Tdam USA Inc. maintained its stake in Motorola Solutions, Inc. (NYSE:MSI) during the second quarter, Holdings Channel reports. The firm owned 2,862 shares of the communications equipment provider’s stock at the end of the second quarter. Tdam USA Inc.’s holdings in Motorola Solutions were worth $248,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC raised its stake in Motorola Solutions by 54.6% in the first quarter. Lazard Asset Management LLC now owns 8,988,989 shares of the communications equipment provider’s stock valued at $775,030,000 after buying an additional 3,174,388 shares in the last quarter. Renaissance Technologies LLC raised its stake in Motorola Solutions by 51.5% in the first quarter. Renaissance Technologies LLC now owns 1,797,415 shares of the communications equipment provider’s stock valued at $154,973,000 after buying an additional 610,650 shares in the last quarter. Vanguard Group Inc. raised its stake in Motorola Solutions by 2.8% in the first quarter. Vanguard Group Inc. now owns 16,036,418 shares of the communications equipment provider’s stock valued at $1,382,661,000 after buying an additional 444,109 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Motorola Solutions by 209.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 591,919 shares of the communications equipment provider’s stock valued at $51,036,000 after buying an additional 400,519 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its stake in Motorola Solutions by 129.2% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 548,833 shares of the communications equipment provider’s stock valued at $47,320,000 after buying an additional 309,341 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Motorola Solutions, Inc. (MSI) opened at 86.99 on Friday. Motorola Solutions, Inc. has a 12-month low of $71.24 and a 12-month high of $93.75. The firm has a 50-day moving average of $88.92 and a 200-day moving average of $84.56. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of 22.94 and a beta of 0.32.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.07. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company posted $1.03 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts forecast that Motorola Solutions, Inc. will post $5.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, June 13th. This represents a $1.88 annualized dividend and a dividend yield of 2.16%. Motorola Solutions’s dividend payout ratio is 49.60%.

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MSI has been the topic of several recent research reports. Gabelli upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Monday, May 8th. Raymond James Financial, Inc. upgraded shares of Motorola Solutions from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $62.76 to $95.00 in a research report on Monday, May 22nd. They noted that the move was a valuation call. Citigroup Inc. reiterated a “buy” rating and issued a $102.00 price objective (up from $93.00) on shares of Motorola Solutions in a research report on Friday, May 5th. Cowen and Company decreased their price objective on shares of Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating on the stock in a research report on Monday, May 15th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Motorola Solutions in a research report on Friday, June 23rd. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $94.33.

In related news, EVP Eduardo F. Conrado sold 6,998 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total value of $623,731.74. Following the completion of the sale, the executive vice president now directly owns 22,858 shares in the company, valued at approximately $2,037,333.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bruce W. Brda sold 25,299 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was 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 of the company’s stock, valued at $2,123,402.19. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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