Foyston Gordon & Payne Inc lifted its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 20.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,974 shares of the communications equipment provider’s stock after acquiring an additional 32,770 shares during the period. Motorola Solutions makes up about 2.8% of Foyston Gordon & Payne Inc’s investment portfolio, making the stock its 12th largest holding. Foyston Gordon & Payne Inc owned about 0.12% of Motorola Solutions worth $16,378,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of MSI. Grove Bank & Trust increased its position in shares of Motorola Solutions by 731.0% during the third quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock worth $102,000 after acquiring an additional 1,060 shares in the last quarter. Sun Life Financial INC increased its position in shares of 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 in the last quarter. Acrospire Investment Management LLC increased its position in shares of 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 in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Motorola Solutions during the third quarter worth $187,000. Finally, Williams Jones & Associates LLC bought a new stake in shares of Motorola Solutions during the second quarter worth $201,000. 87.86% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Thursday, November 9th. Jefferies Group raised their target price on shares of Motorola Solutions from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $95.08.
Motorola Solutions Inc (NYSE MSI) traded down $0.28 during trading on Monday, reaching $92.52. 1,231,900 shares of the company were exchanged, compared to its average volume of 1,072,562. The company has a market capitalization of $14,988.22, a P/E ratio of 18.00, a P/E/G ratio of 4.12 and a beta of 0.35. Motorola Solutions Inc has a 1-year low of $76.92 and a 1-year high of $94.96. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of -5.41.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.13. The firm 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 company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.37 earnings per share. analysts predict that Motorola Solutions Inc will post 5.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.08 dividend on an annualized basis and a yield of 2.25%. 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%.
In other Motorola Solutions news, Chairman Gregory Q. Brown sold 50,000 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $94.32, for a total value of $4,716,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bruce W. Brda sold 5,916 shares of the stock in a transaction on Monday, November 6th. The shares were 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. In the last quarter, insiders sold 359,286 shares of company stock valued at $33,178,275. Corporate insiders own 2.50% of the company’s stock.
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Motorola Solutions Company 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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