American International Group Inc. increased its holdings in Rockwell Collins, Inc. (NYSE:COL) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,231 shares of the aerospace company’s stock after acquiring an additional 3,335 shares during the quarter. American International Group Inc.’s holdings in Rockwell Collins were worth $8,039,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Rockwell Collins by 1.4% during the third quarter. BlackRock Inc. now owns 13,389,177 shares of the aerospace company’s stock valued at $1,880,780,000 after buying an additional 181,623 shares in the last quarter. Atlas Capital Advisors LLC acquired a new stake in Rockwell Collins during the third quarter valued at approximately $672,000. City Financial Investment Co Ltd raised its stake in Rockwell Collins by 12.9% during the third quarter. City Financial Investment Co Ltd now owns 104,885 shares of the aerospace company’s stock valued at $14,733,000 after buying an additional 12,016 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Rockwell Collins by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 1,152,942 shares of the aerospace company’s stock valued at $161,954,000 after buying an additional 13,721 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Rockwell Collins by 8.5% during the third quarter. Janus Henderson Group PLC now owns 794,866 shares of the aerospace company’s stock valued at $111,654,000 after buying an additional 62,135 shares in the last quarter. Institutional investors and hedge funds own 68.70% of the company’s stock.
Several equities analysts have recently commented on the company. Zacks Investment Research raised Rockwell Collins from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Thursday, October 18th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Rockwell Collins in a report on Monday, September 17th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $141.25.
NYSE:COL opened at $141.04 on Monday. The company has a market cap of $23.18 billion, a PE ratio of 22.93, a P/E/G ratio of 1.73 and a beta of 0.74. Rockwell Collins, Inc. has a 52 week low of $125.04 and a 52 week high of $142.98. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.65 and a quick ratio of 0.84.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, November 15th. Rockwell Collins’s dividend payout ratio (DPR) is presently 21.46%.
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Rockwell Collins Company Profile
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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