BB&T Securities LLC purchased a new stake in Motorola Solutions Inc (NYSE:MSI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,284 shares of the communications equipment provider’s stock, valued at approximately $214,000.
Several other hedge funds have also made changes to their positions in the company. Municipal Employees Retirement System of Michigan boosted its stake in Motorola Solutions by 2.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,270 shares of the communications equipment provider’s stock valued at $378,000 after buying an additional 60 shares in the last quarter. Hanseatic Management Services Inc. raised its stake in Motorola Solutions by 1.3% during the second quarter. Hanseatic Management Services Inc. now owns 6,039 shares of the communications equipment provider’s stock worth $1,007,000 after acquiring an additional 79 shares in the last quarter. Keybank National Association OH lifted its holdings in shares of Motorola Solutions by 3.8% during the second quarter. Keybank National Association OH now owns 2,440 shares of the communications equipment provider’s stock valued at $407,000 after acquiring an additional 89 shares during the period. Greenleaf Trust lifted its holdings in shares of Motorola Solutions by 3.7% during the second quarter. Greenleaf Trust now owns 2,720 shares of the communications equipment provider’s stock valued at $454,000 after acquiring an additional 98 shares during the period. Finally, Institutional & Family Asset Management LLC lifted its holdings in shares of Motorola Solutions by 100.0% during the first quarter. Institutional & Family Asset Management LLC now owns 200 shares of the communications equipment provider’s stock valued at $28,000 after acquiring an additional 100 shares during the period. Institutional investors own 89.92% of the company’s stock.
In other news, Director Lake (Offshore) Aiv Gp Silver sold 5,471,271 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $175.75, for a total value of $961,575,878.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Gregory Q. Brown sold 264,635 shares of Motorola Solutions stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $176.80, for a total transaction of $46,787,468.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,958,449 shares of company stock valued at $1,047,392,724. 2.99% of the stock is currently owned by corporate insiders.
MSI has been the topic of several analyst reports. MKM Partners upped their target price on shares of Motorola Solutions to $170.00 in a report on Friday, August 2nd. Jefferies Financial Group set a $200.00 price target on shares of Motorola Solutions and gave the company a “buy” rating in a research report on Wednesday, August 21st. Citigroup upped their price objective on shares of Motorola Solutions from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Zacks Investment Research cut shares of Motorola Solutions from a “buy” rating to a “hold” rating and set a $177.00 price objective on the stock. in a research note on Wednesday, July 3rd. Finally, Raymond James raised their price objective on shares of Motorola Solutions from $160.00 to $182.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $164.93.
Shares of NYSE MSI opened at $164.43 on Wednesday. Motorola Solutions Inc has a 1-year low of $108.25 and a 1-year high of $182.28. The company has a market cap of $28.94 billion, a PE ratio of 24.07, a P/E/G ratio of 3.11 and a beta of 0.57. The company has a 50-day moving average of $174.10 and a two-hundred day moving average of $156.81.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.17. Motorola Solutions had a net margin of 13.47% and a negative return on equity of 105.22%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the company posted $1.46 EPS. Motorola Solutions’s revenue was up 5.7% on a year-over-year basis. As a group, research analysts expect that Motorola Solutions Inc will post 7.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.39%. Motorola Solutions’s payout ratio is currently 33.38%.
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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