Royal Fund Management LLC acquired a new position in shares of Motorola Solutions Inc (NYSE:MSI) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 450 shares of the communications equipment provider’s stock, valued at approximately $59,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its position in Motorola Solutions by 1.4% during the fourth quarter. State Street Corp now owns 7,779,631 shares of the communications equipment provider’s stock worth $1,258,346,000 after purchasing an additional 107,899 shares during the last quarter. Geode Capital Management LLC increased its position in Motorola Solutions by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 2,663,902 shares of the communications equipment provider’s stock worth $428,391,000 after purchasing an additional 179,467 shares during the last quarter. Norges Bank acquired a new stake in Motorola Solutions during the fourth quarter worth about $266,399,000. Ceredex Value Advisors LLC increased its position in Motorola Solutions by 50.4% during the fourth quarter. Ceredex Value Advisors LLC now owns 1,541,973 shares of the communications equipment provider’s stock worth $249,450,000 after purchasing an additional 516,458 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Motorola Solutions by 12.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,452,735 shares of the communications equipment provider’s stock worth $234,093,000 after purchasing an additional 166,425 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.
A number of equities research analysts have weighed in on MSI shares. TD Securities cut shares of Motorola Solutions to a “hold” rating and dropped their price target for the company from $38.00 to $36.00 in a research report on Monday, May 11th. Deutsche Bank lifted their price target on shares of Motorola Solutions from $195.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Citigroup dropped their price target on shares of Motorola Solutions from $175.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Cowen reiterated a “buy” rating and set a $225.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. cut shares of Motorola Solutions from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $168.00 to $130.00 in a research report on Friday, May 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $161.37.
Shares of Motorola Solutions stock opened at $134.19 on Friday. The company has a market capitalization of $23.33 billion, a P/E ratio of 25.81, a P/E/G ratio of 2.31 and a beta of 0.70. Motorola Solutions Inc has a 52-week low of $120.77 and a 52-week high of $187.49. The company has a 50 day moving average of $141.72 and a 200 day moving average of $160.06.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, May 7th. The communications equipment provider reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.21. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.67 billion. Motorola Solutions had a net margin of 11.60% and a negative return on equity of 146.43%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 EPS. As a group, analysts predict that Motorola Solutions Inc will post 6.59 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.56 annualized dividend and a dividend yield of 1.91%. Motorola Solutions’s dividend payout ratio is presently 34.41%.
In other news, CAO Daniel G. Pekofske sold 1,070 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $176.67, for a total transaction of $189,036.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by insiders.
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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