National Pension Service boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 9.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 158,091 shares of the communications equipment provider’s stock after buying an additional 13,988 shares during the period. National Pension Service owned 0.10% of Motorola Solutions worth $13,722,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in MSI. Iat Reinsurance Co. LTD. purchased a new position in Motorola Solutions during the first quarter valued at $123,000. Mckinley Capital Management LLC Delaware bought a new position in shares of Motorola Solutions during the first quarter worth approximately $135,000. Ropes Wealth Advisors LLC boosted its position in shares of Motorola Solutions by 30.8% in the first quarter. Ropes Wealth Advisors LLC now owns 2,130 shares of the communications equipment provider’s stock worth $184,000 after buying an additional 502 shares during the period. Private Advisor Group LLC bought a new position in shares of Motorola Solutions during the first quarter worth approximately $202,000. Finally, SOL Capital Management CO bought a new position in shares of Motorola Solutions during the first quarter worth approximately $203,000. Institutional investors and hedge funds own 87.29% of the company’s stock.
Motorola Solutions, Inc. (MSI) opened at 90.37 on Friday. Motorola Solutions, Inc. has a 52 week low of $68.56 and a 52 week high of $93.75. The stock has a market capitalization of $14.77 billion, a P/E ratio of 24.98 and a beta of 0.32. The company’s 50-day moving average price is $88.17 and its 200 day moving average price is $84.24.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.07. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 96.01%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $1.03 earnings per share. Equities research analysts expect that Motorola Solutions, Inc. will post $5.20 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 15th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.08%. The ex-dividend date was Tuesday, June 13th. Motorola Solutions’s dividend payout ratio is presently 49.60%.
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A number of equities analysts have recently commented on MSI shares. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a report on Tuesday, May 30th. Citigroup Inc. reissued a “buy” rating and set a $102.00 price target (up from $93.00) on shares of Motorola Solutions in a research note on Friday, May 5th. Gabelli raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, May 8th. BMO Capital Markets reissued a “buy” rating on shares of Motorola Solutions in a research note on Friday, June 23rd. Finally, BidaskClub raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $91.46.
About Motorola Solutions
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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