TCW Group Inc. Buys 16,105 Shares of Motorola Solutions Inc (NYSE:MSI)

Share on StockTwits

TCW Group Inc. grew its stake in Motorola Solutions Inc (NYSE:MSI) by 54.4% during the first quarter, HoldingsChannel.com reports. The firm owned 45,685 shares of the communications equipment provider’s stock after purchasing an additional 16,105 shares during the quarter. TCW Group Inc.’s holdings in Motorola Solutions were worth $6,415,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Motorola Solutions by 0.5% in the fourth quarter. BlackRock Inc. now owns 18,635,987 shares of the communications equipment provider’s stock valued at $2,143,884,000 after buying an additional 95,399 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Motorola Solutions by 1.7% in the third quarter. Vanguard Group Inc now owns 17,158,918 shares of the communications equipment provider’s stock valued at $2,233,062,000 after buying an additional 280,698 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Motorola Solutions by 2.4% in the first quarter. Neuberger Berman Group LLC now owns 5,713,647 shares of the communications equipment provider’s stock valued at $802,310,000 after buying an additional 134,923 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Motorola Solutions by 1.2% in the first quarter. OppenheimerFunds Inc. now owns 4,465,388 shares of the communications equipment provider’s stock valued at $627,029,000 after buying an additional 52,720 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Motorola Solutions by 10,544.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,378,307 shares of the communications equipment provider’s stock valued at $38,000 after buying an additional 4,337,175 shares in the last quarter. 85.91% of the stock is currently owned by institutional investors and hedge funds.

MSI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Wednesday, February 13th. TheStreet upgraded Motorola Solutions from a “c+” rating to a “b-” rating in a research report on Tuesday, February 26th. BTIG Research boosted their target price on Motorola Solutions from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Citigroup boosted their target price on Motorola Solutions from $145.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Deutsche Bank boosted their target price on Motorola Solutions from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. Motorola Solutions currently has a consensus rating of “Buy” and a consensus target price of $139.39.

In other news, CAO Daniel G. Pekofske sold 4,785 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $143.03, for a total value of $684,398.55. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Rajan Naik sold 1,708 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $150.83, for a total value of $257,617.64. The disclosure for this sale can be found here. Insiders sold 132,359 shares of company stock worth $19,589,459 over the last 90 days. Company insiders own 2.99% of the company’s stock.

Shares of NYSE:MSI traded up $0.10 on Wednesday, hitting $160.66. The company had a trading volume of 28,387 shares, compared to its average volume of 1,012,811. Motorola Solutions Inc has a 52-week low of $108.25 and a 52-week high of $164.27. The company has a market capitalization of $26.62 billion, a P/E ratio of 23.48, a P/E/G ratio of 2.89 and a beta of 0.51.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.20. Motorola Solutions had a negative return on equity of 91.61% and a net margin of 13.29%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the business earned $1.10 earnings per share. The business’s revenue was up 12.9% on a year-over-year basis. Sell-side analysts forecast that Motorola Solutions Inc will post 7.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be given a $0.57 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 1.42%. Motorola Solutions’s dividend payout ratio is currently 33.38%.

COPYRIGHT VIOLATION WARNING: This story was first reported by Week Herald and is the property of of Week Herald. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://weekherald.com/2019/06/12/tcw-group-inc-buys-16105-shares-of-motorola-solutions-inc-nysemsi.html.

About Motorola Solutions

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.

See Also: Key terms to understand channel trading

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).

Institutional Ownership by Quarter for Motorola Solutions (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.