Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Xponance Inc.

Xponance Inc. cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 18.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,334 shares of the communications equipment provider’s stock after selling 6,614 shares during the quarter. Xponance Inc.’s holdings in Motorola Solutions were worth $11,324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Swedbank AB increased its position in shares of Motorola Solutions by 215.7% during the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock worth $395,298,000 after acquiring an additional 699,615 shares during the period. Wulff Hansen & CO. raised its position in Motorola Solutions by 38,505.0% in the 2nd quarter. Wulff Hansen & CO. now owns 696,434 shares of the communications equipment provider’s stock valued at $268,858,000 after purchasing an additional 694,630 shares in the last quarter. Groupama Asset Managment purchased a new position in shares of Motorola Solutions in the 4th quarter valued at about $178,361,000. National Bank of Canada FI grew its position in shares of Motorola Solutions by 428.2% during the second quarter. National Bank of Canada FI now owns 501,601 shares of the communications equipment provider’s stock worth $193,798,000 after buying an additional 406,638 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd increased its stake 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 buying an additional 395,096 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Up 1.0 %

NYSE:MSI opened at $447.09 on Tuesday. 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, Inc. has a 52-week low of $269.64 and a 52-week high of $448.98. The stock’s 50 day moving average price is $419.80 and its 200 day moving average price is $382.25. The company has a market capitalization of $74.57 billion, a PE ratio of 55.26, a P/E/G ratio of 3.80 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.41 EPS. On average, research analysts anticipate 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 issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Friday, September 13th. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Insider Activity at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was 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 of the company’s stock, valued at $19,079,557.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MSI has been the subject of several analyst reports. Jefferies Financial Group boosted 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. JPMorgan Chase & Co. increased their target price on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Barclays upped their price objective on 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 raised their target price on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, Bank of America upped their price target on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Motorola Solutions presently has a consensus rating of “Buy” and a consensus price target of $466.17.

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.