Teachers Retirement System of The State of Kentucky maintained its position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,796 shares of the communications equipment provider’s stock at the close of the 2nd quarter. Teachers Retirement System of The State of Kentucky’s holdings in Motorola Solutions were worth $6,921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC raised its holdings in Motorola Solutions by 33.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock worth $104,000 after buying an additional 300 shares during the period. Iat Reinsurance Co. LTD. acquired a new position in shares of Motorola Solutions in the 1st quarter valued at about $123,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of Motorola Solutions in the 1st quarter valued at about $135,000. Exane Derivatives increased its holdings in shares of Motorola Solutions by 163.6% in the 2nd quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock valued at $140,000 after purchasing an additional 1,001 shares during the period. Finally, Smithfield Trust Co. increased its holdings in shares of Motorola Solutions by 2.7% in the 2nd quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock valued at $173,000 after purchasing an additional 53 shares during the period. Hedge funds and other institutional investors own 87.68% of the company’s stock.

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

A number of brokerages have recently weighed in on MSI. Credit Suisse Group set a $95.00 target price on Motorola Solutions and gave the company a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Thursday, July 27th. BMO Capital Markets upped their target price on Motorola Solutions from $95.00 to $102.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Deutsche Bank AG upped their target price on Motorola Solutions from $73.00 to $78.00 and gave the company a “hold” rating in a report on Monday, August 7th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $105.00 target price (up previously from $100.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $94.08.

Shares of Motorola Solutions, Inc. (NYSE:MSI) opened at 84.10 on Thursday. The company has a market cap of $13.68 billion, a PE ratio of 22.18 and a beta of 0.33. Motorola Solutions, Inc. has a 12 month low of $71.24 and a 12 month high of $93.75. The firm’s 50-day moving average price is $87.43 and its 200-day moving average price is $85.89.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.07. The firm had revenue of $1.50 billion for 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 business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 EPS. Equities analysts predict that Motorola Solutions, Inc. will post $5.29 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Thursday, September 14th. Motorola Solutions’s dividend payout ratio (DPR) is 49.60%.

WARNING: “Motorola Solutions, Inc. (MSI) Holdings Held by Teachers Retirement System of The State of Kentucky” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://www.thecerbatgem.com/2017/09/28/motorola-solutions-inc-msi-holdings-held-by-teachers-retirement-system-of-the-state-of-kentucky.html.

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.

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

Receive News & Stock Ratings for Motorola Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions Inc. and related stocks with our FREE daily email newsletter.