Ropes Wealth Advisors LLC Sells 2,324 Shares of Motorola Solutions Inc (MSI)
Ropes Wealth Advisors LLC cut its holdings in shares of Motorola Solutions Inc (NYSE:MSI) by 42.7% in the 1st quarter, Holdings Channel reports. The firm owned 3,123 shares of the communications equipment provider’s stock after selling 2,324 shares during the period. Ropes Wealth Advisors LLC’s holdings in Motorola Solutions were worth $439,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its stake in Motorola Solutions by 358.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 31,885 shares of the communications equipment provider’s stock valued at $3,668,000 after purchasing an additional 24,923 shares during the last quarter. Advisor Partners LLC lifted its stake in Motorola Solutions by 3.1% during the fourth quarter. Advisor Partners LLC now owns 5,436 shares of the communications equipment provider’s stock valued at $625,000 after purchasing an additional 166 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Motorola Solutions by 0.3% during the fourth quarter. Great West Life Assurance Co. Can now owns 258,370 shares of the communications equipment provider’s stock valued at $28,834,000 after purchasing an additional 850 shares during the last quarter. Norinchukin Bank The lifted its stake in Motorola Solutions by 42.0% during the fourth quarter. Norinchukin Bank The now owns 30,726 shares of the communications equipment provider’s stock valued at $3,535,000 after purchasing an additional 9,086 shares during the last quarter. Finally, Neuburgh Advisers LLC lifted its position in shares of Motorola Solutions by 2.9% in the 4th quarter. Neuburgh Advisers LLC now owns 73,264 shares of the communications equipment provider’s stock valued at $8,428,000 after acquiring an additional 2,080 shares in the last quarter. 87.40% of the stock is owned by institutional investors and hedge funds.
In other Motorola Solutions news, EVP John P. Molloy sold 79,995 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $139.42, for a total value of $11,152,902.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly S. Mark sold 13,600 shares of the stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $142.71, for a total transaction of $1,940,856.00. The disclosure for this sale can be found here. 2.99% of the stock is owned by corporate insiders.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, February 7th. The communications equipment provider reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.22. Motorola Solutions had a net margin of 13.17% and a negative return on equity of 82.33%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the firm earned $2.10 EPS. The company’s revenue was up 15.2% compared to the same quarter last year. As a group, analysts expect that Motorola Solutions Inc will post 7.36 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be given a $0.57 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 1.59%. Motorola Solutions’s payout ratio is 33.38%.
Several equities research analysts recently commented on the stock. ValuEngine upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Credit Suisse Group restated a “buy” rating and issued a $134.00 price target on shares of Motorola Solutions in a research report on Wednesday, January 16th. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research report on Monday, December 17th. BTIG Research upped their price target on shares of Motorola Solutions from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Deutsche Bank upped their price target on shares of Motorola Solutions to $150.00 and gave the company a “buy” rating in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $136.73.
Motorola Solutions Profile
Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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