Franklin Resources Inc. decreased its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 39.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 998,849 shares of the aerospace company’s stock after selling 651,252 shares during the quarter. Franklin Resources Inc. owned about 0.61% of Rockwell Collins worth $135,467,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Amalgamated Bank boosted its position in shares of Rockwell Collins by 2.1% during the third quarter. Amalgamated Bank now owns 19,558 shares of the aerospace company’s stock worth $2,556,000 after acquiring an additional 406 shares during the last quarter. Sigma Planning Corp boosted its position in shares of Rockwell Collins by 18.4% during the third quarter. Sigma Planning Corp now owns 3,699 shares of the aerospace company’s stock worth $484,000 after acquiring an additional 576 shares during the last quarter. Dai Ichi Life Insurance Company Ltd boosted its position in shares of Rockwell Collins by 4.6% during the third quarter. Dai Ichi Life Insurance Company Ltd now owns 13,053 shares of the aerospace company’s stock worth $1,706,000 after acquiring an additional 576 shares during the last quarter. Trust Co boosted its position in shares of Rockwell Collins by 27.9% during the third quarter. Trust Co now owns 2,754 shares of the aerospace company’s stock worth $360,000 after acquiring an additional 600 shares during the last quarter. Finally, ETRADE Capital Management LLC boosted its position in shares of Rockwell Collins by 3.4% during the fourth quarter. ETRADE Capital Management LLC now owns 20,852 shares of the aerospace company’s stock worth $2,828,000 after acquiring an additional 683 shares during the last quarter. Hedge funds and other institutional investors own 67.70% of the company’s stock.
Several research firms have commented on COL. Zacks Investment Research lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Cowen reiterated a “hold” rating and set a $135.00 price objective on shares of Rockwell Collins in a research report on Friday, January 26th. Royal Bank of Canada set a $151.00 price objective on shares of Rockwell Collins and gave the company a “hold” rating in a research report on Wednesday, January 24th. Canaccord Genuity lowered their price objective on shares of Rockwell Collins from $140.00 to $137.00 and set a “hold” rating for the company in a research report on Tuesday, January 30th. Finally, Wells Fargo & Co lowered shares of Rockwell Collins from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $133.95.
Shares of Rockwell Collins, Inc. (NYSE COL) opened at $136.04 on Wednesday. Rockwell Collins, Inc. has a 12 month low of $95.62 and a 12 month high of $139.63. The firm has a market cap of $22,366.73, a price-to-earnings ratio of 25.33, a PEG ratio of 1.79 and a beta of 0.70. The company has a quick ratio of 0.73, a current ratio of 1.56 and a debt-to-equity ratio of 1.02.
Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, January 26th. The aerospace company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.06. Rockwell Collins had a net margin of 10.99% and a return on equity of 19.58%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. The business’s revenue for the quarter was up 68.6% on a year-over-year basis. sell-side analysts expect that Rockwell Collins, Inc. will post 7.2 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 5th. Stockholders of record on Monday, February 12th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, February 9th. Rockwell Collins’s dividend payout ratio is currently 24.58%.
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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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