Thrivent Financial for Lutherans Lowers Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Thrivent Financial for Lutherans trimmed its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,318 shares of the communications equipment provider’s stock after selling 737 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Motorola Solutions were worth $11,318,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC purchased a new stake in Motorola Solutions in the second quarter valued at $25,000. Beacon Capital Management LLC boosted its holdings in Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 28 shares during the last quarter. LRI Investments LLC boosted its holdings in Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Crewe Advisors LLC purchased a new stake in Motorola Solutions in the first quarter valued at $28,000. Finally, Rise Advisors LLC purchased a new stake in shares of Motorola Solutions during the 1st quarter worth about $29,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MSI. Deutsche Bank Aktiengesellschaft increased their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. increased their target price 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. Bank of America increased their target price on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Jefferies Financial Group upped their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $466.17.

Motorola Solutions Stock Up 0.1 %

MSI stock opened at $450.49 on Thursday. The company has a market cap of $75.14 billion, a price-to-earnings ratio of 55.68, a PEG ratio of 3.90 and a beta of 0.97. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $452.00. The firm has a 50-day moving average of $420.88 and a two-hundred day moving average of $383.06.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data 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 company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. Motorola Solutions’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.41 EPS. As a group, analysts forecast that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.87%. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Insider Transactions at Motorola Solutions

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 in the company, valued at approximately $19,079,557.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

Motorola Solutions 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.