Martingale Asset Management L P boosted its position in Motorola Solutions, Inc. (NYSE:MSI) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 427,492 shares of the communications equipment provider’s stock after purchasing an additional 4,808 shares during the period. Martingale Asset Management L P owned 0.26% of Motorola Solutions worth $37,081,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of MSI. Cleararc Capital Inc. increased its stake in shares of Motorola Solutions by 0.5% in the first quarter. Cleararc Capital Inc. now owns 4,046 shares of the communications equipment provider’s stock valued at $349,000 after buying an additional 22 shares during the period. Janney Montgomery Scott LLC grew its stake in Motorola Solutions by 0.3% during the second quarter. Janney Montgomery Scott LLC now owns 10,408 shares of the communications equipment provider’s stock worth $903,000 after purchasing an additional 34 shares during the period. Signaturefd LLC grew its stake in Motorola Solutions by 1.3% during the first quarter. Signaturefd LLC now owns 3,317 shares of the communications equipment provider’s stock worth $286,000 after purchasing an additional 42 shares during the period. Pitcairn Co. grew its stake in Motorola Solutions by 0.5% during the second quarter. Pitcairn Co. now owns 8,990 shares of the communications equipment provider’s stock worth $779,000 after purchasing an additional 42 shares during the period. Finally, Capital Investment Advisors LLC grew its stake in Motorola Solutions by 1.5% during the second quarter. Capital Investment Advisors LLC now owns 3,091 shares of the communications equipment provider’s stock worth $268,000 after purchasing an additional 46 shares during the period. 87.70% of the stock is owned by institutional investors and hedge funds.
Shares of Motorola Solutions, Inc. (NYSE MSI) traded up 1.06% during midday trading on Friday, reaching $85.48. The company’s stock had a trading volume of 1,799,130 shares. The company has a market cap of $13.90 billion, a PE ratio of 22.54 and a beta of 0.33. The company’s 50-day moving average price is $87.73 and its 200-day moving average price is $85.72. Motorola Solutions, Inc. has a 12 month low of $71.24 and a 12 month high of $93.75.
Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.07. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 earnings per share. On average, equities analysts anticipate that Motorola Solutions, Inc. will post $5.29 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be given a $0.47 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.20%. Motorola Solutions’s dividend payout ratio (DPR) is currently 49.60%.
In related news, EVP Eduardo F. Conrado sold 6,998 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the sale, the executive vice president now owns 22,858 shares of the company’s stock, valued at approximately $2,037,333.54. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the sale, the executive vice president now directly owns 23,829 shares of the company’s stock, valued at approximately $2,123,402.19. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
Several equities research analysts recently commented on the company. Credit Suisse Group set a $95.00 target price on Motorola Solutions and gave the stock a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a report on Thursday, July 27th. BMO Capital Markets increased their price target on Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Deutsche Bank AG raised their target price on Motorola Solutions from $73.00 to $78.00 and gave the company a “hold” rating in a report on Monday, August 7th. Finally, Cowen and Company restated a “market perform” rating and issued a $83.00 target price (up previously from $75.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $94.08.
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About Motorola Solutions
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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