Great Lakes Advisors LLC Decreases Position in Motorola Solutions, Inc. (NYSE:MSI)

Great Lakes Advisors LLC cut its stake in Motorola Solutions, Inc. (NYSE:MSI) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,350 shares of the communications equipment provider’s stock after selling 6,171 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.14% of Motorola Solutions worth $92,787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. lifted its stake in Motorola Solutions by 990.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 229 shares of the communications equipment provider’s stock valued at $88,000 after buying an additional 208 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in Motorola Solutions by 49.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 377,264 shares of the communications equipment provider’s stock valued at $145,643,000 after acquiring an additional 124,430 shares during the last quarter. Lake Street Advisors Group LLC raised its holdings in Motorola Solutions by 3.5% in the 2nd quarter. Lake Street Advisors Group LLC now owns 1,498 shares of the communications equipment provider’s stock valued at $580,000 after acquiring an additional 50 shares during the last quarter. Savant Capital LLC raised its holdings in Motorola Solutions by 7.5% in the 2nd quarter. Savant Capital LLC now owns 8,678 shares of the communications equipment provider’s stock valued at $3,350,000 after acquiring an additional 607 shares during the last quarter. Finally, Flynn Zito Capital Management LLC acquired a new stake in Motorola Solutions in the 2nd quarter valued at about $208,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MSI has been the subject of a number of recent research reports. Barclays increased their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Jefferies Financial Group increased their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Bank of America raised their price target on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Motorola Solutions presently has a consensus rating of “Buy” and a consensus target price of $466.17.

Insider Transactions at Motorola Solutions

In related news, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the completion of the sale, the senior vice president now owns 8,939 shares in the company, valued at $3,341,487.59. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total value of $9,773,887.50. Following the completion of the sale, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $373.81, for a total value of $1,971,473.94. Following the completion of the sale, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Motorola Solutions Trading Down 1.3 %

Shares of NYSE:MSI traded down $5.81 during mid-day trading on Friday, reaching $431.50. 732,493 shares of the company were exchanged, compared to its average volume of 665,506. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $448.98. The firm has a market cap of $71.97 billion, a price-to-earnings ratio of 53.34, a P/E/G ratio of 3.85 and a beta of 0.97. The firm’s 50-day simple moving average is $408.50 and its 200 day simple moving average is $373.20.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, beating the consensus estimate of $3.01 by $0.23. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.41 EPS. Equities research analysts forecast that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be given a dividend of $0.98 per share. The ex-dividend date is Friday, September 13th. This represents a $3.92 annualized dividend and a dividend yield of 0.91%. Motorola Solutions’s dividend payout ratio (DPR) is currently 48.45%.

About Motorola Solutions

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.