Caxton Associates LP decreased its position in shares of Motorola Solutions Inc (NYSE:MSI) by 37.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,300 shares of the communications equipment provider’s stock after selling 2,600 shares during the quarter. Caxton Associates LP’s holdings in Motorola Solutions were worth $365,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Grove Bank & Trust lifted its stake in shares of Motorola Solutions by 731.0% during the 3rd quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock valued at $102,000 after buying an additional 1,060 shares in the last quarter. Sun Life Financial INC lifted its stake in shares of Motorola Solutions by 14,800.0% during the 2nd quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock valued at $103,000 after buying an additional 1,184 shares in the last quarter. Acrospire Investment Management LLC lifted its stake in shares of Motorola Solutions by 33.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock valued at $104,000 after buying an additional 300 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Motorola Solutions during the 3rd quarter valued at $187,000. Finally, Williams Jones & Associates LLC purchased a new position in shares of Motorola Solutions during the 2nd quarter valued at $201,000. Institutional investors own 87.86% of the company’s stock.
In other news, EVP Eduardo F. Conrado sold 75,830 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $93.12, for a total value of $7,061,289.60. Following the sale, the executive vice president now directly owns 51,346 shares in the company, valued at approximately $4,781,339.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory Q. Brown sold 100,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $92.57, for a total transaction of $9,257,000.00. Following the completion of the sale, the chief executive officer now owns 99,015 shares in the company, valued at $9,165,818.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 359,286 shares of company stock worth $33,178,275. Insiders own 2.50% of the company’s stock.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.40 by $0.13. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.37 EPS. research analysts forecast that Motorola Solutions Inc will post 5.13 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be issued a $0.52 dividend. The ex-dividend date is Thursday, December 14th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.26%. Motorola Solutions’s payout ratio is 48.08%.
Several brokerages have commented on MSI. Jefferies Group boosted their price target on shares of Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Finally, Cleveland Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research note on Friday, October 6th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Motorola Solutions presently has a consensus rating of “Buy” and a consensus target price of $95.08.
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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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