Benson Investment Management Company Inc. bought a new position in Motorola Solutions, Inc. (NYSE:MSI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,980 shares of the communications equipment provider’s stock, valued at approximately $1,733,000.

A number of other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC raised its position in shares of Motorola Solutions by 54.6% in the first quarter. Lazard Asset Management LLC now owns 8,988,989 shares of the communications equipment provider’s stock worth $775,030,000 after buying an additional 3,174,388 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Motorola Solutions by 51.5% in the first quarter. Renaissance Technologies LLC now owns 1,797,415 shares of the communications equipment provider’s stock worth $154,973,000 after buying an additional 610,650 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Motorola Solutions by 2.8% in the first quarter. Vanguard Group Inc. now owns 16,036,418 shares of the communications equipment provider’s stock worth $1,382,661,000 after buying an additional 444,109 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Motorola Solutions by 209.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 591,919 shares of the communications equipment provider’s stock worth $51,036,000 after buying an additional 400,519 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its position in shares of Motorola Solutions by 129.2% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 548,833 shares of the communications equipment provider’s stock worth $47,320,000 after buying an additional 309,341 shares in the last quarter. Institutional investors and hedge funds own 87.20% of the company’s stock.

Shares of Motorola Solutions, Inc. (NYSE:MSI) traded up 0.57% during trading on Tuesday, hitting $91.19. The stock had a trading volume of 146,895 shares. The stock has a 50 day moving average of $87.34 and a 200 day moving average of $83.85. Motorola Solutions, Inc. has a 12 month low of $68.10 and a 12 month high of $91.49. The company has a market cap of $14.91 billion, a PE ratio of 25.21 and a beta of 0.31.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, May 4th. The communications equipment provider reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.14. Motorola Solutions had a negative return on equity of 102.32% and a net margin of 10.10%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. Equities analysts forecast that Motorola Solutions, Inc. will post $5.20 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were issued a $0.47 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $1.88 annualized dividend and a dividend yield of 2.07%. Motorola Solutions’s dividend payout ratio (DPR) is 51.93%.

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A number of equities analysts have weighed in on MSI shares. Gabelli upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, May 8th. Raymond James Financial, Inc. upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $62.76 to $95.00 in a research note on Monday, May 22nd. They noted that the move was a valuation call. Citigroup Inc. restated a “buy” rating and issued a $102.00 target price (up from $93.00) on shares of Motorola Solutions in a research note on Friday, May 5th. Cowen and Company decreased their target price on Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating on the stock in a research note on Monday, May 15th. Finally, BMO Capital Markets restated a “buy” rating on shares of Motorola Solutions in a research note on Friday, June 23rd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $90.15.

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

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