Equitable Trust Co. Decreases Stock Holdings in Motorola Solutions Inc (NYSE:MSI)

Equitable Trust Co. lowered its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,062 shares of the communications equipment provider’s stock after selling 980 shares during the period. Equitable Trust Co.’s holdings in Motorola Solutions were worth $7,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MSI. Municipal Employees Retirement System of Michigan raised its position in Motorola Solutions by 2.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 2,270 shares of the communications equipment provider’s stock worth $378,000 after acquiring an additional 60 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Motorola Solutions by 5.6% in the second quarter. Captrust Financial Advisors now owns 1,150 shares of the communications equipment provider’s stock valued at $192,000 after purchasing an additional 61 shares during the period. Profund Advisors LLC boosted its stake in shares of Motorola Solutions by 1.1% in the second quarter. Profund Advisors LLC now owns 6,833 shares of the communications equipment provider’s stock valued at $1,139,000 after purchasing an additional 73 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of Motorola Solutions by 17.9% in the second quarter. Point72 Asset Management L.P. now owns 500 shares of the communications equipment provider’s stock valued at $83,000 after purchasing an additional 76 shares during the period. Finally, Hanseatic Management Services Inc. boosted its stake in shares of Motorola Solutions by 1.3% in the second quarter. Hanseatic Management Services Inc. now owns 6,039 shares of the communications equipment provider’s stock valued at $1,007,000 after purchasing an additional 79 shares during the period. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have commented on MSI. Raymond James increased their price objective on shares of Motorola Solutions from $160.00 to $182.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Credit Suisse Group reiterated a “buy” rating and set a $189.00 price objective on shares of Motorola Solutions in a research note on Tuesday, September 10th. Citigroup increased their price objective on shares of Motorola Solutions from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Argus increased their price objective on shares of Motorola Solutions from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Northcoast Research downgraded shares of Motorola Solutions from a “buy” rating to a “neutral” rating and set a $171.53 price objective on the stock. in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. Motorola Solutions presently has a consensus rating of “Buy” and a consensus price target of $164.93.



Shares of MSI stock traded up $1.37 during trading hours on Wednesday, reaching $170.60. The stock had a trading volume of 12,032 shares, compared to its average volume of 1,216,137. Motorola Solutions Inc has a twelve month low of $108.25 and a twelve month high of $182.28. The firm has a 50-day simple moving average of $173.68 and a 200-day simple moving average of $158.47. The firm has a market capitalization of $27.52 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 2.96 and a beta of 0.57.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.17. Motorola Solutions had a net margin of 13.47% and a negative return on equity of 105.22%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the company earned $1.46 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts predict that Motorola Solutions Inc will post 7.35 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be given a $0.57 dividend. The ex-dividend date is Thursday, September 12th. This represents a $2.28 dividend on an annualized basis and a yield of 1.34%. Motorola Solutions’s dividend payout ratio is presently 33.38%.

In related news, EVP Kelly S. Mark sold 48,500 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $171.47, for a total value of $8,316,295.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lake (Offshore) Aiv Gp Silver sold 5,471,271 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $175.75, for a total transaction of $961,575,878.25. The disclosure for this sale can be found here. Insiders sold a total of 5,958,449 shares of company stock valued at $1,047,392,724 in the last quarter. 2.99% of the stock is currently owned by insiders.

About Motorola Solutions

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

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