Motorola Solutions Inc (MSI) Shares Bought by Legal & General Group Plc

Legal & General Group Plc boosted its position in Motorola Solutions Inc (NYSE:MSI) by 3.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 931,006 shares of the communications equipment provider’s stock after purchasing an additional 28,283 shares during the period. Legal & General Group Plc owned approximately 0.57% of Motorola Solutions worth $79,000,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MSI. Sun Life Financial INC lifted its position in Motorola Solutions by 14,800.0% in the second quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock worth $103,000 after purchasing an additional 1,184 shares during the period. Acrospire Investment Management LLC lifted its position in Motorola Solutions by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock worth $104,000 after purchasing an additional 300 shares during the period. Smithfield Trust Co. lifted its position 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 worth $173,000 after purchasing an additional 53 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Motorola Solutions in the third quarter worth approximately $187,000. Finally, Williams Jones & Associates LLC acquired a new stake in Motorola Solutions in the second quarter worth approximately $201,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Motorola Solutions Inc (MSI) traded down $1.08 during midday trading on Friday, hitting $93.03. The company’s stock had a trading volume of 1,000,000 shares, compared to its average volume of 767,398. The company has a market capitalization of $15,070.86, a PE ratio of 18.10, a P/E/G ratio of 4.14 and a beta of 0.35. Motorola Solutions Inc has a 52 week low of $76.92 and a 52 week high of $94.96. The company has a debt-to-equity ratio of -5.41, a current ratio of 1.30 and a quick ratio of 1.16.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be issued a $0.52 dividend. The ex-dividend date is Thursday, December 14th. This represents a $2.08 annualized dividend and a dividend yield of 2.24%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.47. Motorola Solutions’s dividend payout ratio is currently 48.08%.

In other Motorola Solutions news, Chairman Gregory Q. Brown sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $94.32, for a total value of $4,716,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bruce W. Brda sold 5,916 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $92.41, for a total value of $546,697.56. The disclosure for this sale can be found here. Insiders sold 283,456 shares of company stock worth $26,116,985 in the last ninety days. 2.50% of the stock is owned by corporate insiders.

A number of equities research analysts have weighed in on MSI shares. Jefferies Group restated a “buy” rating and issued a $105.00 target price on shares of Motorola Solutions in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research report on Tuesday, August 29th. Finally, Cleveland Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $95.08.

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Motorola Solutions Company 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.

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

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