Vertex One Asset Management Inc. lifted its holdings in shares of Rockwell Collins, Inc. (NYSE:COL) by 17.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,800 shares of the aerospace company’s stock after acquiring an additional 10,000 shares during the quarter. Rockwell Collins makes up about 1.5% of Vertex One Asset Management Inc.’s portfolio, making the stock its 21st biggest holding. Vertex One Asset Management Inc.’s holdings in Rockwell Collins were worth $9,059,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of COL. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Rockwell Collins by 375.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 144,995 shares of the aerospace company’s stock worth $18,954,000 after acquiring an additional 114,499 shares during the period. Gamco Investors INC. ET AL boosted its stake in Rockwell Collins by 13.3% in the 3rd quarter. Gamco Investors INC. ET AL now owns 33,820 shares of the aerospace company’s stock valued at $4,421,000 after purchasing an additional 3,967 shares during the period. Gabelli Funds LLC boosted its stake in Rockwell Collins by 91.4% in the 3rd quarter. Gabelli Funds LLC now owns 58,852 shares of the aerospace company’s stock valued at $7,693,000 after purchasing an additional 28,100 shares during the period. Keybank National Association OH boosted its stake in Rockwell Collins by 15.5% in the 3rd quarter. Keybank National Association OH now owns 14,316 shares of the aerospace company’s stock valued at $1,871,000 after purchasing an additional 1,926 shares during the period. Finally, Swiss National Bank boosted its stake in Rockwell Collins by 2.5% in the 3rd quarter. Swiss National Bank now owns 607,860 shares of the aerospace company’s stock valued at $79,453,000 after purchasing an additional 14,700 shares during the period. Institutional investors own 67.70% of the company’s stock.
Rockwell Collins, Inc. (COL) traded down $0.18 during trading hours on Monday, hitting $137.64. The stock had a trading volume of 34,350 shares, compared to its average volume of 1,278,661. The company has a market cap of $22,594.61, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 1.81 and a beta of 0.70. The company has a current ratio of 1.56, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. Rockwell Collins, Inc. has a 1 year low of $95.62 and a 1 year high of $139.63.
The business also recently announced a quarterly dividend, which was paid on Monday, March 5th. Stockholders of record on Monday, February 12th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.96%. Rockwell Collins’s payout ratio is 24.58%.
In other news, VP Douglas E. Stenske sold 3,287 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $135.00, for a total transaction of $443,745.00. Following the completion of the sale, the vice president now directly owns 8,776 shares in the company, valued at approximately $1,184,760. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Patrick E. Allen sold 25,410 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $135.02, for a total value of $3,430,858.20. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
Several analysts recently issued reports on COL shares. Zacks Investment Research downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine upgraded Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Co downgraded Rockwell Collins from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 16th. Finally, Canaccord Genuity reduced their price target on Rockwell Collins from $140.00 to $137.00 and set a “hold” rating for the company in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Rockwell Collins presently has an average rating of “Hold” and a consensus target price of $133.95.
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Rockwell Collins 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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