Amalgamated Bank Decreases Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Amalgamated Bank lessened its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,557 shares of the communications equipment provider’s stock after selling 1,079 shares during the period. Amalgamated Bank’s holdings in Motorola Solutions were worth $13,341,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MSI. Beacon Capital Management LLC raised its stake in Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 28 shares during the period. Range Financial Group LLC increased its stake in shares of Motorola Solutions by 2.0% in the second quarter. Range Financial Group LLC now owns 1,424 shares of the communications equipment provider’s stock worth $550,000 after purchasing an additional 28 shares in the last quarter. Pinnacle Associates Ltd. raised its position in shares of Motorola Solutions by 2.5% in the first quarter. Pinnacle Associates Ltd. now owns 1,228 shares of the communications equipment provider’s stock valued at $436,000 after purchasing an additional 30 shares during the period. Rehmann Capital Advisory Group lifted its stake in shares of Motorola Solutions by 1.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 2,910 shares of the communications equipment provider’s stock valued at $1,033,000 after buying an additional 30 shares in the last quarter. Finally, Forum Financial Management LP boosted its holdings in Motorola Solutions by 2.3% in the 2nd quarter. Forum Financial Management LP now owns 1,350 shares of the communications equipment provider’s stock worth $521,000 after buying an additional 30 shares during the period. Institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MSI. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Barclays lifted their target price on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Jefferies Financial Group increased their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, Evercore ISI boosted their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $466.17.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $436.58 on Thursday. Motorola Solutions, Inc. has a fifty-two week low of $269.64 and a fifty-two week high of $448.98. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. The stock has a market cap of $72.82 billion, a P/E ratio of 53.97, a price-to-earnings-growth ratio of 3.80 and a beta of 0.97. The firm’s fifty day moving average price is $416.69 and its 200-day moving average price is $379.65.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the business posted $2.41 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts expect that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Friday, September 13th. Motorola Solutions’s payout ratio is currently 48.45%.

Insiders Place Their Bets

In related news, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the transaction, the chief operating officer now owns 46,821 shares in the company, valued at approximately $19,079,557.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

Motorola Solutions Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.