Motorola Solutions, Inc. (MSI) Shares Bought by Eaton Vance Management

Eaton Vance Management raised its stake in Motorola Solutions, Inc. (NYSE:MSI) by 853.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,862 shares of the communications equipment provider’s stock after buying an additional 34,787 shares during the period. Eaton Vance Management’s holdings in Motorola Solutions were worth $3,371,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Cleararc Capital Inc. increased its holdings in shares of Motorola Solutions by 0.5% in the 1st quarter. Cleararc Capital Inc. now owns 4,046 shares of the communications equipment provider’s stock worth $349,000 after buying an additional 22 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Motorola Solutions by 0.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,408 shares of the communications equipment provider’s stock valued at $903,000 after purchasing an additional 34 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Motorola Solutions by 1.3% during the 1st quarter. Signaturefd LLC now owns 3,317 shares of the communications equipment provider’s stock valued at $286,000 after purchasing an additional 42 shares during the last quarter. Pitcairn Co. grew its holdings in shares of Motorola Solutions by 0.5% during the 2nd quarter. Pitcairn Co. now owns 8,990 shares of the communications equipment provider’s stock valued at $779,000 after purchasing an additional 42 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its holdings in shares of Motorola Solutions by 1.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 3,091 shares of the communications equipment provider’s stock valued at $268,000 after purchasing an additional 46 shares during the last quarter. 87.70% of the stock is currently owned by hedge funds and other institutional investors.

In other Motorola Solutions news, EVP Bruce W. Brda sold 25,299 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 23,829 shares in the company, valued at $2,123,402.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eduardo F. Conrado sold 6,998 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the transaction, the executive vice president now owns 22,858 shares in the company, valued at approximately $2,037,333.54. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Several equities analysts recently commented on the stock. UBS AG raised shares of Motorola Solutions from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. Cowen and Company reaffirmed a “market perform” rating and set a $83.00 target price (up previously from $75.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “buy” rating and set a $105.00 target price (up previously from $100.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Thursday. Finally, BMO Capital Markets increased their target price on shares of Motorola Solutions from $95.00 to $102.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $94.08.

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Shares of Motorola Solutions, Inc. (NYSE:MSI) opened at 85.48 on Friday. The firm’s 50-day moving average is $87.73 and its 200 day moving average is $85.72. The stock has a market cap of $13.90 billion, a PE ratio of 22.54 and a beta of 0.33. 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 quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts predict that Motorola Solutions, Inc. will post $5.29 EPS for the current 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 dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, September 14th. Motorola Solutions’s dividend payout ratio (DPR) is 49.60%.

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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