Trade Report: Today, Public Employees Retirement Association of Colorado cuts position of Rockwell Collins Inc. (COL)

Today, Public Employees Retirement Association of Colorado cuts position of Rockwell Collins Inc. (COL)

Public Employees Retirement Association of Colorado cut its stake in shares of Rockwell Collins Inc. (NYSE:COL) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,784 shares of the company’s stock after selling 521 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Rockwell Collins were worth $2,175,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of COL. Van ECK Associates Corp raised its position in shares of Rockwell Collins by 31.8% in the second quarter. Van ECK Associates Corp now owns 1,340 shares of the company’s stock valued at $114,000 after buying an additional 323 shares during the last quarter. Cantab Capital Partners LLP raised its position in shares of Rockwell Collins by 1,109.2% in the second quarter. Cantab Capital Partners LLP now owns 1,451 shares of the company’s stock valued at $124,000 after buying an additional 1,331 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in shares of Rockwell Collins by 64.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,595 shares of the company’s stock valued at $136,000 after buying an additional 623 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in shares of Rockwell Collins during the second quarter valued at about $193,000. Finally, Pacer Advisors Inc. raised its position in shares of Rockwell Collins by 12.2% in the second quarter. Pacer Advisors Inc. now owns 2,406 shares of the company’s stock valued at $205,000 after buying an additional 261 shares during the last quarter. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Collins Inc. (NYSE:COL) traded up 2.27% during midday trading on Friday, hitting $92.96. 1,047,037 shares of the stock were exchanged. Rockwell Collins Inc. has a 52 week low of $76.03 and a 52 week high of $94.98. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 16.88 and a beta of 0.77. The firm’s 50-day moving average is $84.65 and its 200 day moving average is $85.29.

Rockwell Collins (NYSE:COL) last issued its earnings results on Monday, October 31st. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.38. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.22 billion. Rockwell Collins had a net margin of 13.84% and a return on equity of 37.31%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.38 EPS. Equities research analysts expect that Rockwell Collins Inc. will post $5.44 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 5th. Stockholders of record on Monday, November 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.42%. Rockwell Collins’s dividend payout ratio (DPR) is presently 23.91%.

Several brokerages have issued reports on COL. Buckingham Research reaffirmed a “buy” rating and set a $97.00 price objective (down previously from $101.00) on shares of Rockwell Collins in a report on Wednesday, October 5th. Zacks Investment Research lowered Rockwell Collins from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Argus lowered Rockwell Collins from a “buy” rating to a “hold” rating in a report on Friday, August 26th. Robert W. Baird initiated coverage on Rockwell Collins in a report on Wednesday, October 5th. They set a “neutral” rating and a $90.00 price target on the stock. Finally, Jefferies Group reissued a “hold” rating and set a $92.00 price target on shares of Rockwell Collins in a report on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Rockwell Collins presently has an average rating of “Hold” and a consensus target price of $90.92.

About Rockwell Collins

Rockwell Collins, Inc is engaged in design, production and support of communications and aviation electronics for commercial and military customers around the world. The Company’s products and systems are focused on aviation applications. It operates in two segments: Government Systems and Commercial Systems.

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