DnB Asset Management AS raised its position in shares of Rockwell Collins, Inc. (NYSE:COL) by 14.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,510 shares of the aerospace company’s stock after buying an additional 2,649 shares during the period. DnB Asset Management AS’s holdings in Rockwell Collins were worth $2,155,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in COL. Whittier Trust Co. boosted its position in Rockwell Collins by 30.1% in the first quarter. Whittier Trust Co. now owns 1,106 shares of the aerospace company’s stock worth $108,000 after buying an additional 256 shares in the last quarter. Global X Management Co. LLC boosted its position in Rockwell Collins by 31.1% in the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock worth $114,000 after buying an additional 278 shares in the last quarter. Harfst & Associates Inc. acquired a new position in Rockwell Collins during the first quarter worth about $114,000. CWM LLC boosted its position in Rockwell Collins by 71.5% in the first quarter. CWM LLC now owns 1,211 shares of the aerospace company’s stock worth $118,000 after buying an additional 505 shares in the last quarter. Finally, Assetmark Inc. boosted its position in Rockwell Collins by 5.7% in the first quarter. Assetmark Inc. now owns 1,334 shares of the aerospace company’s stock worth $130,000 after buying an additional 72 shares in the last quarter. 66.36% of the stock is owned by institutional investors and hedge funds.
Rockwell Collins, Inc. (NYSE COL) opened at 106.36 on Monday. The stock’s 50 day moving average price is $105.16 and its 200 day moving average price is $98.27. Rockwell Collins, Inc. has a 52-week low of $78.54 and a 52-week high of $109.30. The firm has a market capitalization of $17.27 billion, a price-to-earnings ratio of 19.09 and a beta of 0.79.
Rockwell Collins (NYSE:COL) last issued its earnings results on Friday, April 21st. The aerospace company reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.03. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Rockwell Collins had a return on equity of 34.40% and a net margin of 13.83%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.30 earnings per share. On average, equities analysts anticipate that Rockwell Collins, Inc. will post $6.04 earnings per share for the current fiscal year.
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A number of research analysts recently issued reports on the company. ValuEngine raised Rockwell Collins from a “hold” rating to a “buy” rating in a report on Thursday. Credit Suisse Group reaffirmed a “buy” rating and issued a $120.00 price target on shares of Rockwell Collins in a report on Friday, March 31st. Bank of America Corporation cut their price target on Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, June 9th. Zacks Investment Research raised Rockwell Collins from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Thursday, March 16th. Finally, Vertical Research boosted their price objective on Rockwell Collins from $100.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, April 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $110.24.
In other Rockwell Collins news, VP Jeffrey A. Standerski sold 6,300 shares of Rockwell Collins stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $108.44, for a total value of $683,172.00. Following the completion of the sale, the vice president now directly owns 10,519 shares in the company, valued at $1,140,680.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Bruce Michael King sold 2,550 shares of Rockwell Collins stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $104.00, for a total value of $265,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 27,000 shares of company stock valued at $2,200 and sold 15,100 shares valued at $1,604,622. Insiders own 1.50% of the company’s stock.
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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