Intech Investment Management LLC Trims Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Intech Investment Management LLC decreased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 48.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,263 shares of the communications equipment provider’s stock after selling 10,597 shares during the quarter. Intech Investment Management LLC’s holdings in Motorola Solutions were worth $4,348,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSI. Resolute Capital Asset Partners LLC acquired a new stake in shares of Motorola Solutions in the 2nd quarter valued at about $3,860,000. XTX Topco Ltd lifted its stake in Motorola Solutions by 5.8% in the second quarter. XTX Topco Ltd now owns 838 shares of the communications equipment provider’s stock valued at $324,000 after buying an additional 46 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Motorola Solutions by 7.1% in the second quarter. Hsbc Holdings PLC now owns 468,228 shares of the communications equipment provider’s stock valued at $181,284,000 after acquiring an additional 30,938 shares during the period. Elo Mutual Pension Insurance Co grew its position in shares of Motorola Solutions by 0.8% during the second quarter. Elo Mutual Pension Insurance Co now owns 15,287 shares of the communications equipment provider’s stock worth $5,902,000 after acquiring an additional 122 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Motorola Solutions by 5.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,252 shares of the communications equipment provider’s stock valued at $6,786,000 after acquiring an additional 973 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analysts Set New Price Targets

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

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 %

NYSE MSI opened at $442.57 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The stock has a market capitalization of $73.82 billion, a P/E ratio of 54.71, a P/E/G 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 firm has a 50-day moving average price of $418.74 and a 200 day moving average price of $381.15.

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

Motorola Solutions Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.92 annualized dividend and a dividend yield of 0.89%. Motorola Solutions’s payout ratio is currently 48.45%.

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.