First Mercantile Trust Co. lowered its stake in Motorola Solutions, Inc. (NYSE:MSI) by 13.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 37,960 shares of the communications equipment provider’s stock after selling 5,810 shares during the period. Motorola Solutions accounts for about 0.6% of First Mercantile Trust Co.’s investment portfolio, making the stock its 29th largest position. First Mercantile Trust Co.’s holdings in Motorola Solutions were worth $3,293,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSI. Lazard Asset Management LLC boosted 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 during the last quarter. Renaissance Technologies LLC boosted 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 during the last quarter. Vanguard Group Inc. boosted 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 during the last quarter. Massachusetts Financial Services Co. MA boosted 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 during the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted 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 during the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Shares of Motorola Solutions, Inc. (MSI) opened at 86.99 on Friday. Motorola Solutions, Inc. has a 1-year low of $71.24 and a 1-year high of $93.75. The company has a 50-day moving average price of $88.92 and a 200 day moving average price of $84.56. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 22.94 and a beta of 0.32.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities research analysts predict that Motorola Solutions, Inc. will post $5.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 15th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Tuesday, June 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 49.60%.

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A number of research analysts recently commented on MSI shares. Citigroup Inc. restated a “buy” rating and issued a $102.00 price target (up previously from $93.00) on shares of Motorola Solutions in a research report on Friday, May 5th. Cowen and Company decreased their price target on Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating on the stock in a research report on Friday, May 5th. Credit Suisse Group raised their price target on Motorola Solutions from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. Deutsche Bank AG raised their price target on Motorola Solutions from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Monday, May 8th. Finally, MKM Partners restated a “neutral” rating and issued a $83.00 price target (up previously from $76.00) on shares of Motorola Solutions in a research report on Monday, May 8th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $94.33.

In related news, EVP Eduardo F. Conrado sold 6,998 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the transaction, the executive vice president now owns 22,858 shares of the company’s stock, valued at approximately $2,037,333.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Bruce W. Brda sold 25,299 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.11, for a total value of $2,254,393.89. Following the transaction, the executive vice president now directly owns 23,829 shares of the company’s stock, valued at approximately $2,123,402.19. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.

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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