Korea Investment CORP reduced its position in Motorola Solutions, Inc. (NYSE:MSI) by 2.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 119,187 shares of the communications equipment provider’s stock after selling 3,189 shares during the period. Korea Investment CORP’s holdings in Motorola Solutions were worth $10,338,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of MSI. Candriam Luxembourg S.C.A. boosted its stake in shares of Motorola Solutions by 1.8% in the second quarter. Candriam Luxembourg S.C.A. now owns 316,163 shares of the communications equipment provider’s stock worth $27,425,000 after buying an additional 5,464 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Motorola Solutions during the second quarter worth approximately $298,000. Sei Investments Co. boosted its stake in shares of Motorola Solutions by 30.9% in the second quarter. Sei Investments Co. now owns 151,260 shares of the communications equipment provider’s stock worth $13,120,000 after buying an additional 35,742 shares during the last quarter. First Manhattan Co. boosted its stake in shares of Motorola Solutions by 0.7% in the second quarter. First Manhattan Co. now owns 28,405 shares of the communications equipment provider’s stock worth $2,463,000 after buying an additional 200 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Motorola Solutions by 122.6% in the second quarter. Daiwa Securities Group Inc. now owns 105,824 shares of the communications equipment provider’s stock worth $9,179,000 after buying an additional 58,287 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Motorola Solutions, Inc. (NYSE MSI) opened at 88.58 on Wednesday. The stock has a 50 day moving average price of $88.63 and a 200-day moving average price of $84.37. Motorola Solutions, Inc. has a 1-year low of $71.24 and a 1-year high of $93.75. The company has a market cap of $14.48 billion, a price-to-earnings ratio of 24.49 and a beta of 0.32.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.07. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the business earned $1.03 EPS. Motorola Solutions’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts forecast that Motorola Solutions, Inc. will post $5.28 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 15th were paid a $0.47 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $1.88 annualized dividend and a dividend yield of 2.12%. Motorola Solutions’s dividend payout ratio is presently 49.60%.

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A number of brokerages have commented on MSI. Zacks Investment Research upgraded Motorola Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank AG upped their price target on Motorola Solutions from $73.00 to $78.00 and gave the stock a “hold” rating in a research report on Monday. BMO Capital Markets upped their price target on Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Credit Suisse Group set a $95.00 price target on Motorola Solutions and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, BidaskClub upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $93.50.

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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