Motorola Solutions Inc (NYSE:MSI) Shares Sold by Pitcairn Co.

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Pitcairn Co. lowered its position in shares of Motorola Solutions Inc (NYSE:MSI) by 9.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,109 shares of the communications equipment provider’s stock after selling 214 shares during the period. Pitcairn Co.’s holdings in Motorola Solutions were worth $295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in MSI. Macquarie Group Ltd. increased its holdings in shares of Motorola Solutions by 16.6% during the 4th quarter. Macquarie Group Ltd. now owns 7,837 shares of the communications equipment provider’s stock worth $1,263,000 after buying an additional 1,115 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Motorola Solutions by 28.7% during the 4th quarter. Franklin Resources Inc. now owns 79,756 shares of the communications equipment provider’s stock worth $12,852,000 after buying an additional 17,786 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Motorola Solutions by 50.8% during the 4th quarter. Quadrant Capital Group LLC now owns 787 shares of the communications equipment provider’s stock worth $115,000 after buying an additional 265 shares during the last quarter. Pensionfund Sabic increased its holdings in shares of Motorola Solutions by 4.5% during the 1st quarter. Pensionfund Sabic now owns 11,500 shares of the communications equipment provider’s stock worth $1,529,000 after buying an additional 500 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Motorola Solutions by 7.6% during the 1st quarter. State of Alaska Department of Revenue now owns 69,031 shares of the communications equipment provider’s stock worth $9,174,000 after buying an additional 4,894 shares during the last quarter. Institutional investors and hedge funds own 87.23% of the company’s stock.

A number of equities analysts recently weighed in on MSI shares. Jefferies Financial Group increased their price objective on shares of Motorola Solutions from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. BMO Capital Markets started coverage on shares of Motorola Solutions in a research report on Tuesday, April 14th. They set an “outperform” rating and a $37.00 price objective for the company. Raymond James lowered their price objective on shares of Motorola Solutions from $180.00 to $175.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Barclays increased their price objective on shares of Motorola Solutions from $157.00 to $178.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $163.00 price objective on shares of Motorola Solutions in a research report on Monday, June 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $152.54.

Motorola Solutions stock opened at $139.80 on Friday. Motorola Solutions Inc has a 52-week low of $120.77 and a 52-week high of $187.49. The firm has a fifty day moving average of $137.41 and a 200-day moving average of $151.56. The firm has a market capitalization of $23.67 billion, a P/E ratio of 18.29, a PEG ratio of 2.39 and a beta of 0.66.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, May 7th. The communications equipment provider reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.21. Motorola Solutions had a net margin of 11.60% and a negative return on equity of 146.43%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts forecast that Motorola Solutions Inc will post 6.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were given a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, June 12th. Motorola Solutions’s payout ratio is currently 34.41%.

In other news, EVP John P. Molloy sold 3,930 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $145.00, for a total value of $569,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Motorola Solutions Company Profile

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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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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