MML Investors Services LLC increased its position in shares of Motorola Solutions Inc (NYSE:MSI) by 72.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 15,455 shares of the communications equipment provider’s stock after buying an additional 6,509 shares during the period. MML Investors Services LLC’s holdings in Motorola Solutions were worth $2,011,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Mainstay Capital Management LLC ADV boosted its position in Motorola Solutions by 11,537.0% during the second quarter. Mainstay Capital Management LLC ADV now owns 11,637 shares of the communications equipment provider’s stock valued at $100,000 after purchasing an additional 11,537 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in Motorola Solutions by 17,920.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 901 shares of the communications equipment provider’s stock valued at $105,000 after purchasing an additional 896 shares during the last quarter. CWM LLC boosted its position in Motorola Solutions by 446.7% during the third quarter. CWM LLC now owns 831 shares of the communications equipment provider’s stock valued at $108,000 after purchasing an additional 679 shares during the last quarter. Fort L.P. acquired a new position in Motorola Solutions during the second quarter valued at approximately $123,000. Finally, NuWave Investment Management LLC boosted its position in Motorola Solutions by 1,537.3% during the third quarter. NuWave Investment Management LLC now owns 966 shares of the communications equipment provider’s stock valued at $126,000 after purchasing an additional 907 shares during the last quarter. Institutional investors and hedge funds own 85.22% of the company’s stock.
In other Motorola Solutions news, EVP Mark S. Hacker sold 102,628 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $127.01, for a total transaction of $13,034,782.28. Following the transaction, the executive vice president now owns 56,259 shares in the company, valued at approximately $7,145,455.59. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Gino A. Bonanotte sold 124,161 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $127.50, for a total value of $15,830,527.50. Following the transaction, the chief financial officer now owns 59,025 shares in the company, valued at approximately $7,525,687.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 937,924 shares of company stock worth $118,291,554. Corporate insiders own 2.20% of the company’s stock.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data 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. Motorola Solutions had a negative return on equity of 68.88% and a negative net margin of 0.44%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the company earned $1.53 EPS. The company’s revenue was up 13.2% on a year-over-year basis. On average, equities analysts forecast that Motorola Solutions Inc will post 6.67 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Thursday, December 13th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.52. Motorola Solutions’s dividend payout ratio (DPR) is 40.00%.
Several brokerages recently commented on MSI. Jefferies Financial Group increased their price target on Motorola Solutions from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research cut Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Citigroup increased their price target on Motorola Solutions from $130.00 to $146.00 and gave the company a “buy” rating in a research report on Tuesday, September 25th. Credit Suisse Group set a $137.00 price objective on Motorola Solutions and gave the company a “hold” rating in a research report on Friday, September 21st. Finally, Argus lifted their price target on Motorola Solutions to $140.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $134.77.
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Motorola Solutions Profile
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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