Toroso Investments LLC boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Get Rating) by 27.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,312 shares of the communications equipment provider’s stock after acquiring an additional 3,267 shares during the quarter. Toroso Investments LLC’s holdings in Motorola Solutions were worth $3,709,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of MSI. Benjamin F. Edwards & Company Inc. raised its stake in shares of Motorola Solutions by 104.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 145 shares of the communications equipment provider’s stock valued at $35,000 after acquiring an additional 74 shares in the last quarter. Delos Wealth Advisors LLC acquired a new stake in shares of Motorola Solutions during the 4th quarter worth approximately $36,000. Quent Capital LLC acquired a new stake in shares of Motorola Solutions during the 4th quarter worth approximately $46,000. Rosenberg Matthew Hamilton boosted its stake in Motorola Solutions by 49.6% in the 1st quarter. Rosenberg Matthew Hamilton now owns 205 shares of the communications equipment provider’s stock valued at $50,000 after buying an additional 68 shares in the last quarter. Finally, DeDora Capital Inc. acquired a new stake in Motorola Solutions in the 1st quarter valued at $51,000. 83.96% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on MSI shares. Morgan Stanley lowered Motorola Solutions from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $240.00 to $260.00 in a research note on Wednesday. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Barclays increased their price target on Motorola Solutions to $305.00 in a report on Tuesday, August 9th. Credit Suisse Group upped their price objective on Motorola Solutions to $301.00 in a research report on Tuesday, August 9th. Finally, Cowen upped their price objective on Motorola Solutions to $311.00 in a research report on Tuesday, August 9th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $289.33.
Insider Activity at Motorola Solutions
In other Motorola Solutions news, CEO Gregory Q. Brown sold 100,000 shares of Motorola Solutions stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $254.14, for a total transaction of $25,414,000.00. Following the transaction, the chief executive officer now directly owns 70,308 shares of the company’s stock, valued at approximately $17,868,075.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Motorola Solutions news, SVP Cynthia Yazdi sold 500 shares of Motorola Solutions stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $254.29, for a total transaction of $127,145.00. Following the transaction, the senior vice president now directly owns 7,174 shares of the company’s stock, valued at approximately $1,824,276.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory Q. Brown sold 100,000 shares of Motorola Solutions stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $254.14, for a total value of $25,414,000.00. Following the transaction, the chief executive officer now directly owns 70,308 shares in the company, valued at $17,868,075.12. The disclosure for this sale can be found here. Insiders have sold a total of 224,377 shares of company stock valued at $57,064,982 in the last 90 days. 1.85% of the stock is owned by corporate insiders.
Motorola Solutions Stock Down 1.5 %
NYSE MSI opened at $242.31 on Thursday. Motorola Solutions, Inc. has a twelve month low of $195.18 and a twelve month high of $273.65. The company has a market cap of $40.54 billion, a price-to-earnings ratio of 34.97, a price-to-earnings-growth ratio of 3.06 and a beta of 0.91. The business’s fifty day moving average is $237.93 and its 200 day moving average is $226.46.
Motorola Solutions (NYSE:MSI – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The communications equipment provider reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.20. Motorola Solutions had a negative return on equity of 571.78% and a net margin of 14.22%. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the business posted $1.94 EPS. Motorola Solutions’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Motorola Solutions, Inc. will post 9.09 earnings per share for the current fiscal year.
Motorola Solutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Wednesday, September 14th. Motorola Solutions’s dividend payout ratio (DPR) is 45.60%.
About Motorola Solutions
Motorola Solutions, Inc provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation, and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.
See Also
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