State Treasurer State of Michigan Decreases Position in Motorola Solutions, Inc. (MSI)

State Treasurer State of Michigan trimmed its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 49,323 shares of the communications equipment provider’s stock after selling 4,400 shares during the quarter. State Treasurer State of Michigan’s holdings in Motorola Solutions were worth $4,186,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Gyroscope Capital Management Group LLC grew its position in Motorola Solutions by 1.0% during the 2nd 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 grew its position in Motorola Solutions by 0.3% during the 2nd 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. grew its position in Motorola Solutions by 0.5% during the 2nd 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. Capital Investment Advisors LLC grew its position in Motorola Solutions by 1.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 3,091 shares of the communications equipment provider’s stock valued at $268,000 after purchasing an additional 46 shares during the last quarter. Finally, Rothschild Asset Management Inc. grew its position in Motorola Solutions by 0.8% during the 2nd 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. 87.44% of the stock is currently owned by institutional investors.

Shares of Motorola Solutions, Inc. (MSI) opened at 91.19 on Friday. 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 $14.83 billion, a P/E ratio of 24.05 and a beta of 0.31. The stock’s 50 day moving average is $87.22 and its 200-day moving average is $86.67.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 15th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.06%. Motorola Solutions’s payout ratio is 49.60%.

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MSI has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Cleveland Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Jefferies Group LLC reissued a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 31st. Finally, Credit Suisse Group set a $95.00 price objective on shares of Motorola Solutions and gave the company a “buy” rating in a research report on Thursday, July 27th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $94.42.

In related news, EVP Eduardo F. Conrado sold 6,998 shares of the company’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 sale, the executive vice president now owns 22,858 shares in the company, valued at $2,037,333.54. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now 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 currently owned by insiders.

Motorola Solutions Profile

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.

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

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