Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 713,375 shares of the communications equipment provider’s stock after selling 5,408 shares during the quarter. Bank of Montreal Can owned approximately 0.43% of Motorola Solutions worth $278,473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of MSI. Capital World Investors raised its stake in Motorola Solutions by 0.4% during the 4th quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock worth $3,812,424,000 after acquiring an additional 44,279 shares in the last quarter. Raymond James & Associates increased its position in shares of Motorola Solutions by 3.7% during the second quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock worth $895,494,000 after purchasing an additional 82,044 shares in the last quarter. Alphinity Investment Management Pty Ltd increased its position in shares of Motorola Solutions by 36.5% during the first quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock worth $524,929,000 after purchasing an additional 395,096 shares in the last quarter. Swedbank AB lifted its holdings in shares of Motorola Solutions by 215.7% in the 2nd quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after purchasing an additional 699,615 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Motorola Solutions by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider’s stock valued at $383,614,000 after purchasing an additional 4,984 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insiders Place Their Bets

In other news, COO John P. Molloy sold 23,985 shares of the stock in a transaction dated 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 completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Motorola Solutions Trading Up 0.9 %

Shares of Motorola Solutions stock opened at $442.57 on Monday. The firm has a market cap of $73.82 billion, a price-to-earnings ratio of 54.71, a price-to-earnings-growth ratio of 3.80 and a beta of 0.97. Motorola Solutions, Inc. has a 52-week low of $269.64 and a 52-week high of $448.98. The company’s 50-day simple moving average is $418.74 and its 200-day simple moving average is $381.46. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03.

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

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is currently 48.45%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MSI. Evercore ISI boosted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Bank of America upped their price target on shares of Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Barclays raised their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped 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. Finally, JPMorgan Chase & Co. raised their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $466.17.

Motorola Solutions Company 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.