IFM Investors Pty Ltd Increases Stock Position in Motorola Solutions Inc (NYSE:MSI)

IFM Investors Pty Ltd lifted its holdings in shares of Motorola Solutions Inc (NYSE:MSI) by 51.8% during the third quarter, HoldingsChannel.com reports. The fund owned 17,998 shares of the communications equipment provider’s stock after purchasing an additional 6,143 shares during the quarter. IFM Investors Pty Ltd’s holdings in Motorola Solutions were worth $3,067,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Municipal Employees Retirement System of Michigan raised its position in shares of Motorola Solutions by 2.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,270 shares of the communications equipment provider’s stock valued at $378,000 after purchasing an additional 60 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Motorola Solutions by 5.6% in the second quarter. Captrust Financial Advisors now owns 1,150 shares of the communications equipment provider’s stock valued at $192,000 after buying an additional 61 shares during the period. Scott & Selber Inc. lifted its holdings in shares of Motorola Solutions by 0.4% in the third quarter. Scott & Selber Inc. now owns 17,564 shares of the communications equipment provider’s stock valued at $2,993,000 after buying an additional 71 shares during the period. Profund Advisors LLC lifted its holdings in shares of Motorola Solutions by 1.1% during the second quarter. Profund Advisors LLC now owns 6,833 shares of the communications equipment provider’s stock valued at $1,139,000 after purchasing an additional 73 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Motorola Solutions by 17.9% during the second quarter. Point72 Asset Management L.P. now owns 500 shares of the communications equipment provider’s stock valued at $83,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Shares of Motorola Solutions stock opened at $158.60 on Thursday. The stock has a 50-day moving average price of $167.96 and a 200 day moving average price of $164.31. The company has a market cap of $27.51 billion, a P/E ratio of 23.22, a P/E/G ratio of 2.75 and a beta of 0.58. Motorola Solutions Inc has a 1 year low of $108.25 and a 1 year high of $182.28.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Wednesday, October 30th. The communications equipment provider reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.09. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Motorola Solutions had a negative return on equity of 114.01% and a net margin of 13.50%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.94 EPS. Research analysts forecast that Motorola Solutions Inc will post 7.26 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Thursday, September 12th. Motorola Solutions’s dividend payout ratio is currently 33.38%.

In related news, CEO Gregory Q. Brown sold 79,164 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $175.41, for a total value of $13,886,157.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lake (Offshore) Aiv Gp Silver sold 5,471,271 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $175.75, for a total value of $961,575,878.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,815,070 shares of company stock valued at $1,022,249,503. Company insiders own 2.99% of the company’s stock.

Several equities research analysts have recently commented on MSI shares. JPMorgan Chase & Co. upped their target price on Motorola Solutions from $150.00 to $151.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Raymond James upped their target price on Motorola Solutions from $160.00 to $182.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. MKM Partners upped their target price on Motorola Solutions to $170.00 in a report on Friday, August 2nd. Barclays started coverage on Motorola Solutions in a report on Wednesday, August 7th. They set an “overweight” rating and a $195.00 target price for the company. Finally, ValuEngine downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $160.50.

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

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