Vontobel Holding Ltd. cut its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 8.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,956 shares of the communications equipment provider’s stock after selling 272 shares during the quarter. Vontobel Holding Ltd.’s holdings in Motorola Solutions were worth $556,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of MSI. Norges Bank acquired a new position in shares of Motorola Solutions during the fourth quarter worth about $301,555,000. Canada Pension Plan Investment Board increased its stake in shares of Motorola Solutions by 2,717.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 664,179 shares of the communications equipment provider’s stock worth $112,950,000 after acquiring an additional 640,605 shares during the period. Alliancebernstein L.P. increased its stake in shares of Motorola Solutions by 33.5% during the first quarter. Alliancebernstein L.P. now owns 2,434,507 shares of the communications equipment provider’s stock worth $457,809,000 after acquiring an additional 611,524 shares during the period. Mackenzie Financial Corp increased its stake in shares of Motorola Solutions by 75.6% during the fourth quarter. Mackenzie Financial Corp now owns 1,235,218 shares of the communications equipment provider’s stock worth $210,061,000 after acquiring an additional 531,754 shares during the period. Finally, Lazard Freres Gestion S.A.S. acquired a new position in shares of Motorola Solutions during the fourth quarter worth about $63,182,000. Institutional investors own 84.59% of the company’s stock.
A number of research analysts have recently issued reports on MSI shares. Citigroup boosted their price target on shares of Motorola Solutions from $210.00 to $225.00 in a research note on Friday, May 7th. Morgan Stanley began coverage on shares of Motorola Solutions in a research note on Monday, April 12th. They set an “equal weight” rating and a $210.00 price target on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on shares of Motorola Solutions from $210.00 to $225.00 in a report on Friday, May 7th. Barclays lifted their price target on shares of Motorola Solutions from $210.00 to $239.00 and gave the company an “overweight” rating in a research report on Tuesday, May 11th. Finally, Raymond James upped their price target on Motorola Solutions from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, May 7th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Motorola Solutions presently has an average rating of “Buy” and a consensus price target of $198.46.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, May 6th. The communications equipment provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.42. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.75 billion. Motorola Solutions had a negative return on equity of 203.20% and a net margin of 13.22%. Motorola Solutions’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.49 earnings per share. Equities research analysts forecast that Motorola Solutions, Inc. will post 8.08 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Tuesday, June 15th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Monday, June 14th. Motorola Solutions’s payout ratio is 39.89%.
In other news, CAO Daniel G. Pekofske sold 1,564 shares of Motorola Solutions stock in a transaction on Monday, May 10th. The stock was sold at an average price of $200.00, for a total value of $312,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Rajan Naik sold 6,370 shares of Motorola Solutions stock in a transaction on Wednesday, May 12th. The shares were sold at an average price of $197.78, for a total value of $1,259,858.60. The disclosure for this sale can be found here. Insiders have sold 9,268 shares of company stock valued at $1,826,119 in the last three months. 2.25% of the stock is currently owned by company insiders.
About Motorola Solutions
Motorola Solutions, Inc provides mission critical communications and analytics in 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 security devices and infrastructure, as well as the implementation, optimization, and integration of systems, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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