First Trust Advisors LP increased its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 400,763 shares of the communications equipment provider’s stock after acquiring an additional 2,647 shares during the quarter. First Trust Advisors LP owned approximately 0.25% of Motorola Solutions worth $34,013,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB purchased a new position in Motorola Solutions during the third quarter valued at approximately $424,000. Fox Run Management L.L.C. bought a new stake in Motorola Solutions during the third quarter valued at approximately $458,000. APG Asset Management N.V. lifted its position in Motorola Solutions by 75.1% during the third quarter. APG Asset Management N.V. now owns 1,641,459 shares of the communications equipment provider’s stock valued at $139,311,000 after purchasing an additional 704,000 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Motorola Solutions by 15.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 193,658 shares of the communications equipment provider’s stock valued at $16,437,000 after purchasing an additional 26,427 shares during the last quarter. Finally, Exane Derivatives lifted its position in Motorola Solutions by 1,226.4% during the third quarter. Exane Derivatives now owns 21,395 shares of the communications equipment provider’s stock valued at $1,815,000 after purchasing an additional 19,782 shares during the last quarter. 88.04% of the stock is currently owned by hedge funds and other institutional investors.
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In other news, EVP Bruce W. Brda sold 5,916 shares of Motorola Solutions stock in a transaction on Monday, November 6th. The stock was sold at an average price of $92.41, for a total transaction of $546,697.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by company insiders.
A number of brokerages have recently weighed in on MSI. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $105.00 target price on shares of Motorola Solutions in a research note on Tuesday, August 22nd. Deutsche Bank AG lifted their target price on shares of Motorola Solutions from $73.00 to $78.00 and gave the stock a “hold” rating in a research note on Monday, August 7th. Cowen and Company reaffirmed a “market perform” rating and issued a $83.00 target price (up from $75.00) on shares of Motorola Solutions in a research note on Wednesday, August 9th. Finally, ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $95.08.
Motorola Solutions Inc (NYSE:MSI) traded up $0.30 during midday trading on Tuesday, hitting $91.37. The stock had a trading volume of 782,100 shares, compared to its average volume of 1,083,533. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of -5.41. The company has a market cap of $14,730.00, a P/E ratio of 17.72, a P/E/G ratio of 4.06 and a beta of 0.33. Motorola Solutions Inc has a 52-week low of $76.92 and a 52-week high of $94.94.
Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.13. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the company earned $1.37 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. equities analysts expect that Motorola Solutions Inc will post 5.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.28%. This is an increase 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%.
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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