4,442 Motorola Solutions, Inc. $MSI Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lowered its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 8.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 50,429 shares of the communications equipment provider’s stock after selling 4,442 shares during the period. Fifth Third Bancorp’s holdings in Motorola Solutions were worth $22,490,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp boosted its position in Motorola Solutions by 4.3% during the second quarter. State Street Corp now owns 7,849,952 shares of the communications equipment provider’s stock valued at $3,269,332,000 after buying an additional 323,725 shares during the period. Aristotle Capital Management LLC purchased a new stake in Motorola Solutions during the 1st quarter valued at about $983,432,000. Amundi increased its position in shares of Motorola Solutions by 1.9% during the first quarter. Amundi now owns 1,600,491 shares of the communications equipment provider’s stock valued at $694,565,000 after acquiring an additional 30,264 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Motorola Solutions by 34.3% during the first quarter. Bank of America Corp DE now owns 1,381,506 shares of the communications equipment provider’s stock valued at $599,532,000 after purchasing an additional 352,679 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Motorola Solutions by 5.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,244,326 shares of the communications equipment provider’s stock valued at $539,958,000 after acquiring an additional 59,294 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Raymond James Financial increased their price target on shares of Motorola Solutions from $530.00 to $550.00 in a research report on Thursday, August 6th. Barclays lifted their price target on shares of Motorola Solutions from $529.00 to $598.00 and gave the stock an “overweight” rating in a research note on Thursday, November 5th. Northcoast Research boosted their price target on Motorola Solutions from $510.00 to $525.00 in a report on Thursday, August 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $476.00 price objective (up from $470.00) on shares of Motorola Solutions in a research report on Thursday, August 6th. Finally, Weiss Ratings cut Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $545.70.

Get Our Latest Stock Analysis on Motorola Solutions

Insider Transactions at Motorola Solutions

In other Motorola Solutions news, CEO Gregory Q. Brown sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $526.14, for a total value of $13,153,500.00. Following the completion of the transaction, the chief executive officer owned 66,769 shares in the company, valued at $35,129,841.66. This represents a 27.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP James Niewiara sold 2,086 shares of the stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $522.35, for a total value of $1,089,622.10. Following the completion of the transaction, the senior vice president directly owned 18,398 shares of the company’s stock, valued at $9,610,195.30. This represents a 10.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 221,418 shares of company stock worth $114,247,736 in the last quarter. 1.28% of the stock is owned by corporate insiders.

Motorola Solutions Trading Up 0.2%

NYSE:MSI opened at $531.50 on Friday. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $548.28. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 3.03. The company has a market capitalization of $87.87 billion, a PE ratio of 34.96, a P/E/G ratio of 2.85 and a beta of 0.86. The stock’s 50 day moving average price is $472.72 and its 200 day moving average price is $445.13.

Motorola Solutions (NYSE:MSI – Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 EPS for the quarter, beating the consensus estimate of $4.42 by $0.27. Motorola Solutions had a return on equity of 94.49% and a net margin of 16.54%. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the firm earned $4.06 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, research analysts anticipate that Motorola Solutions, Inc. will post 16.08 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 16th were paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, September 16th. Motorola Solutions’s payout ratio is currently 38.94%.

Recent Motorola Solutions Headlines

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About Motorola Solutions

(Free Report)

Motorola Solutions, Inc. provides communications, software, video security and related services for public safety agencies and commercial and industrial organizations. Its products include two-way radios and land mobile radio systems, dispatch consoles, command center software, video surveillance systems and access control technology. The company’s offerings are designed to help customers coordinate communications, manage incidents and support security operations. Motorola Solutions also provides services such as system integration, maintenance and technical support.

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

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