Schwab Charles Investment Management Inc. increased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 624,195 shares of the communications equipment provider’s stock after buying an additional 38,642 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.38% of Motorola Solutions worth $54,143,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MSI. Lazard Asset Management LLC increased its holdings in Motorola Solutions by 54.6% in the 1st quarter. Lazard Asset Management LLC now owns 8,988,989 shares of the communications equipment provider’s stock worth $775,030,000 after buying an additional 3,174,388 shares during the period. Renaissance Technologies LLC increased its holdings in Motorola Solutions by 51.5% in the 1st quarter. Renaissance Technologies LLC now owns 1,797,415 shares of the communications equipment provider’s stock worth $154,973,000 after buying an additional 610,650 shares during the period. Vanguard Group Inc. increased its holdings in Motorola Solutions by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 16,036,418 shares of the communications equipment provider’s stock worth $1,382,661,000 after buying an additional 444,109 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Motorola Solutions by 209.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 591,919 shares of the communications equipment provider’s stock worth $51,036,000 after buying an additional 400,519 shares during the period. Finally, Morgan Stanley increased its holdings in Motorola Solutions by 75.0% in the 1st quarter. Morgan Stanley now owns 677,413 shares of the communications equipment provider’s stock worth $58,406,000 after buying an additional 290,336 shares during the period. Institutional investors own 87.70% of the company’s stock.

Shares of Motorola Solutions, Inc. (NYSE MSI) opened at 87.87 on Monday. Motorola Solutions, Inc. has a 52 week low of $71.24 and a 52 week high of $93.75. The firm has a market cap of $14.29 billion, a PE ratio of 23.17 and a beta of 0.33. The stock’s 50 day moving average is $88.82 and its 200-day moving average is $85.29.

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

The firm 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. This represents a $1.88 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, September 14th. Motorola Solutions’s dividend payout ratio is presently 49.60%.

MSI has been the topic of several research reports. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a report on Tuesday, August 29th. BMO Capital Markets increased their price target on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. BidaskClub upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Jefferies Group LLC reiterated a “buy” rating on shares of Motorola Solutions in a report on Thursday. Finally, Credit Suisse Group set a $95.00 price target on shares of Motorola Solutions and gave the stock a “buy” rating in a report on Thursday, July 27th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $94.17.

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In related news, EVP Bruce W. Brda sold 25,299 shares of the company’s 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 transaction, the executive vice president now owns 23,829 shares of the company’s stock, valued at $2,123,402.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eduardo F. Conrado sold 6,998 shares of the company’s 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 transaction, the executive vice president now directly owns 22,858 shares in the company, valued at approximately $2,037,333.54. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

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.

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

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