Raymond James Trust N.A. increased its holdings in Motorola Solutions, Inc. (NYSE:MSI – Get Rating) by 27.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,540 shares of the communications equipment provider’s stock after acquiring an additional 5,085 shares during the quarter. Raymond James Trust N.A.’s holdings in Motorola Solutions were worth $4,934,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSI. Tcwp LLC bought a new stake in Motorola Solutions in the 1st quarter worth about $54,000. Park Avenue Securities LLC lifted its holdings in Motorola Solutions by 25.7% in the 1st quarter. Park Avenue Securities LLC now owns 2,543 shares of the communications equipment provider’s stock worth $616,000 after purchasing an additional 520 shares in the last quarter. Wedmont Private Capital purchased a new position in Motorola Solutions in the 2nd quarter worth approximately $263,000. AGF Investments LLC bought a new stake in Motorola Solutions in the 1st quarter worth approximately $470,000. Finally, Cetera Advisors LLC increased its stake in Motorola Solutions by 3.7% in the 1st quarter. Cetera Advisors LLC now owns 1,446 shares of the communications equipment provider’s stock worth $350,000 after acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 83.96% of the company’s stock.
Analyst Ratings Changes
MSI has been the topic of several research analyst reports. Credit Suisse Group upped their price objective on Motorola Solutions to $301.00 in a research report on Tuesday, August 9th. Cowen increased their price target on Motorola Solutions to $311.00 in a research note on Tuesday, August 9th. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Morgan Stanley lowered Motorola Solutions from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $240.00 to $260.00 in a report on Wednesday, September 14th. Finally, Barclays raised their target price on Motorola Solutions to $305.00 in a report on Tuesday, August 9th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $289.33.
Motorola Solutions Trading Down 2.5 %
Motorola Solutions (NYSE:MSI – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The communications equipment provider reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.20. Motorola Solutions had a negative return on equity of 571.78% and a net margin of 14.22%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the company posted $1.94 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts forecast that Motorola Solutions, Inc. will post 9.09 earnings per share for the current fiscal year.
Motorola Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be paid a dividend of $0.79 per share. The ex-dividend date is Wednesday, September 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.36%. Motorola Solutions’s dividend payout ratio is presently 45.60%.
Insiders Place Their Bets
In other Motorola Solutions news, SVP Cynthia Yazdi sold 2,546 shares of Motorola Solutions stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $253.45, for a total transaction of $645,283.70. Following the transaction, the senior vice president now directly owns 4,628 shares in the company, valued at approximately $1,172,966.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Motorola Solutions news, SVP Cynthia Yazdi sold 2,546 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $253.45, for a total value of $645,283.70. Following the transaction, the senior vice president now directly owns 4,628 shares in the company, valued at $1,172,966.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gregory Q. Brown sold 100,000 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $254.14, for a total transaction of $25,414,000.00. Following the completion of the transaction, the chief executive officer now owns 70,308 shares in the company, valued at $17,868,075.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 224,377 shares of company stock worth $57,064,982. 1.85% of the stock is owned by insiders.
About Motorola Solutions
Motorola Solutions, Inc provides mission critical communications and analytics 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.
- Get a free copy of the StockNews.com research report on Motorola Solutions (MSI)
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