Saxon Interests Inc. Cuts Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Saxon Interests Inc. reduced its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,913 shares of the communications equipment provider’s stock after selling 84 shares during the quarter. Saxon Interests Inc.’s holdings in Motorola Solutions were worth $1,759,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. MFA Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions in the 2nd quarter worth about $25,000. Beacon Capital Management LLC boosted its position in Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 28 shares during the last quarter. LRI Investments LLC grew its stake in Motorola Solutions by 871.4% in the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 61 shares during the period. Crewe Advisors LLC purchased a new stake in Motorola Solutions in the 1st quarter worth approximately $28,000. Finally, Rise Advisors LLC purchased a new position in shares of Motorola Solutions during the 1st quarter worth $29,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Bank of America increased their target price on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Barclays boosted their target price on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Evercore ISI increased their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Motorola Solutions presently has an average rating of “Buy” and a consensus target price of $466.17.

Motorola Solutions Trading Up 0.9 %

NYSE MSI traded up $4.25 during mid-day trading on Wednesday, hitting $462.16. The company’s stock had a trading volume of 105,719 shares, compared to its average volume of 665,967. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. Motorola Solutions, Inc. has a 52-week low of $271.73 and a 52-week high of $463.00. The stock’s fifty day simple moving average is $432.24 and its two-hundred day simple moving average is $390.54. The firm has a market capitalization of $77.09 billion, a P/E ratio of 56.60, a price-to-earnings-growth ratio of 3.90 and a beta of 0.97.

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

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

Insiders Place Their Bets

In other news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the completion of the sale, the chief operating officer now owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.

About Motorola Solutions

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.