Xact Kapitalforvaltning AB lessened its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 9.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,521 shares of the communications equipment provider’s stock after selling 1,630 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Motorola Solutions were worth $2,020,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of MSI. Allianz Asset Management GmbH lifted its position in shares of Motorola Solutions by 13.7% during the 1st quarter. Allianz Asset Management GmbH now owns 316,836 shares of the communications equipment provider’s stock worth $33,363,000 after buying an additional 38,208 shares during the period. Brown Advisory Inc. raised its position in Motorola Solutions by 112.5% in the 1st quarter. Brown Advisory Inc. now owns 5,186 shares of the communications equipment provider’s stock valued at $546,000 after purchasing an additional 2,745 shares during the last quarter. DnB Asset Management AS raised its position in Motorola Solutions by 1.7% in the 2nd quarter. DnB Asset Management AS now owns 76,381 shares of the communications equipment provider’s stock valued at $8,888,000 after purchasing an additional 1,300 shares during the last quarter. IFM Investors Pty Ltd raised its position in Motorola Solutions by 39.9% in the 2nd quarter. IFM Investors Pty Ltd now owns 7,682 shares of the communications equipment provider’s stock valued at $894,000 after purchasing an additional 2,189 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in Motorola Solutions by 278.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 130,588 shares of the communications equipment provider’s stock valued at $15,193,000 after purchasing an additional 96,070 shares during the last quarter. Institutional investors and hedge funds own 86.46% of the company’s stock.
Shares of Motorola Solutions stock opened at $123.78 on Friday. Motorola Solutions Inc has a 12 month low of $89.18 and a 12 month high of $131.48. The firm has a market cap of $19.35 billion, a P/E ratio of 23.80, a P/E/G ratio of 1.89 and a beta of 0.41.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 1st. The communications equipment provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.22. Motorola Solutions had a negative return on equity of 70.84% and a negative net margin of 0.97%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm earned $1.53 earnings per share. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. Analysts anticipate that Motorola Solutions Inc will post 6.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 14th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.68%. Motorola Solutions’s dividend payout ratio (DPR) is presently 40.00%.
In related news, Chairman Gregory Q. Brown sold 204,953 shares of Motorola Solutions stock in a transaction on Friday, September 14th. The stock was sold at an average price of $126.47, for a total transaction of $25,920,405.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gino A. Bonanotte sold 23,201 shares of Motorola Solutions stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $125.97, for a total value of $2,922,629.97. Following the sale, the chief financial officer now directly owns 41,019 shares of the company’s stock, valued at $5,167,163.43. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 649,479 shares of company stock valued at $82,082,428. 2.20% of the stock is owned by insiders.
Several brokerages have issued reports on MSI. Jefferies Financial Group lifted their price objective on Motorola Solutions from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Citigroup lifted their price objective on Motorola Solutions from $130.00 to $146.00 and gave the company a “buy” rating in a research report on Tuesday, September 25th. Credit Suisse Group set a $129.00 price objective on Motorola Solutions and gave the company a “buy” rating in a research report on Tuesday, July 17th. Finally, Cowen upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating and set a $138.00 price objective for the company in a research report on Wednesday, July 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $131.85.
Motorola Solutions Company Profile
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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