Saxon Interests Inc. boosted its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 15.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,431 shares of the communications equipment provider’s stock after purchasing an additional 454 shares during the quarter. Saxon Interests Inc.’s holdings in Motorola Solutions were worth $1,006,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. boosted its position in Motorola Solutions by 2.4% during the second quarter. Contravisory Investment Management Inc. now owns 23,981 shares of the communications equipment provider’s stock worth $7,033,000 after acquiring an additional 560 shares during the last quarter. Brookstone Capital Management acquired a new stake in shares of Motorola Solutions in the second quarter valued at approximately $247,000. Sanders Morris Harris LLC purchased a new position in Motorola Solutions during the second quarter worth approximately $1,386,000. Czech National Bank grew its holdings in Motorola Solutions by 0.8% in the 2nd quarter. Czech National Bank now owns 19,854 shares of the communications equipment provider’s stock valued at $5,823,000 after buying an additional 157 shares in the last quarter. Finally, Quent Capital LLC boosted its position in shares of Motorola Solutions by 23.6% during the 2nd quarter. Quent Capital LLC now owns 183 shares of the communications equipment provider’s stock valued at $54,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.
Wall Street Analyst Weigh In
MSI has been the topic of a number of analyst reports. Morgan Stanley lifted their target price on shares of Motorola Solutions from $290.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Friday, August 4th. Raymond James increased their price objective on Motorola Solutions from $315.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Barclays lowered their price target on Motorola Solutions from $329.00 to $322.00 and set an “overweight” rating for the company in a report on Friday, August 4th. StockNews.com began coverage on shares of Motorola Solutions in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Motorola Solutions from $320.00 to $311.00 and set an “overweight” rating for the company in a research report on Monday, August 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Motorola Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $309.67.
Motorola Solutions Stock Down 1.0 %
Shares of MSI traded down $2.76 during mid-day trading on Tuesday, hitting $284.64. 137,315 shares of the company’s stock were exchanged, compared to its average volume of 735,890. The company has a debt-to-equity ratio of 17.14, a quick ratio of 0.96 and a current ratio of 1.23. The company has a market cap of $47.53 billion, a price-to-earnings ratio of 32.59, a P/E/G ratio of 3.01 and a beta of 0.92. The stock’s 50-day moving average is $285.37 and its 200-day moving average is $283.49. Motorola Solutions, Inc. has a fifty-two week low of $212.76 and a fifty-two week high of $299.43.
Motorola Solutions (NYSE:MSI – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $2.65 EPS for the quarter, beating the consensus estimate of $2.51 by $0.14. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Motorola Solutions had a net margin of 15.72% and a return on equity of 2,157.02%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.87 EPS. On average, sell-side analysts anticipate that Motorola Solutions, Inc. will post 10.44 earnings per share for the current fiscal year.
Motorola Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, September 14th. Motorola Solutions’s payout ratio is presently 39.91%.
Insider Transactions at Motorola Solutions
In other Motorola Solutions news, Director Kenneth D. Denman sold 1,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $284.58, for a total value of $284,580.00. Following the sale, the director now directly owns 8,101 shares of the company’s stock, valued at approximately $2,305,382.58. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.
Motorola Solutions Profile
Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.
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