5.4% compared to the same quarter last year. equities analysts anticipate that Rockwell Collins, Inc. will post 7.15 earnings per share 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. This represents a $1.32 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, August 17th. Rockwell Collins’s dividend payout ratio is currently 21.46%.
Several equities analysts have recently commented on COL shares. ValuEngine downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Zacks Investment Research downgraded shares of Rockwell Collins from a “hold” rating to a “sell” rating in a research note on Wednesday, May 16th. Finally, Cowen reaffirmed a “hold” rating and set a $135.00 price objective on shares of Rockwell Collins in a research note on Friday, July 27th. Thirteen analysts have rated the stock with a hold rating, Rockwell Collins has an average rating of “Hold” and a consensus target price of $137.38.
About Rockwell Collins
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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