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.

COPYRIGHT VIOLATION NOTICE: “Motorola Solutions, Inc. (MSI) Shares Bought by DekaBank Deutsche Girozentrale” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/11/14/motorola-solutions-inc-msi-shares-bought-by-dekabank-deutsche-girozentrale.html.

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.

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.