Today: Today, Kentucky Retirement Systems Insurance Trust Fund Buys 6,415 Shares of Motorola Solutions Inc. (MSI)

Today, Kentucky Retirement Systems Insurance Trust Fund Buys 6,415  Shares of Motorola Solutions Inc. (MSI)

Kentucky Retirement Systems Insurance Trust Fund bought a new position in Motorola Solutions Inc. (NYSE:MSI) during the second quarter, Holdings Channel reports. The institutional investor bought 6,415 shares of the company’s stock, valued at approximately $423,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Motorola Solutions by 26.3% in the second quarter. Vanguard Group Inc. now owns 12,381,540 shares of the company’s stock worth $816,811,000 after buying an additional 2,580,735 shares in the last quarter. Parnassus Investments CA increased its position in Motorola Solutions by 3.6% in the second quarter. Parnassus Investments CA now owns 6,091,115 shares of the company’s stock worth $401,831,000 after buying an additional 209,447 shares in the last quarter. Neuberger Berman Group LLC increased its position in Motorola Solutions by 65.7% in the second quarter. Neuberger Berman Group LLC now owns 6,043,691 shares of the company’s stock worth $398,702,000 after buying an additional 2,395,292 shares in the last quarter. Scharf Investments LLC increased its position in Motorola Solutions by 1.5% in the second quarter. Scharf Investments LLC now owns 2,848,164 shares of the company’s stock worth $187,893,000 after buying an additional 40,824 shares in the last quarter. Finally, Janus Capital Management LLC increased its position in Motorola Solutions by 10.7% in the second quarter. Janus Capital Management LLC now owns 2,555,616 shares of the company’s stock worth $168,594,000 after buying an additional 246,467 shares in the last quarter. Institutional investors and hedge funds own 84.60% of the company’s stock.

Motorola Solutions Inc. (NYSE:MSI) traded up 0.90% during mid-day trading on Friday, reaching $80.98. 392,779 shares of the company traded hands. Motorola Solutions Inc. has a 52 week low of $59.13 and a 52 week high of $82.20. The firm has a market capitalization of $13.44 billion, a price-to-earnings ratio of 23.89 and a beta of 0.40. The stock’s 50 day moving average price is $76.07 and its 200 day moving average price is $72.58.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.20 by $0.17. Motorola Solutions had a net margin of 10.19% and a negative return on equity of 190.73%. The company earned $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the business posted $0.82 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. Equities analysts forecast that Motorola Solutions Inc. will post $4.77 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 15th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.41. Motorola Solutions’s payout ratio is 48.09%.

MSI has been the topic of a number of recent research reports. Deutsche Bank AG set a $68.00 price objective on shares of Motorola Solutions and gave the company a “hold” rating in a research note on Friday, August 5th. Credit Suisse Group AG reissued a “buy” rating and set a $80.00 target price on shares of Motorola Solutions in a research report on Friday, August 5th. JPMorgan Chase & Co. reissued a “hold” rating and set a $72.00 target price on shares of Motorola Solutions in a research report on Friday, August 5th. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Wednesday, August 10th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $72.00 target price on shares of Motorola Solutions in a research report on Thursday, August 18th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $75.21.

In other Motorola Solutions news, Chairman Gregory Q. Brown sold 117,000 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $77.11, for a total transaction of $9,021,870.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bruce W. Brda sold 10,416 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $77.99, for a total transaction of $812,343.84. Following the transaction, the executive vice president now owns 25,703 shares of the company’s stock, valued at approximately $2,004,576.97. The disclosure for this sale can be found here. Company insiders own 2.55% of the company’s stock.

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. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.

Related posts

Leave a Comment