Dynamic Technology Lab Private Ltd acquired a new position in shares of Motorola Solutions Inc (NYSE:MSI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,984 shares of the communications equipment provider’s stock, valued at approximately $932,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sun Life Financial INC lifted its position in Motorola Solutions by 14,800.0% in the 2nd quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock valued at $103,000 after acquiring an additional 1,184 shares in the last quarter. Acrospire Investment Management LLC lifted its position in 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 worth $104,000 after buying an additional 300 shares in the last quarter. Smithfield Trust Co. lifted its position in Motorola Solutions by 2.7% during the 2nd quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock worth $173,000 after buying an additional 53 shares in the last quarter. Williams Jones & Associates LLC bought a new stake in Motorola Solutions during the 2nd quarter worth about $201,000. Finally, IBM Retirement Fund lifted its position in Motorola Solutions by 34.0% during the 2nd quarter. IBM Retirement Fund now owns 2,458 shares of the communications equipment provider’s stock worth $213,000 after buying an additional 624 shares in the last quarter. 87.86% of the stock is owned by hedge funds and other institutional investors.
Shares of Motorola Solutions Inc (NYSE MSI) traded up $1.51 during trading hours on Thursday, reaching $92.80. 2,148,145 shares of the company traded hands, compared to its average volume of 1,071,886. The company has a debt-to-equity ratio of -5.41, a quick ratio of 1.16 and a current ratio of 1.30. Motorola Solutions Inc has a fifty-two week low of $76.92 and a fifty-two week high of $94.96. The company has a market cap of $14,686.90, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 4.04 and a beta of 0.35.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.13. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company posted $1.37 EPS. The company’s revenue was up 7.4% on a year-over-year basis. equities analysts predict that Motorola Solutions Inc will post 5.14 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.24%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Thursday, December 14th. Motorola Solutions’s dividend payout ratio (DPR) is 48.08%.
In related news, CEO Gregory Q. Brown sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $92.57, for a total transaction of $9,257,000.00. Following the transaction, the chief executive officer now directly owns 99,015 shares of the company’s stock, valued at $9,165,818.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bruce W. Brda sold 5,916 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $92.41, for a total transaction of $546,697.56. The disclosure for this sale can be found here. Insiders sold 359,286 shares of company stock worth $33,178,275 over the last ninety days. Insiders own 2.50% of the company’s stock.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Thursday, November 9th. Jefferies Group boosted their price objective 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. ValuEngine lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Cowen reiterated a “market perform” rating and issued a $83.00 price target (up previously from $75.00) on shares of Motorola Solutions in a research note on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Motorola Solutions presently has an average rating of “Buy” and an average target price of $95.08.
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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