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

Bank of Montreal Can lowered its position in Motorola Solutions, Inc. (NYSE:MSI) by 0.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 713,375 shares of the communications equipment provider’s stock after selling 5,408 shares during the period. Bank of Montreal Can’s holdings in Motorola Solutions were worth $278,473,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MSI. Evergreen Capital Management LLC acquired a new position in Motorola Solutions during the second quarter worth about $229,000. Public Sector Pension Investment Board increased its stake in shares of Motorola Solutions by 72.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 6,392 shares of the communications equipment provider’s stock worth $2,468,000 after purchasing an additional 2,680 shares in the last quarter. Cyrus J. Lawrence LLC raised its position in shares of Motorola Solutions by 0.8% during the 2nd quarter. Cyrus J. Lawrence LLC now owns 23,305 shares of the communications equipment provider’s stock worth $8,996,000 after purchasing an additional 182 shares during the last quarter. DRW Securities LLC acquired a new position in shares of Motorola Solutions during the 2nd quarter worth approximately $522,000. Finally, Fidelis Capital Partners LLC lifted its stake in Motorola Solutions by 4.3% in the 2nd quarter. Fidelis Capital Partners LLC now owns 2,201 shares of the communications equipment provider’s stock valued at $890,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Trading Up 0.9 %

Shares of MSI stock opened at $442.57 on Monday. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $448.98. The firm’s 50-day simple moving average is $418.74 and its 200-day simple moving average is $381.46. The firm has a market cap of $73.82 billion, a P/E ratio of 54.71, a PEG ratio of 3.80 and a beta of 0.97. 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 (NYSE:MSI) last posted its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The company 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 firm posted $2.41 earnings per share. Motorola Solutions’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be paid 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 yield of 0.89%. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MSI. Jefferies Financial Group raised their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Bank of America lifted their price objective 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 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. JPMorgan Chase & Co. lifted their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. 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 report on Friday, August 30th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $466.17.

Insiders Place Their Bets

In other news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was 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 in the company, valued at approximately $19,079,557.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by 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.