Eaton Vance Management increased its position in shares of Motorola Solutions Inc (NYSE:MSI) by 7.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,180 shares of the communications equipment provider’s stock after acquiring an additional 3,045 shares during the quarter. Eaton Vance Management’s holdings in Motorola Solutions were worth $5,619,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in MSI. CWM LLC raised its holdings in Motorola Solutions by 446.7% in the 3rd quarter. CWM LLC now owns 831 shares of the communications equipment provider’s stock valued at $108,000 after buying an additional 679 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Motorola Solutions by 17,920.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 901 shares of the communications equipment provider’s stock valued at $105,000 after buying an additional 896 shares during the period. NuWave Investment Management LLC raised its holdings in Motorola Solutions by 1,537.3% in the 3rd quarter. NuWave Investment Management LLC now owns 966 shares of the communications equipment provider’s stock valued at $126,000 after buying an additional 907 shares during the period. Fort L.P. purchased a new stake in Motorola Solutions in the 2nd quarter valued at about $123,000. Finally, Harvest Fund Management Co. Ltd raised its holdings in Motorola Solutions by 109.2% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,067 shares of the communications equipment provider’s stock valued at $139,000 after buying an additional 557 shares during the period. 85.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:MSI opened at $127.53 on Friday. The stock has a market cap of $21.27 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 1.98 and a beta of 0.46. Motorola Solutions Inc has a 1 year low of $89.18 and a 1 year high of $133.97.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, November 1st. The communications equipment provider reported $1.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.22. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. Motorola Solutions had a negative net margin of 0.44% and a negative return on equity of 68.88%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.53 earnings per share. As a group, sell-side analysts anticipate that Motorola Solutions Inc will post 6.69 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, December 13th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.52. This represents a $2.28 dividend on an annualized basis and a yield of 1.79%. Motorola Solutions’s dividend payout ratio is 40.00%.
Several analysts recently issued reports on the stock. Citigroup reduced their price objective on shares of Motorola Solutions from $146.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Wednesday, November 14th. Raymond James set a $136.00 price objective on shares of Motorola Solutions and gave the company a “buy” rating in a report on Monday, December 3rd. Laurentian restated a “hold” rating and issued a $28.50 price objective on shares of Motorola Solutions in a report on Monday, November 26th. Finally, BMO Capital Markets boosted their price objective on shares of Motorola Solutions from $134.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $128.68.
In other Motorola Solutions news, SVP Rajan Naik sold 14,606 shares of the business’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $127.00, for a total transaction of $1,854,962.00. Following the sale, the senior vice president now directly owns 10,544 shares in the company, valued at $1,339,088. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Cynthia Yazdi sold 735 shares of the business’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $124.70, for a total transaction of $91,654.50. The disclosure for this sale can be found here. Insiders have sold 849,902 shares of company stock worth $107,111,734 over the last quarter. Insiders own 2.20% of the company’s stock.
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Motorola Solutions Profile
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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