Underhill Investment Management Lowers stake in Rockwell Collins (COL)

Rockwell Collins (COL) : Underhill Investment Management reduced its stake in Rockwell Collins by 2.64% during the most recent quarter end. The investment management company now holds a total of 138,425 shares of Rockwell Collins which is valued at $11,676,149 after selling 3,750 shares in Rockwell Collins , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Rockwell Collins makes up approximately 6.06% of Underhill Investment Management’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in COL by selling 507 shares or 18.95% in the most recent quarter. The Hedge Fund company now holds 2,168 shares of COL which is valued at $182,871. Rockwell Collins makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Sigma Planning Corp boosted its stake in COL in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 3,163 shares of Rockwell Collins which is valued at $269,456. Rockwell Collins makes up approx 0.03% of Sigma Planning Corp’s portfolio.Kanaly Trust Co reduced its stake in COL by selling 326 shares or 5.35% in the most recent quarter. The Hedge Fund company now holds 5,765 shares of COL which is valued at $491,120. Rockwell Collins makes up approx 0.10% of Kanaly Trust Co’s portfolio.Nordea Investment Management Ab boosted its stake in COL in the latest quarter, The investment management firm added 13,713 additional shares and now holds a total of 1,342,939 shares of Rockwell Collins which is valued at $116,701,399. Rockwell Collins makes up approx 0.33% of Nordea Investment Management Ab’s portfolio.

Rockwell Collins closed down -0.6 points or -0.70% at $84.62 with 8,85,796 shares getting traded on Friday. Post opening the session at $85.17, the shares hit an intraday low of $83.93 and an intraday high of $85.17 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Rockwell Collins reported $1.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $1.59. The company had revenue of $1330.00 million for the quarter, compared to analysts expectations of $1345.59 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS.

Many Wall Street Analysts have commented on Rockwell Collins. Shares were Downgraded by Canaccord Genuity on Jul 26, 2016 to ” Hold” and Lowered the Price Target to $ 94 from a previous price target of $100 .Rockwell Collins was Initiated by Morgan Stanley to “Equal-Weight” on Jun 23, 2016.

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. The Company’s Government Systems business provides a range of electronic products systems and services to customers. The Company’s Commercial Systems business supplies aviation electronics systems products and services to customers located throughout the world. Its integrated system solutions and products cater to a range of markets. It also provides a range of services and support including equipment repair and overhaul service parts and field service engineering. It enables wireless distribution of digital information aboard the aircraft. Its portfolio of cabin products and services allows airlines to stream video content to approximately 250 passengers simultaneously.

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