HPM Partners LLC Decreases Holdings in Rockwell Collins, Inc. (COL)

HPM Partners LLC lowered its stake in Rockwell Collins, Inc. (NYSE:COL) by 8.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,216 shares of the aerospace company’s stock after selling 893 shares during the quarter. HPM Partners LLC’s holdings in Rockwell Collins were worth $1,376,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of COL. Soros Fund Management LLC raised its stake in Rockwell Collins by 13.9% during the 2nd quarter. Soros Fund Management LLC now owns 634,080 shares of the aerospace company’s stock worth $85,398,000 after buying an additional 77,360 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in shares of Rockwell Collins by 39.7% in the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 255,300 shares of the aerospace company’s stock valued at $34,384,000 after acquiring an additional 72,500 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of Rockwell Collins in the 2nd quarter valued at about $3,236,000. Arrowgrass Capital Partners US LP grew its holdings in shares of Rockwell Collins by 53.0% in the 2nd quarter. Arrowgrass Capital Partners US LP now owns 371,940 shares of the aerospace company’s stock valued at $50,093,000 after acquiring an additional 128,869 shares in the last quarter. Finally, Point72 Hong Kong Ltd grew its holdings in shares of Rockwell Collins by 109.2% in the 2nd quarter. Point72 Hong Kong Ltd now owns 5,084 shares of the aerospace company’s stock valued at $685,000 after acquiring an additional 2,654 shares in the last quarter. 67.53% of the stock is currently owned by institutional investors.

Shares of COL stock opened at $138.65 on Tuesday. 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 company has a market cap of $23.09 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 1.86 and a beta of 0.65. Rockwell Collins, Inc. has a 12-month low of $130.01 and a 12-month high of $142.61.

Rockwell Collins (NYSE:COL) last issued its quarterly earnings data on Friday, July 27th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.89 by ($0.16). Rockwell Collins had a return on equity of 17.75% and a net margin of 11.70%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the business earned $1.64 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts anticipate that Rockwell Collins, Inc. will post 7.14 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 20th were given a $0.33 dividend. The ex-dividend date was Friday, August 17th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.95%. Rockwell Collins’s payout ratio is 21.46%.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Rockwell Collins from a “sell” rating to a “hold” rating in a report on Tuesday, July 3rd. ValuEngine cut Rockwell Collins from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Seaport Global Securities reiterated a “neutral” rating on shares of Rockwell Collins in a report on Monday, September 17th. Finally, Cowen reiterated a “hold” rating and set a $135.00 price target on shares of Rockwell Collins in a report on Friday, July 27th. Eight analysts have rated the stock with a hold rating, Rockwell Collins currently has an average rating of “Hold” and a consensus target price of $141.40.

About Rockwell Collins

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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