The Ameriprise Financial Inc. Raises Stake in Rockwell Collins Inc. (COL)

The Ameriprise Financial Inc. Raises Stake in Rockwell Collins Inc. (COL)

Ameriprise Financial Inc. boosted its position in Rockwell Collins Inc. (NYSE:COL) by 119.8% during the third quarter, Holdings Channel reports. The institutional investor owned 144,232 shares of the company’s stock after buying an additional 78,606 shares during the period. Ameriprise Financial Inc. owned approximately 0.11% of Rockwell Collins worth $12,165,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in Rockwell Collins by 0.4% in the second quarter. Signaturefd LLC now owns 3,071 shares of the company’s stock worth $261,000 after buying an additional 13 shares in the last quarter. Fic Capital Inc. increased its position in Rockwell Collins by 0.4% in the second quarter. Fic Capital Inc. now owns 6,899 shares of the company’s stock worth $587,000 after buying an additional 30 shares in the last quarter. Conning Inc. increased its position in Rockwell Collins by 0.7% in the third quarter. Conning Inc. now owns 4,068 shares of the company’s stock worth $343,000 after buying an additional 30 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its position in Rockwell Collins by 0.3% in the second quarter. Beese Fulmer Investment Management Inc. now owns 11,555 shares of the company’s stock worth $984,000 after buying an additional 31 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC increased its position in Rockwell Collins by 1.3% in the third quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,730 shares of the company’s stock worth $230,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 77.43% of the company’s stock.

Shares of Rockwell Collins Inc. (NYSE:COL) traded up 0.66% on Thursday, hitting $90.19. The company’s stock had a trading volume of 147,920 shares. Rockwell Collins Inc. has a 52 week low of $76.03 and a 52 week high of $96.55. The stock’s 50-day moving average price is $93.19 and its 200-day moving average price is $86.65. The firm has a market cap of $11.75 billion, a price-to-earnings ratio of 16.37 and a beta of 0.80.

Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Monday, October 31st. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.38. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Rockwell Collins had a return on equity of 37.31% and a net margin of 13.84%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.38 EPS. Equities analysts expect that Rockwell Collins Inc. will post $5.43 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the company. SunTrust Banks Inc. assumed coverage on Rockwell Collins in a report on Thursday. They issued a “hold” rating and a $101.00 price objective on the stock. Vertical Research began coverage on Rockwell Collins in a report on Friday, October 28th. They set a “hold” rating on the stock. Vertical Group began coverage on Rockwell Collins in a report on Friday, October 28th. They set a “hold” rating on the stock. Seaport Global Securities began coverage on Rockwell Collins in a report on Wednesday, December 21st. They set a “neutral” rating and a $100.00 price target on the stock. Finally, Royal Bank Of Canada began coverage on Rockwell Collins in a report on Thursday, January 12th. They set a “sector perform” rating and a $98.00 price target on the stock. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. Rockwell Collins has an average rating of “Hold” and a consensus target price of $92.93.

In related news, SVP Nan Mattai sold 19,400 shares of the business’s stock in a transaction that occurred on Thursday, January 5th. The stock was sold at an average price of $92.55, for a total transaction of $1,795,470.00. Following the transaction, the senior vice president now directly owns 14,139 shares of the company’s stock, valued at approximately $1,308,564.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

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.

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