National Pension Service boosted its position in Motorola Solutions Inc. (NYSE:MSI) by 9.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 132,385 shares of the company’s stock after buying an additional 11,409 shares during the period. National Pension Service owned approximately 0.08% of Motorola Solutions worth $10,098,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its stake in shares of Motorola Solutions by 7.5% in the second quarter. State of Alaska Department of Revenue now owns 6,615 shares of the company’s stock worth $436,000 after buying an additional 459 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Motorola Solutions by 4.9% in the second quarter. Nordea Investment Management AB now owns 5,261 shares of the company’s stock worth $347,000 after buying an additional 248 shares during the last quarter. Telemus Capital LLC increased its stake in shares of Motorola Solutions by 5.4% in the second quarter. Telemus Capital LLC now owns 3,405 shares of the company’s stock worth $225,000 after buying an additional 173 shares during the last quarter. First Manhattan Co. increased its stake in shares of Motorola Solutions by 2.6% in the second quarter. First Manhattan Co. now owns 30,860 shares of the company’s stock worth $2,035,000 after buying an additional 780 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. increased its stake in shares of Motorola Solutions by 1.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 190,939 shares of the company’s stock worth $12,597,000 after buying an additional 2,519 shares during the last quarter. Hedge funds and other institutional investors own 84.05% of the company’s stock.
Shares of Motorola Solutions Inc. (NYSE:MSI) traded down 0.24% during mid-day trading on Thursday, hitting $83.07. 524,465 shares of the stock traded hands. The stock has a market cap of $13.79 billion, a price-to-earnings ratio of 24.51 and a beta of 0.43. The firm’s 50-day moving average is $77.71 and its 200-day moving average is $73.22. Motorola Solutions Inc. has a 52 week low of $59.13 and a 52 week high of $83.57.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.17. Motorola Solutions had a negative return on equity of 190.73% and a net margin of 10.19%. The firm earned $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. On average, analysts forecast that Motorola Solutions Inc. will post $4.77 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 15th will be given a $0.47 dividend. The ex-dividend date is Tuesday, December 13th. This represents a $1.88 annualized dividend and a yield of 2.26%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.41. Motorola Solutions’s payout ratio is presently 48.09%.
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MSI has been the subject of a number of research reports. Credit Suisse Group AG reissued a “buy†rating and issued a $80.00 target price on shares of Motorola Solutions in a report on Friday, November 4th. BMO Capital Markets reissued a “market perform†rating and issued a $72.00 target price on shares of Motorola Solutions in a report on Thursday, August 18th. Zacks Investment Research cut shares of Motorola Solutions from a “buy†rating to a “hold†rating in a report on Wednesday, October 5th. Finally, Jefferies Group reissued a “hold†rating on shares of Motorola Solutions in a report on Friday, September 2nd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold†and an average target price of $76.00.
Motorola Solutions Company Profile
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.
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