AMP Capital Investors Ltd increased its position in Motorola Solutions Inc (NYSE:MSI) by 59.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,533 shares of the communications equipment provider’s stock after purchasing an additional 25,228 shares during the period. AMP Capital Investors Ltd’s holdings in Motorola Solutions were worth $7,858,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Glen Harbor Capital Management LLC lifted its holdings in shares of Motorola Solutions by 3.8% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 98,384 shares of the communications equipment provider’s stock worth $11,449,000 after purchasing an additional 3,608 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Motorola Solutions by 16.4% in the 2nd quarter. OppenheimerFunds Inc. now owns 4,231,955 shares of the communications equipment provider’s stock worth $492,472,000 after purchasing an additional 596,941 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Motorola Solutions by 133.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 40,898 shares of the communications equipment provider’s stock valued at $4,759,000 after acquiring an additional 23,349 shares in the last quarter. Korea Investment CORP lifted its stake in Motorola Solutions by 16.4% during the 2nd quarter. Korea Investment CORP now owns 128,508 shares of the communications equipment provider’s stock valued at $14,954,000 after acquiring an additional 18,100 shares in the last quarter. Finally, KCM Investment Advisors LLC bought a new position in Motorola Solutions during the 2nd quarter valued at $202,000. Institutional investors own 86.22% of the company’s stock.
Several equities analysts have weighed in on MSI shares. Jefferies Financial Group raised their price objective on Motorola Solutions to $140.00 and gave the company a “buy” rating in a research note on Monday, July 23rd. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research note on Tuesday, July 24th. JPMorgan Chase & Co. cut Motorola Solutions from a “neutral” rating to an “underweight” rating in a research note on Friday, August 3rd. Credit Suisse Group set a $137.00 price objective on Motorola Solutions and gave the company a “buy” rating in a research note on Monday, August 20th. Finally, Argus raised their price objective on Motorola Solutions to $140.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company’s stock. Motorola Solutions currently has an average rating of “Buy” and a consensus price target of $130.23.
In other news, EVP Mark S. Hacker sold 102,628 shares of Motorola Solutions stock in a transaction on Friday, September 7th. The stock was sold at an average price of $127.01, for a total transaction of $13,034,782.28. Following the sale, the executive vice president now directly owns 56,259 shares in the company, valued at approximately $7,145,455.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.20% of the company’s stock.
Shares of NYSE:MSI opened at $126.14 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of -3.55. Motorola Solutions Inc has a 1-year low of $82.86 and a 1-year high of $129.20. The firm has a market cap of $20.68 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 2.02 and a beta of 0.43.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 2nd. The communications equipment provider reported $1.46 EPS for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.09. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Motorola Solutions had a negative return on equity of 70.84% and a negative net margin of 0.97%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 EPS. sell-side analysts forecast that Motorola Solutions Inc will post 6.57 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 14th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, September 13th. Motorola Solutions’s payout ratio is 40.00%.
About Motorola Solutions
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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