Gryphon Financial Partners LLC Buys 6,478 Shares of Motorola Solutions Inc (MSI)

Gryphon Financial Partners LLC grew its stake in Motorola Solutions Inc (NYSE:MSI) by 6,478.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,578 shares of the communications equipment provider’s stock after purchasing an additional 6,478 shares during the period. Gryphon Financial Partners LLC’s holdings in Motorola Solutions were worth $856,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MSI. Allianz Asset Management GmbH increased its holdings in shares of Motorola Solutions by 13.7% in the first quarter. Allianz Asset Management GmbH now owns 316,836 shares of the communications equipment provider’s stock valued at $33,363,000 after purchasing an additional 38,208 shares during the period. Brown Advisory Inc. boosted its stake in shares of Motorola Solutions by 112.5% in the first quarter. Brown Advisory Inc. now owns 5,186 shares of the communications equipment provider’s stock valued at $546,000 after buying an additional 2,745 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Motorola Solutions by 39.9% in the second quarter. IFM Investors Pty Ltd now owns 7,682 shares of the communications equipment provider’s stock valued at $894,000 after buying an additional 2,189 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of Motorola Solutions by 4.8% in the second quarter. Xact Kapitalforvaltning AB now owns 17,151 shares of the communications equipment provider’s stock valued at $1,996,000 after buying an additional 787 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its stake in shares of Motorola Solutions by 9.3% in the second quarter. Raymond James Trust N.A. now owns 9,359 shares of the communications equipment provider’s stock valued at $1,090,000 after buying an additional 794 shares in the last quarter. 86.55% of the stock is currently owned by institutional investors and hedge funds.

MSI opened at $129.59 on Friday. The firm has a market cap of $20.59 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.97 and a beta of 0.46. Motorola Solutions Inc has a one year low of $89.18 and a one year high of $131.48.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, November 1st. The communications equipment provider reported $1.94 EPS for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.22. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.87 billion. Motorola Solutions had a negative return on equity of 68.88% and a negative net margin of 0.44%. Motorola Solutions’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.53 earnings per share. As a group, equities analysts predict that Motorola Solutions Inc will post 6.66 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 14th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $2.08 dividend on an annualized basis and a yield of 1.61%. Motorola Solutions’s payout ratio is 40.00%.

In other news, CEO Cynthia Yazdi sold 735 shares of the company’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $124.70, for a total value of $91,654.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Gino A. Bonanotte sold 124,161 shares of the company’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $127.50, for a total value of $15,830,527.50. Following the completion of the sale, the chief financial officer now owns 59,025 shares in the company, valued at $7,525,687.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 937,924 shares of company stock worth $118,291,554. 2.20% of the stock is owned by company insiders.

A number of analysts recently weighed in on MSI shares. Credit Suisse Group set a $129.00 price target on Motorola Solutions and gave the company a “buy” rating in a research note on Tuesday, July 17th. Jefferies Financial Group lifted their price target on Motorola Solutions to $140.00 and gave the company a “buy” rating in a research note on Monday, July 23rd. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research note on Tuesday, July 24th. JPMorgan Chase & Co. downgraded Motorola Solutions from a “neutral” rating to an “underweight” rating in a research note on Friday, August 3rd. Finally, Northcoast Research set a $128.00 price target on Motorola Solutions and gave the company a “buy” rating in a research note on Monday, August 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $134.54.

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About Motorola Solutions

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software 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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