Kentucky Retirement Systems purchased a new position in Motorola Solutions Inc (NYSE:MSI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,043 shares of the communications equipment provider’s stock, valued at approximately $998,000.
A number of other institutional investors have also added to or reduced their stakes in MSI. Ropes Wealth Advisors LLC boosted its position in Motorola Solutions by 704.9% in the third quarter. Ropes Wealth Advisors LLC now owns 1,803 shares of the communications equipment provider’s stock worth $138,000 after buying an additional 1,579 shares during the last quarter. Bessemer Group Inc. acquired a new position in Motorola Solutions during the fourth quarter worth $175,000. Poplar Forest Capital LLC acquired a new position in Motorola Solutions during the third quarter worth $231,000. Tower Research Capital LLC TRC boosted its position in Motorola Solutions by 2,977.8% in the third quarter. Tower Research Capital LLC TRC now owns 3,047 shares of the communications equipment provider’s stock worth $232,000 after buying an additional 2,948 shares during the last quarter. Finally, Diligent Investors LLC acquired a new position in Motorola Solutions during the fourth quarter worth $238,000. 84.59% of the stock is owned by institutional investors.
Shares of Motorola Solutions Inc (NYSE:MSI) traded up 0.68% on Thursday, reaching $83.94. The company had a trading volume of 223,044 shares. Motorola Solutions Inc has a 1-year low of $62.76 and a 1-year high of $87.55. The firm has a 50-day moving average price of $83.12 and a 200 day moving average price of $80.38. The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of 25.91 and a beta of 0.45.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, February 2nd. The communications equipment provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.85 by $0.18. Motorola Solutions had a net margin of 9.26% and a negative return on equity of 134.65%. The company earned $1.88 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the company earned $1.58 EPS. Motorola Solutions’s revenue was up 12.0% on a year-over-year basis. Equities research analysts predict that Motorola Solutions Inc will post $5.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Wednesday, March 15th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Monday, March 13th. Motorola Solutions’s dividend payout ratio is 57.49%.
A number of equities analysts have commented on MSI shares. Zacks Investment Research cut Motorola Solutions from a “buy” rating to a “sell” rating in a report on Wednesday, January 4th. BMO Capital Markets reissued a “buy” rating and set a $95.00 target price on shares of Motorola Solutions in a report on Tuesday, March 21st. Goldman Sachs Group Inc increased their target price on Motorola Solutions from $89.00 to $94.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Citigroup Inc raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $93.00 target price for the company in a report on Monday, January 23rd. Finally, Gabelli raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a report on Monday, February 6th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $86.50.
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. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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