Commerzbank Aktiengesellschaft FI boosted its holdings in Motorola Solutions Inc (NYSE:MSI) by 18.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,917 shares of the communications equipment provider’s stock after buying an additional 3,596 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Motorola Solutions were worth $1,945,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Grove Bank & Trust raised its position in Motorola Solutions by 731.0% in the third quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock valued at $102,000 after purchasing an additional 1,060 shares during the last quarter. Sun Life Financial INC raised its position in Motorola Solutions by 14,800.0% in the second quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock valued at $103,000 after purchasing an additional 1,184 shares during the last quarter. Acrospire Investment Management LLC raised its position in Motorola Solutions by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock valued at $104,000 after purchasing an additional 300 shares during the last quarter. Smithfield Trust Co. raised its position in Motorola Solutions by 2.7% in the second quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock valued at $173,000 after purchasing an additional 53 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Motorola Solutions in the third quarter valued at about $187,000. 87.86% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Gregory Q. Brown sold 75,019 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $90.91, for a total transaction of $6,819,977.29. Following the completion of the sale, the chief executive officer now owns 183,312 shares of the company’s stock, valued at $16,664,893.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Gregory Q. Brown sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $94.32, for a total value of $4,716,000.00. The disclosure for this sale can be found here. Insiders have sold 283,456 shares of company stock valued at $26,116,985 in the last ninety days. 2.50% of the stock is currently owned by insiders.
MSI has been the subject of several research reports. Jefferies Group increased their target price on Motorola Solutions from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Finally, Cleveland Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Four 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 an average rating of “Buy” and a consensus price target of $95.08.
Shares of Motorola Solutions Inc (NYSE MSI) traded down $2.97 on Wednesday, hitting $90.66. The stock had a trading volume of 1,428,500 shares, compared to its average volume of 1,068,690. Motorola Solutions Inc has a 52 week low of $76.92 and a 52 week high of $94.96. 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 $15,168.04, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 4.17 and a beta of 0.35.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.13. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the company earned $1.37 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. research analysts predict that Motorola Solutions Inc will post 5.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.08 annualized dividend and a yield of 2.29%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.47. Motorola Solutions’s dividend payout ratio (DPR) is currently 48.08%.
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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.
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