Motorola Solutions, Inc. (MSI) Shares Bought by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale lifted its stake in Motorola Solutions, Inc. (NYSE:MSI) by 11.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 485,519 shares of the communications equipment provider’s stock after acquiring an additional 48,099 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.30% of Motorola Solutions worth $42,875,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Motorola Solutions by 1.6% in the second quarter. Vanguard Group Inc. now owns 16,290,817 shares of the communications equipment provider’s stock worth $1,413,066,000 after acquiring an additional 254,399 shares during the period. Lazard Asset Management LLC grew its stake in shares of Motorola Solutions by 6.7% in the second quarter. Lazard Asset Management LLC now owns 9,589,218 shares of the communications equipment provider’s stock worth $831,768,000 after acquiring an additional 600,229 shares during the period. State Street Corp grew its stake in shares of Motorola Solutions by 1.8% in the second quarter. State Street Corp now owns 7,734,797 shares of the communications equipment provider’s stock worth $670,905,000 after acquiring an additional 135,926 shares during the period. Parnassus Investments CA grew its stake in shares of Motorola Solutions by 0.7% in the third quarter. Parnassus Investments CA now owns 5,649,582 shares of the communications equipment provider’s stock worth $479,480,000 after acquiring an additional 41,541 shares during the period. Finally, Neuberger Berman Group LLC grew its stake in shares of Motorola Solutions by 2.1% in the second quarter. Neuberger Berman Group LLC now owns 5,458,346 shares of the communications equipment provider’s stock worth $473,457,000 after acquiring an additional 110,330 shares during the period. Hedge funds and other institutional investors own 88.04% of the company’s stock.
In other Motorola Solutions news, EVP Bruce W. Brda sold 5,916 shares of Motorola Solutions stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $92.41, for a total transaction of $546,697.56. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.50% of the stock is owned by insiders.
MSI has been the subject of a number of research analyst reports. Credit Suisse Group set a $95.00 price target on shares of Motorola Solutions and gave the stock a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Thursday, July 27th. Jefferies Group LLC reiterated a “buy” rating and issued a $105.00 price target on shares of Motorola Solutions in a research note on Tuesday, August 22nd. Finally, Cleveland Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research note on Friday, October 6th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Motorola Solutions presently has a consensus rating of “Buy” and a consensus price target of $95.08.
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Shares of Motorola Solutions, Inc. (NYSE MSI) traded up $0.30 during midday trading on Tuesday, reaching $91.37. 782,100 shares of the company traded hands, compared to its average volume of 1,083,533. The company has a debt-to-equity ratio of -5.41, a current ratio of 1.30 and a quick ratio of 1.16. The company has a market capitalization of $14,753.32, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 4.06 and a beta of 0.33. Motorola Solutions, Inc. has a 12 month low of $76.92 and a 12 month high of $94.94.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.13. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the firm earned $1.37 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. analysts predict that Motorola Solutions, Inc. will post 5.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.52 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.08 annualized dividend and a yield of 2.28%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.47. Motorola Solutions’s payout ratio is currently 48.08%.
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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