Raymond James & Associates Reduces Stake in Motorola Solutions, Inc. (NYSE:MSI)

by · The Markets Daily

Raymond James & Associates lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,278,531 shares of the communications equipment provider’s stock after selling 41,100 shares during the period. Motorola Solutions accounts for approximately 0.6% of Raymond James & Associates’ portfolio, making the stock its 23rd biggest position. Raymond James & Associates’ holdings in Motorola Solutions were worth $1,024,496,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ raised its stake in Motorola Solutions by 32.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock worth $138,210,000 after purchasing an additional 88,603 shares during the period. Magnolia Capital Advisors LLC purchased a new position in Motorola Solutions in the second quarter worth approximately $19,694,000. State Board of Administration of Florida Retirement System increased its stake in Motorola Solutions by 8.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock worth $67,219,000 after acquiring an additional 15,488 shares during the last quarter. First Foundation Advisors raised its position in Motorola Solutions by 37.7% in the first quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock valued at $126,000 after purchasing an additional 97 shares during the period. Finally, Heritage Wealth Management Inc. acquired a new position in shares of Motorola Solutions in the 2nd quarter valued at $790,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Transactions at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total value of $9,773,887.50. Following the completion of the transaction, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at $19,079,557.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Motorola Solutions Stock Down 0.5 %

MSI stock traded down $2.42 during midday trading on Friday, hitting $475.20. The company’s stock had a trading volume of 651,118 shares, compared to its average volume of 664,815. The firm has a 50-day simple moving average of $442.98 and a 200-day simple moving average of $396.66. The firm has a market capitalization of $79.26 billion, a P/E ratio of 58.74, a PEG ratio of 4.07 and a beta of 0.97. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. Motorola Solutions, Inc. has a 52-week low of $271.73 and a 52-week high of $480.28.

Motorola Solutions (NYSE:MSI – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter last year, the business posted $2.41 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts forecast that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were issued a $0.98 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.82%. Motorola Solutions’s payout ratio is currently 48.45%.

Analyst Upgrades and Downgrades

MSI has been the subject of a number of recent analyst reports. Evercore ISI raised their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Bank of America boosted their price target on shares of Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Jefferies Financial Group increased their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their target price on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Barclays raised their price target on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Motorola Solutions presently has an average rating of “Buy” and an average target price of $466.17.

Check Out Our Latest Research Report on Motorola Solutions

Motorola Solutions Profile

(Free Report)

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.

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