Pensionfund DSM Netherlands boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 19.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 18,200 shares of the communications equipment provider’s stock after buying an additional 3,000 shares during the period. Pensionfund DSM Netherlands’ holdings in Motorola Solutions were worth $3,423,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in Motorola Solutions by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 1,956,124 shares of the communications equipment provider’s stock valued at $332,658,000 after acquiring an additional 45,989 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Motorola Solutions by 13.8% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,867,776 shares of the communications equipment provider’s stock worth $317,635,000 after purchasing an additional 227,121 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Motorola Solutions by 10.1% during the 4th quarter. Alliancebernstein L.P. now owns 1,822,983 shares of the communications equipment provider’s stock valued at $310,016,000 after buying an additional 167,174 shares during the period. Norges Bank purchased a new stake in shares of Motorola Solutions during the fourth quarter worth $301,555,000. Finally, Nuveen Asset Management LLC boosted its position in Motorola Solutions by 5.8% during the fourth quarter. Nuveen Asset Management LLC now owns 1,771,549 shares of the communications equipment provider’s stock valued at $301,270,000 after purchasing an additional 96,568 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on MSI. William Blair began coverage on Motorola Solutions in a report on Thursday, December 10th. They set an “outperform” rating for the company. Barclays lifted their target price on shares of Motorola Solutions from $196.00 to $206.00 and gave the company an “overweight” rating in a research note on Friday, February 5th. Zacks Investment Research upgraded shares of Motorola Solutions from a “sell” rating to a “hold” rating and set a $200.00 price target on the stock in a research note on Tuesday. Citigroup lifted their price objective on shares of Motorola Solutions from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, February 5th. Finally, Raymond James increased their target price on shares of Motorola Solutions from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 5th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $157.62.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, February 4th. The communications equipment provider reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.12. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.24 billion. Motorola Solutions had a negative return on equity of 158.99% and a net margin of 10.39%. Research analysts predict that Motorola Solutions, Inc. will post 7 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Monday, March 15th will be paid a $0.71 dividend. The ex-dividend date is Friday, March 12th. This represents a $2.84 annualized dividend and a dividend yield of 1.50%. Motorola Solutions’s payout ratio is 38.17%.
In related news, CEO Gregory Q. Brown sold 56,040 shares of the company’s stock in a transaction on Friday, February 12th. The shares were sold at an average price of $181.18, for a total transaction of $10,153,327.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.
Motorola Solutions Profile
Motorola Solutions, Inc provides mission critical communications and analytics in 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 security devices and infrastructure, as well as the implementation, optimization, and integration of systems, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
Featured Article: What is the Ex-Dividend Date in Investing?
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions, Inc. (NYSE:MSI).
Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.