Manning & Napier Advisors LLC Reduces Position in Motorola Solutions, Inc. (MSI)

Manning & Napier Advisors LLC decreased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 8.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,115 shares of the communications equipment provider’s stock after selling 3,345 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Motorola Solutions were worth $2,979,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MSI. Sun Life Financial INC raised its stake in Motorola Solutions by 14,800.0% during the second quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock worth $103,000 after acquiring an additional 1,184 shares during the period. Acrospire Investment Management LLC raised its stake in Motorola Solutions by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock worth $104,000 after acquiring an additional 300 shares during the period. Smithfield Trust Co. raised its stake in Motorola Solutions by 2.7% during the second quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock worth $173,000 after acquiring an additional 53 shares during the period. Williams Jones & Associates LLC acquired a new stake in Motorola Solutions during the second quarter worth about $201,000. Finally, IBM Retirement Fund raised its stake in Motorola Solutions by 34.0% during the second quarter. IBM Retirement Fund now owns 2,458 shares of the communications equipment provider’s stock worth $213,000 after acquiring an additional 624 shares during the period. Hedge funds and other institutional investors own 88.17% of the company’s stock.

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MSI has been the topic of several research reports. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Thursday, July 27th. BMO Capital Markets raised their price target on shares of Motorola Solutions from $95.00 to $102.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Cleveland Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research note on Friday, October 6th. ValuEngine lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Credit Suisse Group set a $95.00 price target on shares of Motorola Solutions and gave the company a “buy” rating in a research note on Thursday, July 27th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $95.08.

In related news, Chairman Gregory Q. Brown sold 52,521 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $90.96, for a total transaction of $4,777,310.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bruce W. Brda sold 5,916 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $92.41, for a total transaction of $546,697.56. The disclosure for this sale can be found here. Insiders sold 133,456 shares of company stock valued at $12,143,985 over the last quarter. Insiders own 2.50% of the company’s stock.

Motorola Solutions, Inc. (NYSE MSI) traded up $1.38 during trading on Tuesday, hitting $92.33. 500,500 shares of the stock traded hands, compared to its average volume of 1,078,000. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of -5.41. The company has a market capitalization of $15,000.00, a PE ratio of 17.69, a PEG ratio of 4.05 and a beta of 0.33. Motorola Solutions, Inc. has a twelve month low of $76.92 and a twelve month high of $94.94.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.13. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $1.37 earnings per share. equities research analysts forecast that Motorola Solutions, Inc. will post 5.14 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a dividend yield of 2.25%. Motorola Solutions’s dividend payout ratio (DPR) is 48.08%.

Motorola Solutions Profile

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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