Gilbert & Cook Inc. Grows Position in Motorola Solutions Inc (NYSE:MSI)

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Gilbert & Cook Inc. boosted its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 6.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,494 shares of the communications equipment provider’s stock after buying an additional 88 shares during the quarter. Gilbert & Cook Inc.’s holdings in Motorola Solutions were worth $255,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hexavest Inc. purchased a new position in Motorola Solutions during the second quarter valued at $30,000. Ruggie Capital Group purchased a new position in Motorola Solutions during the second quarter valued at $35,000. Prestige Wealth Management Group LLC purchased a new position in Motorola Solutions during the second quarter valued at $43,000. Trustcore Financial Services LLC lifted its position in Motorola Solutions by 613.5% during the second quarter. Trustcore Financial Services LLC now owns 1,163 shares of the communications equipment provider’s stock valued at $54,000 after purchasing an additional 1,000 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its position in Motorola Solutions by 254.2% during the third quarter. AdvisorNet Financial Inc now owns 340 shares of the communications equipment provider’s stock valued at $58,000 after purchasing an additional 244 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

In other news, Director Lake (Offshore) Aiv Gp Silver sold 5,471,271 shares of Motorola Solutions stock in a transaction dated Monday, September 9th. The stock was 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 available through the SEC website. Also, Chairman Gregory Q. Brown sold 264,635 shares of Motorola Solutions stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $176.80, for a total value of $46,787,468.00. The disclosure for this sale can be found here. Insiders sold 5,815,070 shares of company stock worth $1,022,249,503 over the last ninety days. Insiders own 2.99% of the company’s stock.

NYSE:MSI traded up $2.76 on Friday, reaching $164.96. 1,168,000 shares of the company’s stock traded hands, compared to its average volume of 1,048,401. Motorola Solutions Inc has a 12 month low of $108.25 and a 12 month high of $182.28. The stock has a 50-day simple moving average of $167.76 and a 200-day simple moving average of $164.51. The firm has a market cap of $26.92 billion, a PE ratio of 24.15, a P/E/G ratio of 2.69 and a beta of 0.58.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Wednesday, October 30th. The communications equipment provider reported $2.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.09. Motorola Solutions had a negative return on equity of 114.01% and a net margin of 13.50%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the previous year, the firm posted $1.94 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. As a group, sell-side analysts expect that Motorola Solutions Inc will post 7.26 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 dividend yield of 1.38%. Motorola Solutions’s dividend payout ratio (DPR) is 33.38%.

MSI has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $200.00 price target on Motorola Solutions and gave the company a “buy” rating in a report on Wednesday, August 21st. Credit Suisse Group reissued a “buy” rating and set a $189.00 price target on shares of Motorola Solutions in a report on Tuesday, September 10th. JPMorgan Chase & Co. raised their price target on Motorola Solutions from $150.00 to $151.00 and gave the company an “underweight” rating in a report on Friday, September 6th. MKM Partners raised their price target on Motorola Solutions to $170.00 in a report on Friday, August 2nd. Finally, Argus raised their price target on Motorola Solutions from $165.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. Motorola Solutions presently has an average rating of “Buy” and an average price target of $160.50.

Motorola Solutions Company Profile

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.

Further Reading: What does the Dogs of the Dow mean?

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

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