Tuttle Tactical Management Takes Position in Motorola Solutions Inc (NYSE:MSI)

Tuttle Tactical Management purchased a new stake in Motorola Solutions Inc (NYSE:MSI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,492 shares of the communications equipment provider’s stock, valued at approximately $451,000.

A number of other institutional investors also recently bought and sold shares of MSI. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Motorola Solutions by 6.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,709 shares of the communications equipment provider’s stock worth $6,085,000 after buying an additional 2,029 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in Motorola Solutions in the 3rd quarter worth about $368,000. G&S Capital LLC boosted its stake in Motorola Solutions by 31.6% in the 3rd quarter. G&S Capital LLC now owns 1,109 shares of the communications equipment provider’s stock worth $189,000 after buying an additional 266 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Motorola Solutions by 20.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 352,620 shares of the communications equipment provider’s stock worth $60,090,000 after buying an additional 58,999 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Motorola Solutions by 7.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 99,343 shares of the communications equipment provider’s stock worth $16,929,000 after buying an additional 6,860 shares during the last quarter. Hedge funds and other institutional investors own 87.41% of the company’s stock.

Motorola Solutions stock opened at $176.01 on Tuesday. The stock’s 50 day moving average price is $170.52 and its 200 day moving average price is $162.56. The firm has a market capitalization of $28.98 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 3.11 and a beta of 0.59. Motorola Solutions Inc has a one year low of $108.25 and a one year high of $182.28.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 EPS for the quarter, topping the consensus estimate of $1.52 by $0.17. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Motorola Solutions had a negative return on equity of 105.22% and a net margin of 13.47%. Motorola Solutions’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 EPS. On average, sell-side analysts anticipate that Motorola Solutions Inc will post 7.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, September 12th. Motorola Solutions’s dividend payout ratio (DPR) is presently 33.38%.

In other Motorola Solutions news, EVP Kelly S. Mark sold 48,500 shares of Motorola Solutions stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $171.47, for a total transaction of $8,316,295.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lake (Offshore) Aiv Gp Silver sold 5,471,271 shares of Motorola Solutions stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $175.75, for a total value of $961,575,878.25. The disclosure for this sale can be found here. Insiders have sold a total of 5,958,449 shares of company stock worth $1,047,392,724 over the last three months. 2.99% of the stock is currently owned by corporate insiders.

A number of brokerages have issued reports on MSI. Barclays started coverage on Motorola Solutions in a research note on Wednesday, August 7th. They issued an “overweight” rating and a $195.00 price target on the stock. Argus lifted their price objective on Motorola Solutions from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Raymond James lifted their price objective on 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 reaffirmed a “buy” rating and issued a $189.00 price objective on shares of Motorola Solutions in a research note on Tuesday, September 10th. Finally, ValuEngine lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $164.93.

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.

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

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