PHH Investments Ltd. Buys New Stake in Motorola Solutions Inc (MSI)

PHH Investments Ltd. bought a new stake in shares of Motorola Solutions Inc (NYSE:MSI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 12,914 shares of the communications equipment provider’s stock, valued at approximately $1,096,000.

Other institutional investors also recently added to or reduced their stakes in the company. WINTON GROUP Ltd lifted its position in shares of Motorola Solutions by 51.9% during the 2nd quarter. WINTON GROUP Ltd now owns 164,129 shares of the communications equipment provider’s stock valued at $14,237,000 after acquiring an additional 56,105 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Motorola Solutions by 6.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 624,195 shares of the communications equipment provider’s stock worth $54,143,000 after buying an additional 38,642 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in Motorola Solutions by 11.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 795,770 shares of the communications equipment provider’s stock worth $69,025,000 after buying an additional 82,182 shares during the last quarter. State of Wisconsin Investment Board acquired a new position in Motorola Solutions during the second quarter worth $2,325,000. Finally, Swiss National Bank raised its holdings in Motorola Solutions by 0.3% during the third quarter. Swiss National Bank now owns 809,178 shares of the communications equipment provider’s stock worth $68,675,000 after buying an additional 2,600 shares during the last quarter. Institutional investors own 87.86% of the company’s stock.

In other news, EVP Bruce W. Brda sold 5,916 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $92.41, for a total value of $546,697.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eduardo F. Conrado sold 75,830 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $93.12, for a total transaction of $7,061,289.60. Following the completion of the sale, the executive vice president now owns 51,346 shares of the company’s stock, valued at approximately $4,781,339.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 359,286 shares of company stock valued at $33,178,275. Company insiders own 2.50% of the company’s stock.

Motorola Solutions Inc (NYSE:MSI) traded down $0.28 during midday trading on Monday, hitting $92.52. 1,231,900 shares of the stock traded hands, compared to its average volume of 1,072,562. Motorola Solutions Inc has a 12-month low of $76.92 and a 12-month high of $94.96. The company has a debt-to-equity ratio of -5.41, a quick ratio of 1.16 and a current ratio of 1.30. The company has a market cap of $14,988.22, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 4.12 and a beta of 0.35.

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

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

Several research firms have weighed in on MSI. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a report on Wednesday, September 6th. Jefferies Group restated a “buy” rating and set a $105.00 price objective on shares of Motorola Solutions in a report on Tuesday, August 22nd. Finally, ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $95.08.

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About Motorola Solutions

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.

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

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