AMP Capital Investors Ltd cut its holdings in shares of Rockwell Collins, Inc. (NYSE:COL) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,279 shares of the aerospace company’s stock after selling 3,680 shares during the quarter. AMP Capital Investors Ltd’s holdings in Rockwell Collins were worth $6,755,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. TD Asset Management Inc. increased its stake in shares of Rockwell Collins by 0.8% in the second quarter. TD Asset Management Inc. now owns 49,794 shares of the aerospace company’s stock worth $6,706,000 after buying an additional 378 shares during the period. Wells Fargo & Company MN increased its stake in shares of Rockwell Collins by 61.8% in the second quarter. Wells Fargo & Company MN now owns 398,102 shares of the aerospace company’s stock worth $53,616,000 after buying an additional 151,983 shares during the period. Integrated Investment Consultants LLC purchased a new position in shares of Rockwell Collins in the second quarter worth $108,000. Victory Capital Management Inc. increased its stake in shares of Rockwell Collins by 12.0% in the second quarter. Victory Capital Management Inc. now owns 31,617 shares of the aerospace company’s stock worth $4,258,000 after buying an additional 3,386 shares during the period. Finally, Global Financial Private Capital LLC increased its stake in shares of Rockwell Collins by 34.2% in the second quarter. Global Financial Private Capital LLC now owns 9,142 shares of the aerospace company’s stock worth $1,231,000 after buying an additional 2,330 shares during the period. 68.70% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently commented on COL. Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Thursday, October 18th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Rockwell Collins in a research note on Monday, September 17th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $141.25.
Shares of NYSE COL opened at $141.04 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 0.93. Rockwell Collins, Inc. has a 52 week low of $125.04 and a 52 week high of $142.98. The firm has a market capitalization of $23.18 billion, a P/E ratio of 22.93, a PEG ratio of 1.73 and a beta of 0.74.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, November 15th. Rockwell Collins’s dividend payout ratio (DPR) is currently 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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