Global Retirement Partners LLC Raises Holdings in Motorola Solutions Inc (MSI)

Global Retirement Partners LLC grew its position in Motorola Solutions Inc (NYSE:MSI) by 78.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 637 shares of the communications equipment provider’s stock after purchasing an additional 280 shares during the quarter. Global Retirement Partners LLC’s holdings in Motorola Solutions were worth $89,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. We Are One Seven LLC lifted its stake in shares of Motorola Solutions by 2.3% during the 4th quarter. We Are One Seven LLC now owns 4,304 shares of the communications equipment provider’s stock worth $495,000 after purchasing an additional 97 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Motorola Solutions by 36.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 365 shares of the communications equipment provider’s stock worth $42,000 after purchasing an additional 98 shares during the last quarter. Utah Retirement Systems lifted its stake in shares of Motorola Solutions by 0.3% during the 4th quarter. Utah Retirement Systems now owns 30,269 shares of the communications equipment provider’s stock worth $3,482,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Motorola Solutions by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 8,700 shares of the communications equipment provider’s stock worth $1,222,000 after purchasing an additional 100 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of Motorola Solutions by 9.0% during the 1st quarter. Flagship Harbor Advisors LLC now owns 1,274 shares of the communications equipment provider’s stock worth $178,000 after purchasing an additional 105 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Motorola Solutions stock opened at $146.95 on Friday. Motorola Solutions Inc has a one year low of $105.89 and a one year high of $148.98. The stock has a market capitalization of $24.22 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 2.59 and a beta of 0.59.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.20. Motorola Solutions had a negative return on equity of 91.61% and a net margin of 13.29%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the business posted $1.10 earnings per share. The firm’s revenue was up 12.9% compared to the same quarter last year. As a group, equities research analysts predict that Motorola Solutions Inc will post 7.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Thursday, June 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 33.38%.

In other Motorola Solutions news, EVP Mark S. Hacker sold 54,712 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $140.75, for a total value of $7,700,714.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Gregory Q. Brown sold 21,600 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $146.93, for a total value of $3,173,688.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 174,692 shares of company stock valued at $24,652,559. 2.99% of the stock is currently owned by company insiders.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Friday, May 10th. Raymond James set a $160.00 price objective on Motorola Solutions and gave the stock a “buy” rating in a research note on Friday, May 3rd. TheStreet upgraded Motorola Solutions from a “c+” rating to a “b-” rating in a research note on Tuesday, February 26th. MKM Partners upped their price objective on Motorola Solutions to $143.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th. Finally, BTIG Research upped their price objective on Motorola Solutions from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $139.39.

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Motorola Solutions Company 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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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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