Gargoyle Investment Advisor L.L.C. continued to hold its position in shares of Motorola Solutions Inc. (NYSE:MSI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,000 shares of the company’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in Motorola Solutions were worth $2,309,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Orbis Allan Gray Ltd purchased a new position in shares of Motorola Solutions during the first quarter valued at about $775,375,000. Geode Capital Management LLC boosted its position in shares of Motorola Solutions by 16.2% in the first quarter. Geode Capital Management LLC now owns 1,537,974 shares of the company’s stock valued at $116,228,000 after buying an additional 214,332 shares during the period. National Pension Service boosted its position in shares of Motorola Solutions by 4.6% in the first quarter. National Pension Service now owns 111,983 shares of the company’s stock valued at $8,477,000 after buying an additional 4,973 shares during the period. Bayesian Capital Management LP purchased a new position in shares of Motorola Solutions during the first quarter valued at about $346,000. Finally, Pitcairn Co. boosted its position in shares of Motorola Solutions by 15.7% in the second quarter. Pitcairn Co. now owns 15,305 shares of the company’s stock valued at $1,010,000 after buying an additional 2,080 shares during the period. 85.38% of the stock is currently owned by institutional investors.
Shares of Motorola Solutions Inc. (NYSE:MSI) traded down 1.35% during midday trading on Monday, reaching $75.25. The company’s stock had a trading volume of 1,055,833 shares. The company has a 50 day moving average of $76.56 and a 200-day moving average of $72.20. Motorola Solutions Inc. has a 52 week low of $59.13 and a 52 week high of $78.99. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 26.54 and a beta of 0.48.
Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 4th. The company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.17. Motorola Solutions had a net margin of 9.04% and a negative return on equity of 223.77%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the firm posted $0.68 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts predict that Motorola Solutions Inc. will post $4.60 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Tuesday, September 13th. Motorola Solutions’s dividend payout ratio is presently 57.54%.
MSI has been the subject of a number of analyst reports. Jefferies Group restated a “hold” rating on shares of Motorola Solutions in a report on Friday, September 2nd. BMO Capital Markets restated a “market perform” rating and set a $72.00 target price on shares of Motorola Solutions in a report on Thursday, August 18th. Credit Suisse Group AG restated a “buy” rating and set a $80.00 target price on shares of Motorola Solutions in a report on Friday, August 5th. Goldman Sachs Group Inc. upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $81.00 target price for the company in a report on Thursday, June 30th. Finally, Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Wednesday, August 10th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $73.13.
In other news, EVP John P. Molloy sold 11,199 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $74.14, for a total value of $830,293.86. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Bruce W. Brda sold 10,416 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $77.99, for a total transaction of $812,343.84. Following the completion of the transaction, the executive vice president now directly owns 25,703 shares in the company, valued at approximately $2,004,576.97. The disclosure for this sale can be found here. 2.55% of the stock is currently owned by insiders.
About Motorola Solutions
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.
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