Boothbay Fund Management LLC Invests $3.09 Million in Rockwell Collins, Inc. (COL) Stock

Boothbay Fund Management LLC bought a new position in shares of Rockwell Collins, Inc. (NYSE:COL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 23,662 shares of the aerospace company’s stock, valued at approximately $3,093,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Rockwell Collins by 27.0% during the second quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock valued at $1,683,340,000 after buying an additional 3,410,680 shares during the last quarter. BlackRock Inc. raised its position in shares of Rockwell Collins by 27.9% during the second quarter. BlackRock Inc. now owns 11,315,505 shares of the aerospace company’s stock valued at $1,189,034,000 after buying an additional 2,466,370 shares during the last quarter. Alpine Associates Management Inc. raised its position in shares of Rockwell Collins by 1,004.1% during the third quarter. Alpine Associates Management Inc. now owns 1,663,500 shares of the aerospace company’s stock valued at $217,436,000 after buying an additional 1,847,500 shares during the last quarter. Epoch Investment Partners Inc. raised its position in Rockwell Collins by 186.0% in the second quarter. Epoch Investment Partners Inc. now owns 2,028,189 shares of the aerospace company’s stock worth $213,122,000 after purchasing an additional 1,319,020 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Rockwell Collins by 76.0% in the second quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock worth $315,130,000 after purchasing an additional 1,295,052 shares in the last quarter. 72.80% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Rockwell Collins from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. ValuEngine lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. SunTrust Banks reissued a “hold” rating on shares of Rockwell Collins in a research report on Monday, October 2nd. Citigroup increased their price target on shares of Rockwell Collins from $93.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 15th. Finally, Vetr raised shares of Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 price target for the company in a research report on Monday, August 21st. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Rockwell Collins currently has a consensus rating of “Hold” and an average target price of $128.85.

In related news, CEO Robert Kelly Ortberg sold 395,110 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $135.35, for a total transaction of $53,478,138.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jeffrey D. Maclauchlan sold 7,634 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $133.24, for a total transaction of $1,017,154.16. Following the sale, the vice president now owns 9,179 shares in the company, valued at $1,223,009.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 543,115 shares of company stock worth $73,475,644. Insiders own 1.50% of the company’s stock.

Rockwell Collins, Inc. (COL) traded up $0.19 on Thursday, hitting $133.23. 694,700 shares of the stock traded hands, compared to its average volume of 1,776,826. Rockwell Collins, Inc. has a twelve month low of $88.80 and a twelve month high of $136.50. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.55 and a quick ratio of 0.75. The company has a market capitalization of $21,672.83, a PE ratio of 22.25, a P/E/G ratio of 1.59 and a beta of 0.72.

Rockwell Collins (NYSE:COL) last released its quarterly earnings results on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.80. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. Rockwell Collins’s revenue was up 51.8% compared to the same quarter last year. sell-side analysts anticipate that Rockwell Collins, Inc. will post 7.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 13th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.32 dividend on an annualized basis and a yield of 0.99%. Rockwell Collins’s payout ratio is presently 27.62%.

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About Rockwell Collins

Rockwell Collins, Inc designs, produces and supports communications and aviation systems for commercial and military customers. The Company provides information management services through voice and data communication networks and solutions across the world. The Company operates through three segments: Commercial Systems, Government Systems and Information Management Services.

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

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