Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in Motorola Solutions, Inc. (NYSE:MSI) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 32,621 shares of the communications equipment provider’s stock, valued at approximately $2,739,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sei Investments Co. increased its holdings in Motorola Solutions by 12.5% in the 3rd quarter. Sei Investments Co. now owns 170,206 shares of the communications equipment provider’s stock worth $14,446,000 after purchasing an additional 18,946 shares in the last quarter. FDx Advisors Inc. acquired a new position in Motorola Solutions in the 3rd quarter worth about $230,000. Global X MANAGEMENT CO LLC increased its holdings in Motorola Solutions by 10.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,209 shares of the communications equipment provider’s stock worth $782,000 after purchasing an additional 892 shares in the last quarter. Bessemer Group Inc. increased its holdings in Motorola Solutions by 60.6% in the 3rd quarter. Bessemer Group Inc. now owns 484,444 shares of the communications equipment provider’s stock worth $41,114,000 after purchasing an additional 182,730 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Motorola Solutions by 0.3% in the 3rd quarter. Swiss National Bank now owns 809,178 shares of the communications equipment provider’s stock worth $68,675,000 after purchasing an additional 2,600 shares in the last quarter. 88.04% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on MSI shares. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Tuesday, August 29th. Jefferies Group LLC upped their target price on Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Cleveland Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. BMO Capital Markets upped their price target on Motorola Solutions from $95.00 to $102.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, ValuEngine lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $95.08.
In related news, EVP Bruce W. Brda sold 5,916 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $92.41, for a total transaction of $546,697.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.50% of the stock is owned by corporate insiders.
Shares of Motorola Solutions, Inc. (MSI) opened at $91.37 on Tuesday. Motorola Solutions, Inc. has a 52-week low of $76.92 and a 52-week high of $94.94. The company has a debt-to-equity ratio of -5.41, a quick ratio of 1.16 and a current ratio of 1.30. The company has a market capitalization of $14,753.32, a PE ratio of 17.72, a P/E/G ratio of 4.06 and a beta of 0.33.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.40 by $0.13. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the company earned $1.37 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. research analysts forecast that Motorola Solutions, Inc. will post 5.14 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be given a dividend of $0.52 per share. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, December 14th. This represents a $2.08 annualized dividend and a dividend yield of 2.28%. Motorola Solutions’s dividend payout ratio is presently 48.08%.
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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