Shell Asset Management Co. decreased its holdings in shares of Motorola Solutions Inc (NYSE:MSI) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,174 shares of the communications equipment provider’s stock after selling 1,484 shares during the period. Shell Asset Management Co.’s holdings in Motorola Solutions were worth $6,536,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSI. Norges Bank acquired a new position in Motorola Solutions during the 4th quarter worth approximately $266,399,000. Bank of Montreal Can increased its position in Motorola Solutions by 291.1% during the 4th quarter. Bank of Montreal Can now owns 879,327 shares of the communications equipment provider’s stock worth $141,694,000 after purchasing an additional 654,492 shares during the period. Ceredex Value Advisors LLC grew its holdings in shares of Motorola Solutions by 50.4% in the 4th quarter. Ceredex Value Advisors LLC now owns 1,541,973 shares of the communications equipment provider’s stock worth $249,450,000 after acquiring an additional 516,458 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Motorola Solutions by 203.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 630,703 shares of the communications equipment provider’s stock worth $101,631,000 after acquiring an additional 422,625 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Motorola Solutions by 50.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,092,249 shares of the communications equipment provider’s stock worth $145,182,000 after acquiring an additional 367,304 shares during the period. Institutional investors own 85.36% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Barclays restated a “buy” rating and issued a $216.00 price target on shares of Motorola Solutions in a report on Sunday, February 9th. TD Securities cut Motorola Solutions to a “hold” rating and lowered their target price for the company from $38.00 to $36.00 in a report on Monday, May 11th. JPMorgan Chase & Co. cut Motorola Solutions from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $168.00 to $130.00 in a report on Friday, May 8th. Citigroup reduced their price target on Motorola Solutions from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, BMO Capital Markets started coverage on Motorola Solutions in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $37.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $161.37.
NYSE MSI traded down $3.00 during trading hours on Friday, reaching $134.19. The company’s stock had a trading volume of 1,020,196 shares, compared to its average volume of 1,815,423. The business has a 50-day simple moving average of $141.72 and a 200 day simple moving average of $160.06. Motorola Solutions Inc has a 52 week low of $120.77 and a 52 week high of $187.49. The stock has a market cap of $23.33 billion, a PE ratio of 25.81, a PEG ratio of 2.31 and a beta of 0.70.
Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, May 7th. The communications equipment provider reported $1.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.21. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Motorola Solutions had a net margin of 11.60% and a negative return on equity of 146.43%. Motorola Solutions’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the company posted $1.28 earnings per share. As a group, sell-side analysts forecast that Motorola Solutions Inc will post 6.59 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.64 per share. The ex-dividend date is Friday, June 12th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.91%. Motorola Solutions’s dividend payout ratio (DPR) is presently 34.41%.
In other news, CAO Daniel G. Pekofske sold 1,070 shares of Motorola Solutions stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $176.67, for a total transaction of $189,036.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.
About Motorola Solutions
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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