Motorola Solutions, Inc. (MSI) Position Raised by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 47.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,000 shares of the communications equipment provider’s stock after purchasing an additional 11,600 shares during the period. Icon Advisers Inc. Co.’s holdings in Motorola Solutions were worth $3,123,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSI. Lazard Asset Management LLC grew its stake in Motorola Solutions by 54.6% during the first quarter. Lazard Asset Management LLC now owns 8,988,989 shares of the communications equipment provider’s stock worth $775,030,000 after purchasing an additional 3,174,388 shares during the period. Renaissance Technologies LLC grew its stake in Motorola Solutions by 51.5% during the first quarter. Renaissance Technologies LLC now owns 1,797,415 shares of the communications equipment provider’s stock worth $154,973,000 after purchasing an additional 610,650 shares during the period. Vanguard Group Inc. grew its stake in Motorola Solutions by 2.8% during the first quarter. Vanguard Group Inc. now owns 16,036,418 shares of the communications equipment provider’s stock worth $1,382,661,000 after purchasing an additional 444,109 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Motorola Solutions by 209.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 591,919 shares of the communications equipment provider’s stock worth $51,036,000 after purchasing an additional 400,519 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Motorola Solutions by 111.3% during the second quarter. JPMorgan Chase & Co. now owns 686,510 shares of the communications equipment provider’s stock worth $59,548,000 after purchasing an additional 361,621 shares during the period. 87.70% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Eduardo F. Conrado sold 6,998 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total value of $623,731.74. Following the sale, the executive vice president now owns 22,858 shares in the company, valued at approximately $2,037,333.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.11, for a total value of $2,254,393.89. Following the completion of the sale, the executive vice president now owns 23,829 shares in the company, valued at approximately $2,123,402.19. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

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Shares of Motorola Solutions, Inc. (NYSE:MSI) opened at 84.70 on Friday. The firm has a market cap of $13.78 billion, a PE ratio of 22.34 and a beta of 0.33. The firm has a 50-day moving average price of $87.92 and a 200-day moving average price of $85.68. Motorola Solutions, Inc. has a 52 week low of $71.24 and a 52 week high of $93.75.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.07. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that Motorola Solutions, Inc. will post $5.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, September 14th. Motorola Solutions’s dividend payout ratio is currently 49.60%.

MSI has been the subject of several recent analyst reports. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Tuesday, May 30th. 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 raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Thursday, July 27th. BidaskClub raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Motorola Solutions in a research note on Friday, June 23rd. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Motorola Solutions has a consensus rating of “Buy” and a consensus target price of $94.08.

Motorola Solutions Profile

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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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)




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