PGGM Investments boosted its position in shares of Motorola Solutions Inc. (NYSE:MSI) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 151,207 shares of the company’s stock after buying an additional 94 shares during the period. PGGM Investments’ holdings in Motorola Solutions were worth $9,975,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Commonwealth Equity Services Inc boosted its stake in shares of Motorola Solutions by 7.9% in the first quarter. Commonwealth Equity Services Inc now owns 11,100 shares of the company’s stock worth $840,000 after buying an additional 817 shares during the period. Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Motorola Solutions during the first quarter worth approximately $262,000. Virginia Retirement System purchased a new stake in shares of Motorola Solutions during the first quarter worth approximately $2,966,000. IFP Advisors Inc boosted its stake in shares of Motorola Solutions by 18.5% in the first quarter. IFP Advisors Inc now owns 3,542 shares of the company’s stock worth $268,000 after buying an additional 552 shares during the period. Finally, Pacad Investment Ltd. purchased a new stake in shares of Motorola Solutions during the first quarter worth approximately $1,153,000. 85.38% of the stock is owned by hedge funds and other institutional investors.
Shares of Motorola Solutions Inc. (NYSE:MSI) traded down 1.20% during trading on Friday, hitting $76.28. The stock had a trading volume of 1,806,338 shares. The firm has a market capitalization of $12.72 billion, a P/E ratio of 26.91 and a beta of 0.45. The stock’s 50-day moving average price is $76.50 and its 200 day moving average price is $72.19. Motorola Solutions Inc. has a 1-year low of $59.13 and a 1-year high of $78.99.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.17. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. Motorola Solutions had a negative return on equity of 223.77% and a net margin of 9.04%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 EPS. On average, analysts anticipate that Motorola Solutions Inc. will post $4.60 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.64 annualized dividend and a dividend yield of 2.15%. Motorola Solutions’s payout ratio is currently 57.54%.
A number of equities research analysts have commented on MSI shares. Citigroup Inc. initiated coverage on Motorola Solutions in a research note on Monday, June 20th. They issued a “neutral” rating and a $73.00 price objective for the company. Goldman Sachs Group Inc. upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Thursday, June 30th. Deutsche Bank AG set a $68.00 target price on Motorola Solutions and gave the company a “hold” rating in a report on Friday, August 5th. Credit Suisse Group AG restated a “buy” rating and issued a $80.00 target price on shares of Motorola Solutions in a report on Friday, August 5th. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $72.00 target price on shares of Motorola Solutions in a report on Friday, August 5th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $73.13.
In related news, EVP Bruce W. Brda sold 10,416 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $77.99, for a total value of $812,343.84. Following the sale, the executive vice president now owns 25,703 shares in the company, valued at approximately $2,004,576.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark S. Hacker sold 4,620 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $76.94, for a total value of $355,462.80. Following the completion of the sale, the executive vice president now owns 15,741 shares in the company, valued at approximately $1,211,112.54. The disclosure for this sale can be found here. 2.55% of the stock is owned by corporate insiders.
Motorola Solutions Company Profile
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.
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