National Pension Service Acquires 2,941 Shares of Motorola Solutions Inc (NYSE:MSI)
National Pension Service grew its holdings in shares of Motorola Solutions Inc (NYSE:MSI) by 1.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 239,663 shares of the communications equipment provider’s stock after buying an additional 2,941 shares during the period. National Pension Service owned approximately 0.14% of Motorola Solutions worth $31,856,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in MSI. State Street Corp increased its stake in Motorola Solutions by 2.6% in the 1st quarter. State Street Corp now owns 7,981,773 shares of the communications equipment provider’s stock valued at $1,065,884,000 after buying an additional 202,142 shares during the last quarter. Invesco Ltd. lifted its holdings in Motorola Solutions by 2.1% during the first quarter. Invesco Ltd. now owns 4,887,442 shares of the communications equipment provider’s stock worth $649,639,000 after acquiring an additional 99,970 shares during the period. Geode Capital Management LLC boosted its position in Motorola Solutions by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 2,663,902 shares of the communications equipment provider’s stock worth $428,391,000 after purchasing an additional 179,467 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Motorola Solutions by 11.5% in the 1st quarter. Nuveen Asset Management LLC now owns 2,645,783 shares of the communications equipment provider’s stock valued at $351,678,000 after purchasing an additional 272,916 shares during the period. Finally, Capital World Investors bought a new stake in shares of Motorola Solutions during the 1st quarter worth $340,268,000. 87.28% of the stock is owned by institutional investors.
Several brokerages have commented on MSI. Cowen reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Motorola Solutions in a research report on Friday, May 8th. Jefferies Financial Group lifted their price target on shares of Motorola Solutions from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, June 12th. MKM Partners reduced their price objective on Motorola Solutions from $192.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, May 8th. TD Securities lowered Motorola Solutions to a “hold” rating and lowered their target price for the company from $38.00 to $36.00 in a research note on Monday, May 11th. Finally, Raymond James cut their price target on Motorola Solutions from $180.00 to $175.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Motorola Solutions presently has an average rating of “Buy” and a consensus price target of $156.30.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, May 7th. The communications equipment provider reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Motorola Solutions had a negative return on equity of 146.43% and a net margin of 11.60%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the company earned $1.28 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, analysts predict that Motorola Solutions Inc will post 6.47 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Friday, June 12th. Motorola Solutions’s dividend payout ratio (DPR) is 34.41%.
Motorola Solutions 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.
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