Motorola Solutions, Inc. (MSI) Holdings Lifted by Kwmg LLC
Kwmg LLC boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,130 shares of the communications equipment provider’s stock after buying an additional 1,012 shares during the quarter. Kwmg LLC’s holdings in Motorola Solutions were worth $1,793,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Motorola Solutions by 1.6% during the second quarter. Vanguard Group Inc. now owns 16,290,817 shares of the communications equipment provider’s stock worth $1,413,066,000 after buying an additional 254,399 shares during the period. Lazard Asset Management LLC grew its position in Motorola Solutions by 6.7% during the second quarter. Lazard Asset Management LLC now owns 9,589,218 shares of the communications equipment provider’s stock worth $831,768,000 after buying an additional 600,229 shares during the period. State Street Corp grew its position in Motorola Solutions by 1.8% during the second quarter. State Street Corp now owns 7,734,797 shares of the communications equipment provider’s stock worth $670,905,000 after buying an additional 135,926 shares during the period. Parnassus Investments CA grew its position in Motorola Solutions by 0.7% during the third quarter. Parnassus Investments CA now owns 5,649,582 shares of the communications equipment provider’s stock worth $479,480,000 after buying an additional 41,541 shares during the period. Finally, Neuberger Berman Group LLC grew its position in Motorola Solutions by 2.1% during the second quarter. Neuberger Berman Group LLC now owns 5,458,346 shares of the communications equipment provider’s stock worth $473,457,000 after buying an additional 110,330 shares during the period. Institutional investors own 88.04% of the company’s stock.
In related news, EVP Bruce W. Brda sold 5,916 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $92.41, for a total transaction of $546,697.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company’s stock.
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Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Thursday, November 9th. Jefferies Group LLC upped their target price on shares of Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Cleveland Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $95.08.
Shares of Motorola Solutions, Inc. (MSI) traded down $0.02 on Wednesday, hitting $91.00. 294,590 shares of the company traded hands, compared to its average volume of 1,082,066. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of -5.41. The stock has a market capitalization of $14,801.92, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 4.07 and a beta of 0.33. Motorola Solutions, Inc. has a fifty-two week low of $76.92 and a fifty-two week high of $94.94.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.13. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.58 billion. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 earnings per share. equities research analysts expect that Motorola Solutions, Inc. will post 5.14 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be paid a dividend of $0.52 per share. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, December 14th. This represents a $2.08 annualized dividend and a dividend yield of 2.29%. Motorola Solutions’s dividend payout ratio is presently 48.08%.
Motorola Solutions Company Profile
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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