Copeland Capital Management LLC reduced its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 8.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 159,804 shares of the communications equipment provider’s stock after selling 15,195 shares during the period. Motorola Solutions makes up about 1.3% of Copeland Capital Management LLC’s holdings, making the stock its 14th largest position. Copeland Capital Management LLC owned about 0.10% of Motorola Solutions worth $20,797,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Motorola Solutions by 7.3% during the 2nd quarter. Bank of America Corp DE now owns 753,500 shares of the communications equipment provider’s stock worth $87,684,000 after purchasing an additional 50,949 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Motorola Solutions by 415.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,886 shares of the communications equipment provider’s stock worth $568,000 after purchasing an additional 3,938 shares in the last quarter. Fort L.P. purchased a new stake in shares of Motorola Solutions during the 2nd quarter worth $123,000. Citizens Financial Group Inc RI boosted its position in shares of Motorola Solutions by 2,298.6% during the 2nd quarter. Citizens Financial Group Inc RI now owns 55,983 shares of the communications equipment provider’s stock worth $6,515,000 after purchasing an additional 53,649 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Motorola Solutions by 13.1% during the 2nd quarter. BlackRock Inc. now owns 17,760,318 shares of the communications equipment provider’s stock worth $2,066,771,000 after purchasing an additional 2,060,565 shares in the last quarter. Institutional investors own 86.46% of the company’s stock.
In related news, EVP John P. Molloy sold 152,871 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $125.92, for a total value of $19,249,516.32. Following the completion of the transaction, the executive vice president now owns 23,127 shares of the company’s stock, valued at approximately $2,912,151.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Q. Brown sold 99,953 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $126.65, for a total transaction of $12,659,047.45. The disclosure for this sale can be found here. Insiders sold a total of 649,479 shares of company stock valued at $82,082,428 in the last three months. 2.20% of the stock is currently owned by corporate insiders.
Several research analysts have recently issued reports on the company. Citigroup lifted their price target on Motorola Solutions from $130.00 to $146.00 and gave the stock a “buy” rating in a research note on Tuesday, September 25th. BMO Capital Markets lifted their price target on Motorola Solutions from $134.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. cut their price target on Motorola Solutions from $130.00 to $126.00 and set a “sell” rating for the company in a research note on Friday. Credit Suisse Group set a $137.00 price target on Motorola Solutions and gave the stock a “hold” rating in a research note on Friday, September 21st. Finally, Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research note on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $133.38.
NYSE:MSI opened at $128.84 on Friday. The firm has a market cap of $20.91 billion, a PE ratio of 20.52, a PEG ratio of 2.04 and a beta of 0.46. Motorola Solutions Inc has a 52-week low of $89.18 and a 52-week high of $131.48.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, November 1st. The communications equipment provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.22. Motorola Solutions had a negative return on equity of 66.81% and a negative net margin of 0.44%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company posted $1.53 EPS. The business’s revenue was up 13.2% on a year-over-year basis. Research analysts forecast that Motorola Solutions Inc will post 6.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 14th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.61%. The ex-dividend date was Thursday, September 13th. Motorola Solutions’s payout ratio is 40.00%.
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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