Janney Montgomery Scott LLC raised its position in Motorola Solutions Inc (NYSE:MSI) by 25.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 12,668 shares of the communications equipment provider’s stock after acquiring an additional 2,561 shares during the period. Janney Montgomery Scott LLC’s holdings in Motorola Solutions were worth $1,775,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allred Capital Management LLC lifted its stake in Motorola Solutions by 142.2% in the 1st quarter. Allred Capital Management LLC now owns 247 shares of the communications equipment provider’s stock valued at $33,000 after acquiring an additional 145 shares in the last quarter. Valeo Financial Advisors LLC increased its position in shares of Motorola Solutions by 200.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 249 shares of the communications equipment provider’s stock worth $35,000 after purchasing an additional 166 shares during the last quarter. Column Capital Advisors LLC increased its position in shares of Motorola Solutions by 166.7% during the 1st quarter. Column Capital Advisors LLC now owns 288 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 180 shares during the last quarter. Key Financial Inc acquired a new position in shares of Motorola Solutions during the 1st quarter worth approximately $49,000. Finally, Balentine LLC acquired a new position in shares of Motorola Solutions during the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 87.23% of the company’s stock.
Several research analysts have weighed in on MSI shares. Raymond James lowered their price target on Motorola Solutions from $180.00 to $175.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. JPMorgan Chase & Co. lowered Motorola Solutions from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $168.00 to $130.00 in a research report on Friday, May 8th. MKM Partners lowered their price target on Motorola Solutions from $192.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Cowen reaffirmed a “buy” rating and set a $225.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. Finally, Barclays boosted their target price on Motorola Solutions from $157.00 to $178.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $152.54.
MSI opened at $139.80 on Friday. The business has a fifty day simple moving average of $137.41 and a 200 day simple moving average of $151.56. The company has a market capitalization of $23.78 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 2.39 and a beta of 0.66. Motorola Solutions Inc has a 1 year low of $120.77 and a 1 year high of $187.49.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, May 7th. The communications equipment provider reported $1.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.21. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.67 billion. Motorola Solutions had a negative return on equity of 146.43% and a net margin of 11.60%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 EPS. On average, sell-side analysts predict that Motorola Solutions Inc will post 6.47 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were paid a $0.64 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.56 annualized dividend and a yield of 1.83%. Motorola Solutions’s dividend payout ratio (DPR) is presently 34.41%.
In related news, EVP John P. Molloy sold 3,930 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $145.00, for a total value of $569,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.30% of the company’s stock.
About Motorola Solutions
Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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