Van Cleef Asset Managementinc buys $4,072,443 stake in Rockwell Collins (COL)

Rockwell Collins (COL) : Van Cleef Asset Managementinc scooped up 892 additional shares in Rockwell Collins during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 48,206 shares of Rockwell Collins which is valued at $4,072,443.Rockwell Collins makes up approximately 1.35% of Van Cleef Asset Managementinc’s portfolio.

Other Hedge Funds, Including , Parallax Volatility Advisers boosted its stake in COL in the latest quarter, The investment management firm added 1,627 additional shares and now holds a total of 1,831 shares of Rockwell Collins which is valued at $154,683. Rockwell Collins makes up approx 0.01% of Parallax Volatility Advisers’s portfolio.Azimuth Capital Management reduced its stake in COL by selling 100 shares or 1.2% in the most recent quarter. The Hedge Fund company now holds 8,253 shares of COL which is valued at $697,213. Rockwell Collins makes up approx 0.06% of Azimuth Capital Management’s portfolio.State Of Wisconsin Investment Board boosted its stake in COL in the latest quarter, The investment management firm added 33,560 additional shares and now holds a total of 127,644 shares of Rockwell Collins which is valued at $10,783,365. Rockwell Collins makes up approx 0.04% of State Of Wisconsin Investment Board’s portfolio.Rothschild Asset Management Inc boosted its stake in COL in the latest quarter, The investment management firm added 958 additional shares and now holds a total of 4,307 shares of Rockwell Collins which is valued at $366,827. Rockwell Collins makes up approx 0.01% of Rothschild Asset Management Inc’s portfolio.Hutchinson Capital Managementca reduced its stake in COL by selling 200 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 20,319 shares of COL which is valued at $1,730,569. Rockwell Collins makes up approx 0.51% of Hutchinson Capital Managementca’s portfolio.

Rockwell Collins opened for trading at $83.73 and hit $84.15 on the upside on Thursday, eventually ending the session at $84.13, with a gain of 0.53% or 0.44 points. The heightened volatility saw the trading volume jump to 4,03,089 shares. Company has a market cap of $10,931 M.

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. Rockwell Collins was Downgraded by Argus to ” Hold” on Aug 26, 2016. 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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