Clifford Swan Investment Counsel LLC Reduces Stake in Rockwell Collins (COL)

Clifford Swan Investment Counsel LLC cut its stake in Rockwell Collins (NYSE:COL) by 18.3% during the first quarter, Holdings Channel reports. The fund owned 3,344 shares of the aerospace company’s stock after selling 750 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Rockwell Collins were worth $451,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of COL. Farallon Capital Management LLC acquired a new position in shares of Rockwell Collins in the fourth quarter worth $342,853,000. BlackRock Inc. increased its stake in shares of Rockwell Collins by 4.6% in the fourth quarter. BlackRock Inc. now owns 11,987,278 shares of the aerospace company’s stock worth $1,625,714,000 after acquiring an additional 523,172 shares during the last quarter. Cowen Inc. increased its stake in shares of Rockwell Collins by 2,640.7% in the fourth quarter. Cowen Inc. now owns 507,035 shares of the aerospace company’s stock worth $68,764,000 after acquiring an additional 488,535 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Rockwell Collins in the fourth quarter worth $55,047,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of Rockwell Collins in the fourth quarter worth $54,248,000. 66.65% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Collins stock opened at $135.98 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.61. The firm has a market cap of $22.18 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.77 and a beta of 0.71. Rockwell Collins has a one year low of $135.16 and a one year high of $135.59.

Rockwell Collins (NYSE:COL) last posted its earnings results on Friday, April 27th. The aerospace company reported $1.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.06. Rockwell Collins had a net margin of 10.72% and a return on equity of 18.20%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the business posted $1.34 earnings per share. The business’s quarterly revenue was up 62.4% on a year-over-year basis. sell-side analysts predict that Rockwell Collins will post 7.21 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 4th. Shareholders of record on Tuesday, May 15th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Monday, May 14th. Rockwell Collins’s dividend payout ratio (DPR) is 21.46%.

A number of equities analysts have recently weighed in on the stock. ValuEngine raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Tuesday, February 27th. Cowen reaffirmed a “hold” rating and issued a $135.00 price target on shares of Rockwell Collins in a research note on Friday, January 26th. Canaccord Genuity dropped their price target on shares of Rockwell Collins from $140.00 to $137.00 and set a “hold” rating on the stock in a research note on Tuesday, January 30th. Finally, Royal Bank of Canada set a $151.00 price target on shares of Rockwell Collins and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Rockwell Collins has an average rating of “Hold” and an average target price of $134.13.

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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Institutional Ownership by Quarter for Rockwell Collins (NYSE:COL)

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