Marietta Investment Partners LLC acquired a new stake in Motorola Solutions Inc (NYSE:MSI) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,819 shares of the communications equipment provider’s stock, valued at approximately $677,000.
Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Motorola Solutions by 0.5% in the 4th quarter. BlackRock Inc. now owns 18,635,987 shares of the communications equipment provider’s stock worth $2,143,884,000 after acquiring an additional 95,399 shares during the period. Vanguard Group Inc increased its position in Motorola Solutions by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 17,158,918 shares of the communications equipment provider’s stock valued at $2,233,062,000 after purchasing an additional 280,698 shares during the period. Oregon Public Employees Retirement Fund increased its position in Motorola Solutions by 10,544.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,378,307 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 4,337,175 shares during the period. Parnassus Investments CA increased its position in Motorola Solutions by 1.1% during the 4th quarter. Parnassus Investments CA now owns 4,265,162 shares of the communications equipment provider’s stock valued at $490,664,000 after purchasing an additional 44,686 shares during the period. Finally, APG Asset Management N.V. increased its position in Motorola Solutions by 2.3% during the 4th quarter. APG Asset Management N.V. now owns 2,775,493 shares of the communications equipment provider’s stock valued at $279,310,000 after purchasing an additional 61,800 shares during the period. Hedge funds and other institutional investors own 85.83% of the company’s stock.
In other Motorola Solutions news, SVP Rajan Naik sold 1,708 shares of Motorola Solutions stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $150.83, for a total transaction of $257,617.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Daniel G. Pekofske sold 4,785 shares of Motorola Solutions stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $143.03, for a total value of $684,398.55. The disclosure for this sale can be found here. In the last three months, insiders sold 298,211 shares of company stock valued at $46,467,434. 2.99% of the stock is currently owned by insiders.
Shares of NYSE MSI traded up $0.69 during mid-day trading on Wednesday, reaching $164.88. 1,071,800 shares of the company’s stock were exchanged, compared to its average volume of 1,017,575. The firm has a market cap of $27.36 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 2.92 and a beta of 0.52. Motorola Solutions Inc has a 52 week low of $108.25 and a 52 week high of $169.30. The stock has a 50-day moving average price of $155.01.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.20. Motorola Solutions had a negative return on equity of 91.61% and a net margin of 13.29%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the firm posted $1.10 EPS. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, analysts forecast that Motorola Solutions Inc will post 7.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, June 13th. Motorola Solutions’s dividend payout ratio (DPR) is currently 33.38%.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Friday, May 10th. Raymond James set a $160.00 price objective on shares of Motorola Solutions and gave the stock a “buy” rating in a research report on Friday, May 3rd. TheStreet raised shares of Motorola Solutions from a “c+” rating to a “b-” rating in a research report on Tuesday, February 26th. MKM Partners raised their price objective on shares of Motorola Solutions to $143.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Finally, BTIG Research lifted their price target on shares of Motorola Solutions from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. Motorola Solutions currently has an average rating of “Buy” and a consensus price target of $139.39.
Motorola Solutions Company Profile
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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