Renaissance Investment Group buys $3.5 Million stake in Rockwell Collins (COL)

Rockwell Collins (COL) : Renaissance Investment Group scooped up 3,635 additional shares in Rockwell Collins during the most recent quarter end , according to a recent disclosure to the SEC on Apr 1, 2016. The investment management firm now holds a total of 37,895 shares of Rockwell Collins which is valued at $3.5 Million.Rockwell Collins makes up approximately 1.76% of Renaissance Investment Group’s portfolio.

Other Hedge Funds, Including , Cacti Asset Management reduced its stake in COL by selling 2,885 shares or 0.79% in the most recent quarter. The Hedge Fund company now holds 360,778 shares of COL which is valued at $33.5 Million. Rockwell Collins makes up approx 3.60% of Cacti Asset Management’s portfolio.

On the company’s financial health, Rockwell Collins reported $1.00 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Jan 22, 2016. Analyst had a consensus of $1.12. The company had revenue of $1169.00 million for the quarter, compared to analysts expectations of $1216.18 million. The company’s revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.10 EPS.

Many Wall Street Analysts have commented on Rockwell Collins. Shares were Reiterated by RBC Capital Mkts on Jan 25, 2016 to “Outperform” and Lowered the Price Target to $ 99 from a previous price target of $105 .Shares were Reiterated by Barclays on Jan 25, 2016 to “Overweight” and Lowered the Price Target to $ 98 from a previous price target of $101 .

Rockwell Collins closed down -0.31 points or -0.34% at $91.2 with 5,39,418 shares getting traded on Monday. Post opening the session at $91.65, the shares hit an intraday low of $90.71 and an intraday high of $92.3 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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