Motorola Solutions, Inc. (NYSE:MSI) Stake Cut by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd trimmed its stake in Motorola Solutions, Inc. (NYSE:MSI) by 46.5% in the third quarter, Holdings Channel.com reports. The firm owned 8,061 shares of the communications equipment provider’s stock after selling 7,012 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Motorola Solutions were worth $3,592,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. MFA Wealth Advisors LLC purchased a new position in Motorola Solutions in the second quarter valued at about $25,000. Beacon Capital Management LLC lifted its stake in Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 28 shares during the last quarter. LRI Investments LLC increased its stake in shares of Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Triad Wealth Partners LLC bought a new position in shares of Motorola Solutions during the 2nd quarter valued at $29,000. Finally, Crewe Advisors LLC acquired a new position in Motorola Solutions during the first quarter worth $28,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the completion of the sale, the chief operating officer now owns 46,821 shares in the company, valued at $19,079,557.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Evercore ISI boosted their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Bank of America boosted their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Jefferies Financial Group upped their price target on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $479.50.

Motorola Solutions Stock Performance

Shares of NYSE:MSI opened at $462.32 on Friday. Motorola Solutions, Inc. has a twelve month low of $271.73 and a twelve month high of $480.28. The business has a fifty day moving average of $448.08 and a 200-day moving average of $400.74. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. The firm has a market cap of $77.13 billion, a PE ratio of 54.14, a price-to-earnings-growth ratio of 3.96 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.23. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.41 earnings per share. On average, equities research analysts predict that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.85%. Motorola Solutions’s payout ratio is 45.90%.

Motorola Solutions Company 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.