Sumitomo Mitsui Trust Holdings Inc. decreased its stake in Motorola Solutions, Inc. (NYSE:MSI) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 467,112 shares of the communications equipment provider’s stock after selling 778 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.29% of Motorola Solutions worth $40,517,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Motorola Solutions by 2.8% in the first quarter. Vanguard Group Inc. now owns 16,036,418 shares of the communications equipment provider’s stock valued at $1,382,661,000 after buying an additional 444,109 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Motorola Solutions by 54.6% in the first quarter. Lazard Asset Management LLC now owns 8,988,989 shares of the communications equipment provider’s stock valued at $775,030,000 after buying an additional 3,174,388 shares during the last quarter. State Street Corp increased its position in shares of Motorola Solutions by 1.5% in the first quarter. State Street Corp now owns 7,598,871 shares of the communications equipment provider’s stock valued at $655,179,000 after buying an additional 114,685 shares during the last quarter. Parnassus Investments CA increased its position in shares of Motorola Solutions by 3.6% in the first quarter. Parnassus Investments CA now owns 7,319,437 shares of the communications equipment provider’s stock valued at $614,408,000 after buying an additional 256,152 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its position in shares of Motorola Solutions by 5.6% in the first quarter. Artisan Partners Limited Partnership now owns 2,215,956 shares of the communications equipment provider’s stock valued at $191,060,000 after buying an additional 118,031 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Shares of Motorola Solutions, Inc. (NYSE:MSI) opened at 86.88 on Friday. Motorola Solutions, Inc. has a one year low of $71.24 and a one year high of $93.75. The stock has a market capitalization of $14.13 billion, a PE ratio of 22.91 and a beta of 0.32. The firm has a 50-day moving average price of $88.86 and a 200 day moving average price of $84.95.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. On average, equities analysts expect that Motorola Solutions, Inc. will post $5.29 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.88 annualized dividend and a dividend yield of 2.16%. Motorola Solutions’s dividend payout ratio is 49.60%.

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MSI has been the subject of several research analyst reports. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Thursday, July 27th. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Tuesday, May 30th. Citigroup Inc. reaffirmed a “buy” rating and set a $102.00 target price (up from $93.00) on shares of Motorola Solutions in a research note on Friday, May 5th. BMO Capital Markets upped their target price on Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Finally, Cowen and Company reduced their target price on Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating for the company in a research note on Monday, May 15th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Motorola Solutions currently has an average rating of “Buy” and an average target price of $94.33.

In related news, EVP Bruce W. Brda sold 25,299 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the completion of the sale, the executive vice president now directly owns 23,829 shares in the company, valued at $2,123,402.19. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Eduardo F. Conrado sold 6,998 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total value of $623,731.74. Following the sale, the executive vice president now owns 22,858 shares of the company’s stock, valued at $2,037,333.54. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

Motorola Solutions Company Profile

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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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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