First Trust Advisors LP Lowers Stock Position in Motorola Solutions Inc (NYSE:MSI)

First Trust Advisors LP lessened its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 6.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 369,559 shares of the communications equipment provider’s stock after selling 24,321 shares during the quarter. First Trust Advisors LP’s holdings in Motorola Solutions were worth $62,977,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Daiwa Securities Group Inc. boosted its stake in Motorola Solutions by 23.9% during the third quarter. Daiwa Securities Group Inc. now owns 111,548 shares of the communications equipment provider’s stock worth $19,009,000 after buying an additional 21,509 shares during the period. Keybank National Association OH boosted its stake in Motorola Solutions by 251.0% during the third quarter. Keybank National Association OH now owns 8,564 shares of the communications equipment provider’s stock worth $1,459,000 after buying an additional 6,124 shares during the period. Eastern Bank boosted its stake in shares of Motorola Solutions by 2.0% in the third quarter. Eastern Bank now owns 104,005 shares of the communications equipment provider’s stock valued at $17,723,000 after purchasing an additional 2,048 shares during the period. Bartlett & Co. LLC boosted its stake in shares of Motorola Solutions by 405.4% in the third quarter. Bartlett & Co. LLC now owns 470 shares of the communications equipment provider’s stock valued at $80,000 after purchasing an additional 377 shares during the period. Finally, Abacus Planning Group Inc. purchased a new position in shares of Motorola Solutions in the third quarter valued at approximately $328,000. 87.47% of the stock is owned by institutional investors.

MSI has been the subject of several recent research reports. Northcoast Research lowered shares of Motorola Solutions from a “buy” rating to a “neutral” rating and set a $171.53 price objective for the company. in a research note on Wednesday, July 17th. Barclays initiated coverage on shares of Motorola Solutions in a research note on Wednesday, August 7th. They issued an “overweight” rating and a $195.00 price objective for the company. Argus raised their price objective on shares of Motorola Solutions from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Gabelli raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, MKM Partners raised their price objective on shares of Motorola Solutions to $170.00 in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $160.50.

In related news, Director Lake (Offshore) Aiv Gp Silver sold 5,471,271 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $175.75, for a total value of $961,575,878.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Gregory Q. Brown sold 264,635 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $176.80, for a total transaction of $46,787,468.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,815,070 shares of company stock worth $1,022,249,503. 2.99% of the stock is owned by corporate insiders.

Shares of NYSE:MSI opened at $164.96 on Friday. The firm’s 50 day moving average price is $167.76 and its 200 day moving average price is $164.51. The stock has a market cap of $26.92 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 2.69 and a beta of 0.58. Motorola Solutions Inc has a fifty-two week low of $108.25 and a fifty-two week high of $182.28.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Wednesday, October 30th. The communications equipment provider reported $2.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.09. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Motorola Solutions had a net margin of 13.50% and a negative return on equity of 114.01%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 earnings per share. On average, research analysts predict that Motorola Solutions Inc will post 7.26 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were issued a $0.57 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $2.28 annualized dividend and a yield of 1.38%. Motorola Solutions’s dividend payout ratio (DPR) is 33.38%.

About Motorola Solutions

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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

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