Zuckerman Investment Group LLC cut its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,066 shares of the communications equipment provider’s stock after selling 2,474 shares during the quarter. Motorola Solutions comprises approximately 2.7% of Zuckerman Investment Group LLC’s investment portfolio, making the stock its 16th biggest holding. Zuckerman Investment Group LLC owned 0.08% of Motorola Solutions worth $10,869,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MSI. Gyroscope Capital Management Group LLC boosted its holdings in Motorola Solutions by 1.0% in the second quarter. Gyroscope Capital Management Group LLC now owns 3,347 shares of the communications equipment provider’s stock valued at $290,000 after purchasing an additional 32 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Motorola Solutions by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 10,408 shares of the communications equipment provider’s stock valued at $903,000 after purchasing an additional 34 shares during the last quarter. Pitcairn Co. boosted its holdings in Motorola Solutions by 0.5% in the second quarter. Pitcairn Co. now owns 8,990 shares of the communications equipment provider’s stock valued at $779,000 after purchasing an additional 42 shares during the last quarter. Rothschild Asset Management Inc. boosted its holdings in Motorola Solutions by 0.8% in the second quarter. Rothschild Asset Management Inc. now owns 6,597 shares of the communications equipment provider’s stock valued at $572,000 after purchasing an additional 51 shares during the last quarter. Finally, Smithfield Trust Co. boosted its holdings in Motorola Solutions by 2.7% in the second quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock valued at $173,000 after purchasing an additional 53 shares during the last quarter. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Gregory Q. Brown sold 100,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $92.57, for a total transaction of $9,257,000.00. Following the completion of the transaction, the chief executive officer now owns 99,015 shares in the company, valued at approximately $9,165,818.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory Q. Brown sold 75,019 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $90.91, for a total transaction of $6,819,977.29. Following the transaction, the chief executive officer now owns 183,312 shares of the company’s stock, valued at approximately $16,664,893.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 283,456 shares of company stock valued at $26,116,985. Insiders own 2.50% of the company’s stock.

Shares of Motorola Solutions Inc (NYSE:MSI) traded down $2.97 during trading on Wednesday, hitting $90.66. 1,428,500 shares of the company’s stock were exchanged, compared to its average volume of 1,068,690. The firm has a market capitalization of $15,168.04, a P/E ratio of 18.22, a P/E/G ratio of 4.17 and a beta of 0.35. Motorola Solutions Inc has a 1-year low of $76.92 and a 1-year high of $94.96. The company has a debt-to-equity ratio of -5.41, a quick ratio of 1.16 and a current ratio of 1.30.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.13. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.58 billion. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 earnings per share. sell-side analysts expect that Motorola Solutions Inc will post 5.14 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be given a $0.52 dividend. The ex-dividend date is Thursday, December 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.29%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.47. Motorola Solutions’s dividend payout ratio is 48.08%.

Several equities research analysts have commented on MSI shares. Jefferies Group upped their price target on shares of Motorola Solutions from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Finally, Cleveland Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a report on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Motorola Solutions presently has an average rating of “Buy” and an average price target of $95.08.

ILLEGAL ACTIVITY NOTICE: This report was first published by Watch List News and is the property of of Watch List News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/motorola-solutions-inc-msi-shares-sold-by-zuckerman-investment-group-llc/1747938.html.

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.

Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions Inc (NYSE:MSI).

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

Receive News & Ratings for Motorola Solutions Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.