KBC Group NV cut its holdings in Motorola Solutions Inc (NYSE:MSI) by 20.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 225,044 shares of the communications equipment provider’s stock after selling 56,184 shares during the period. KBC Group NV owned about 0.14% of Motorola Solutions worth $19,099,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MSI. Russell Investments Group Ltd. raised its holdings in shares of Motorola Solutions by 9.7% in the second quarter. Russell Investments Group Ltd. now owns 244,613 shares of the communications equipment provider’s stock valued at $21,217,000 after purchasing an additional 21,535 shares during the last quarter. ING Groep NV acquired a new position in Motorola Solutions during the second quarter worth $255,000. Sumitomo Mitsui Asset Management Company LTD increased its holdings in Motorola Solutions by 2.0% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,940 shares of the communications equipment provider’s stock worth $1,122,000 after buying an additional 253 shares during the last quarter. NGAM Advisors L.P. increased its holdings in Motorola Solutions by 7.6% during the second quarter. NGAM Advisors L.P. now owns 38,050 shares of the communications equipment provider’s stock worth $3,300,000 after buying an additional 2,678 shares during the last quarter. Finally, IBM Retirement Fund increased its holdings in Motorola Solutions by 34.0% during the second quarter. IBM Retirement Fund now owns 2,458 shares of the communications equipment provider’s stock worth $213,000 after buying an additional 624 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

A number of brokerages recently weighed in on MSI. Cowen restated a “market perform” rating and set a $83.00 target price (up from $75.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Jefferies Group restated a “buy” rating and set a $105.00 target price (up from $100.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Motorola Solutions from a “sell” rating to a “hold” rating and set a $99.00 target price on the stock in a report on Tuesday, August 8th. BMO Capital Markets boosted their target price 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. Finally, ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $95.08.

In other Motorola Solutions news, EVP Bruce W. Brda sold 5,916 shares of Motorola Solutions stock in a transaction on Monday, November 6th. The shares were sold at an average price of $92.41, for a total transaction of $546,697.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $94.32, for a total transaction of $4,716,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 283,456 shares of company stock valued at $26,116,985. Company insiders own 2.50% of the company’s stock.

Motorola Solutions Inc (MSI) opened at $93.03 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of -5.41. Motorola Solutions Inc has a 52-week low of $76.92 and a 52-week high of $94.96. The company has a market cap of $15,242.56, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 4.19 and a beta of 0.35.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the business posted $1.37 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. equities analysts predict that Motorola Solutions Inc will post 5.14 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.24%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, December 14th. Motorola Solutions’s payout ratio is 48.08%.

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Motorola Solutions 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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