D.A. Davidson & CO. lowered its holdings in shares of Rockwell Collins, Inc. (NYSE:COL) by 14.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,303 shares of the aerospace company’s stock after selling 1,196 shares during the quarter. D.A. Davidson & CO.’s holdings in Rockwell Collins were worth $1,026,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in COL. BlackRock Inc. lifted its position in Rockwell Collins by 9.5% during the second quarter. BlackRock Inc. now owns 13,207,554 shares of the aerospace company’s stock valued at $1,778,795,000 after purchasing an additional 1,147,095 shares during the last quarter. Natixis lifted its position in Rockwell Collins by 419.9% during the second quarter. Natixis now owns 1,178,779 shares of the aerospace company’s stock valued at $158,758,000 after purchasing an additional 952,064 shares during the last quarter. Gardner Lewis Asset Management L P bought a new position in Rockwell Collins during the second quarter valued at $66,958,000. United Services Automobile Association lifted its position in Rockwell Collins by 564.9% during the second quarter. United Services Automobile Association now owns 429,521 shares of the aerospace company’s stock valued at $9,510,000 after purchasing an additional 364,918 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in Rockwell Collins by 55.3% during the third quarter. Canada Pension Plan Investment Board now owns 911,581 shares of the aerospace company’s stock valued at $128,050,000 after purchasing an additional 324,571 shares during the last quarter. Institutional investors and hedge funds own 68.70% of the company’s stock.
Several equities analysts have commented on the stock. Seaport Global Securities reiterated a “neutral” rating on shares of Rockwell Collins in a research report on Monday, September 17th. Zacks Investment Research raised shares of Rockwell Collins from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $141.25.
Shares of COL opened at $141.04 on Monday. Rockwell Collins, Inc. has a twelve month low of $125.04 and a twelve month high of $142.98. The firm has a market capitalization of $23.18 billion, a PE ratio of 22.93, a PEG ratio of 1.73 and a beta of 0.74. The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 0.93.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Thursday, November 15th. Rockwell Collins’s dividend payout ratio is currently 21.46%.
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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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