ING Groep NV Invests $255,000 in Motorola Solutions, Inc. (MSI)
ING Groep NV purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,945 shares of the communications equipment provider’s stock, valued at approximately $255,000.
Several other hedge funds have also recently modified their holdings of the stock. Capital Investment Advisors LLC raised its stake in shares of Motorola Solutions by 6.5% in the first quarter. Capital Investment Advisors LLC now owns 3,045 shares of the communications equipment provider’s stock worth $263,000 after buying an additional 186 shares during the period. Reliance Trust Co. of Delaware raised its stake in shares of Motorola Solutions by 71.7% in the first quarter. Reliance Trust Co. of Delaware now owns 12,151 shares of the communications equipment provider’s stock worth $1,048,000 after buying an additional 5,073 shares during the period. Washington Trust Bank raised its stake in shares of Motorola Solutions by 26,343.8% in the first quarter. Washington Trust Bank now owns 4,231 shares of the communications equipment provider’s stock worth $365,000 after buying an additional 4,215 shares during the period. Americafirst Capital Management LLC purchased a new stake in shares of Motorola Solutions during the first quarter worth approximately $859,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Motorola Solutions during the first quarter worth approximately $328,000. Institutional investors own 87.27% of the company’s stock.
Motorola Solutions, Inc. (MSI) traded up 0.56% during mid-day trading on Friday, hitting $87.48. The company had a trading volume of 806,014 shares. The company’s 50 day moving average price is $88.93 and its 200-day moving average price is $84.60. Motorola Solutions, Inc. has a 12-month low of $71.24 and a 12-month high of $93.75. The firm has a market capitalization of $14.23 billion, a PE ratio of 23.07 and a beta of 0.32.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.07. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the firm earned $1.03 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts forecast that Motorola Solutions, Inc. will post $5.28 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were paid a $0.47 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $1.88 annualized dividend and a yield of 2.15%. Motorola Solutions’s dividend payout ratio (DPR) is 49.60%.
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A number of analysts have recently commented on the company. Credit Suisse Group set a $95.00 price target on Motorola Solutions and gave the company a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a report on Thursday, July 27th. BMO Capital Markets boosted their price target on Motorola Solutions from $95.00 to $102.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Deutsche Bank AG boosted their price target on Motorola Solutions from $73.00 to $78.00 and gave the company a “hold” rating in a report on Monday, August 7th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $105.00 price target (up from $100.00) on shares of Motorola Solutions in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $94.33.
In other Motorola Solutions news, EVP Bruce W. Brda sold 25,299 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.11, for a total value of $2,254,393.89. Following the completion of the sale, the executive vice president now owns 23,829 shares in the company, valued at approximately $2,123,402.19. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Eduardo F. Conrado sold 6,998 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the sale, the executive vice president now owns 22,858 shares of the company’s stock, valued at approximately $2,037,333.54. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
About Motorola Solutions
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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