Cornerstone Capital Management Holdings LLC. lowered its stake in Motorola Solutions Inc (NYSE:MSI) by 2.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,924 shares of the communications equipment provider’s stock after selling 670 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Motorola Solutions were worth $2,369,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Motorola Solutions by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 16,290,817 shares of the communications equipment provider’s stock worth $1,413,066,000 after purchasing an additional 254,399 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Motorola Solutions by 6.7% during the 2nd quarter. Lazard Asset Management LLC now owns 9,589,218 shares of the communications equipment provider’s stock worth $831,768,000 after purchasing an additional 600,229 shares during the last quarter. State Street Corp lifted its position in shares of Motorola Solutions by 1.8% during the 2nd quarter. State Street Corp now owns 7,734,797 shares of the communications equipment provider’s stock worth $670,905,000 after purchasing an additional 135,926 shares during the last quarter. Parnassus Investments CA lifted its position in shares of Motorola Solutions by 0.7% during the 3rd quarter. Parnassus Investments CA now owns 5,649,582 shares of the communications equipment provider’s stock worth $479,480,000 after purchasing an additional 41,541 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its position in shares of Motorola Solutions by 2.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 5,458,346 shares of the communications equipment provider’s stock worth $473,457,000 after purchasing an additional 110,330 shares during the last quarter. 87.78% of the stock is owned by institutional investors.
In related news, EVP Bruce W. Brda sold 5,916 shares of the business’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 available through this link. Also, CEO Gregory Q. Brown sold 75,019 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $90.91, for a total value of $6,819,977.29. Following the transaction, the chief executive officer now owns 183,312 shares in the company, valued at $16,664,893.92. The disclosure for this sale can be found here. Insiders have sold 359,286 shares of company stock worth $33,178,275 over the last 90 days. Corporate insiders own 2.50% of the company’s stock.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (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 firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company posted $1.37 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. equities analysts anticipate that Motorola Solutions Inc will post 5.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.23%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, December 14th. Motorola Solutions’s payout ratio is currently 53.20%.
Several equities analysts recently weighed in on MSI shares. Jefferies Group reissued a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 31st. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Tuesday, August 29th. Finally, Cleveland Research raised Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $95.08.
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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. 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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