Gyroscope Capital Management Group LLC increased its stake in Motorola Solutions, Inc. (NYSE:MSI) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,347 shares of the communications equipment provider’s stock after buying an additional 32 shares during the quarter. Gyroscope Capital Management Group LLC’s holdings in Motorola Solutions were worth $290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sun Life Financial INC boosted its holdings in shares of Motorola Solutions by 14,800.0% in the 2nd quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock valued at $103,000 after buying an additional 1,184 shares during the last quarter. Acrospire Investment Management LLC boosted its holdings in shares of Motorola Solutions by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock valued at $104,000 after buying an additional 300 shares during the last quarter. Exane Derivatives boosted its holdings in shares of Motorola Solutions by 163.6% in the 2nd quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock valued at $140,000 after buying an additional 1,001 shares during the last quarter. Smithfield Trust Co. boosted its holdings in shares of Motorola Solutions by 2.7% in the 2nd quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock valued at $173,000 after buying an additional 53 shares during the last quarter. Finally, Williams Jones & Associates LLC acquired a new stake in shares of Motorola Solutions in the 2nd quarter valued at approximately $201,000. 87.68% of the stock is owned by institutional investors.

Several research firms have recently commented on MSI. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Wednesday, September 6th. Jefferies Group LLC reissued a “buy” rating and issued a $105.00 price objective on shares of Motorola Solutions in a report on Tuesday, August 22nd. Deutsche Bank AG increased their price objective on Motorola Solutions from $73.00 to $78.00 and gave the company a “hold” rating in a report on Monday, August 7th. Cowen and Company reissued a “market perform” rating and issued a $83.00 price objective (up previously from $75.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Finally, ValuEngine downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Motorola Solutions currently has an average rating of “Buy” and an average target price of $94.08.

In other news, EVP Eduardo F. Conrado sold 6,998 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total transaction of $623,731.74. Following the transaction, the executive vice president now owns 22,858 shares of the company’s stock, valued at approximately $2,037,333.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 23,829 shares in the company, valued at approximately $2,123,402.19. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

Shares of Motorola Solutions, Inc. (NYSE:MSI) traded up 4.00% during midday trading on Friday, reaching $89.44. The company’s stock had a trading volume of 2,118,229 shares. The firm has a 50-day moving average of $86.03 and a 200-day moving average of $86.08. Motorola Solutions, Inc. has a one year low of $71.24 and a one year high of $93.75. The stock has a market cap of $14.55 billion, a PE ratio of 23.59 and a beta of 0.31.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. On average, analysts forecast that Motorola Solutions, Inc. will post $5.29 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.10%. Motorola Solutions’s dividend payout ratio is presently 49.60%.

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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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