Motorola Solutions Inc (MSI) Shares Sold by Twin Capital Management Inc.
Twin Capital Management Inc. decreased its position in shares of Motorola Solutions Inc (NYSE:MSI) by 43.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,990 shares of the communications equipment provider’s stock after selling 4,638 shares during the quarter. Twin Capital Management Inc.’s holdings in Motorola Solutions were worth $697,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Glen Harbor Capital Management LLC lifted its holdings in Motorola Solutions by 3.8% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 98,384 shares of the communications equipment provider’s stock worth $11,449,000 after buying an additional 3,608 shares during the period. OppenheimerFunds Inc. lifted its holdings in Motorola Solutions by 16.4% in the 2nd quarter. OppenheimerFunds Inc. now owns 4,231,955 shares of the communications equipment provider’s stock worth $492,472,000 after buying an additional 596,941 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Motorola Solutions by 133.1% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 40,898 shares of the communications equipment provider’s stock worth $4,759,000 after buying an additional 23,349 shares during the period. Korea Investment CORP lifted its stake in shares of Motorola Solutions by 16.4% in the 2nd quarter. Korea Investment CORP now owns 128,508 shares of the communications equipment provider’s stock valued at $14,954,000 after purchasing an additional 18,100 shares during the period. Finally, KCM Investment Advisors LLC purchased a new position in shares of Motorola Solutions in the 2nd quarter valued at approximately $202,000. Hedge funds and other institutional investors own 86.22% of the company’s stock.
A number of research analysts have recently commented on the company. Credit Suisse Group set a $129.00 target price on Motorola Solutions and gave the company a “buy” rating in a research note on Tuesday, July 17th. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research note on Tuesday, July 24th. Argus raised their target price on Motorola Solutions to $140.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Northcoast Research set a $128.00 price objective on Motorola Solutions and gave the company a “buy” rating in a research note on Monday, August 6th. Finally, Cowen upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating and set a $138.00 price objective for the company in a research note on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. Motorola Solutions has an average rating of “Buy” and a consensus target price of $130.23.
NYSE:MSI traded up $0.62 during mid-day trading on Friday, hitting $126.76. 814,861 shares of the company traded hands, compared to its average volume of 751,622. Motorola Solutions Inc has a one year low of $82.86 and a one year high of $129.20. The company has a debt-to-equity ratio of -3.55, a quick ratio of 1.09 and a current ratio of 1.23. The firm has a market capitalization of $20.44 billion, a PE ratio of 24.38, a P/E/G ratio of 2.00 and a beta of 0.43.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, August 2nd. The communications equipment provider reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.09. Motorola Solutions had a negative return on equity of 70.84% and a negative net margin of 0.97%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. Motorola Solutions’s revenue for the quarter was up 17.6% on a year-over-year basis. equities analysts forecast that Motorola Solutions Inc will post 6.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 14th will be given a $0.52 dividend. The ex-dividend date is Thursday, September 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.64%. Motorola Solutions’s dividend payout ratio is currently 40.00%.
About Motorola Solutions
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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