Brinker Capital Inc. trimmed its position in Motorola Solutions Inc (NYSE:MSI) by 9.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 14,318 shares of the communications equipment provider’s stock after selling 1,539 shares during the period. Brinker Capital Inc.’s holdings in Motorola Solutions were worth $1,650,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Advisor Partners LLC lifted its stake in shares of Motorola Solutions by 3.1% in the 4th quarter. Advisor Partners LLC now owns 5,436 shares of the communications equipment provider’s stock valued at $625,000 after purchasing an additional 166 shares during the period. Norinchukin Bank The lifted its stake in shares of Motorola Solutions by 42.0% in the 4th quarter. Norinchukin Bank The now owns 30,726 shares of the communications equipment provider’s stock valued at $3,535,000 after purchasing an additional 9,086 shares during the period. Palo Capital Inc. acquired a new position in shares of Motorola Solutions in the 3rd quarter valued at $244,000. Manning & Napier Group LLC lifted its stake in shares of Motorola Solutions by 11.8% in the 4th quarter. Manning & Napier Group LLC now owns 49,430 shares of the communications equipment provider’s stock valued at $5,686,000 after purchasing an additional 5,215 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in shares of Motorola Solutions in the 4th quarter valued at $608,000. Hedge funds and other institutional investors own 85.98% of the company’s stock.
A number of research firms have recently weighed in on MSI. TheStreet raised Motorola Solutions from a “c+” rating to a “b-” rating in a research note on Tuesday, February 26th. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Wednesday, February 13th. Credit Suisse Group increased their price target on Motorola Solutions from $134.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, February 11th. ValuEngine raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Finally, Deutsche Bank raised their price objective on Motorola Solutions to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $131.04.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, February 7th. The communications equipment provider reported $2.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.41 by $0.22. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Motorola Solutions had a negative return on equity of 82.33% and a net margin of 13.17%. The company’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 EPS. Analysts expect that Motorola Solutions Inc will post 7.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Thursday, March 14th. Motorola Solutions’s dividend payout ratio (DPR) is presently 33.38%.
In other Motorola Solutions news, EVP Kelly S. Mark sold 13,600 shares of the stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $142.71, for a total transaction of $1,940,856.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John P. Molloy sold 79,995 shares of the stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $139.42, for a total value of $11,152,902.90. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
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Motorola Solutions Profile
Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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