Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSIGet Rating) by 9.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 184,885 shares of the communications equipment provider’s stock after selling 19,185 shares during the period. Teacher Retirement System of Texas owned approximately 0.11% of Motorola Solutions worth $44,779,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lincoln National Corp raised its stake in Motorola Solutions by 3.5% during the 1st quarter. Lincoln National Corp now owns 1,584 shares of the communications equipment provider’s stock valued at $384,000 after acquiring an additional 53 shares during the last quarter. Brown Advisory Inc. raised its stake in Motorola Solutions by 16.2% during the 1st quarter. Brown Advisory Inc. now owns 2,369 shares of the communications equipment provider’s stock valued at $605,000 after acquiring an additional 331 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in Motorola Solutions by 13.3% during the 1st quarter. Checchi Capital Advisers LLC now owns 1,584 shares of the communications equipment provider’s stock valued at $384,000 after acquiring an additional 186 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Motorola Solutions by 7.0% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 90,557 shares of the communications equipment provider’s stock valued at $21,933,000 after acquiring an additional 5,934 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its stake in Motorola Solutions by 78.5% during the 1st quarter. Banque Cantonale Vaudoise now owns 9,775 shares of the communications equipment provider’s stock valued at $2,368,000 after acquiring an additional 4,300 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Stock Performance

Shares of NYSE:MSI opened at $250.21 on Friday. The business’s fifty day moving average price is $217.66 and its two-hundred day moving average price is $222.26. The stock has a market cap of $41.86 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 2.96 and a beta of 0.92. Motorola Solutions, Inc. has a one year low of $195.18 and a one year high of $273.65.

Motorola Solutions (NYSE:MSIGet Rating) last announced its earnings results on Thursday, August 4th. The communications equipment provider reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Motorola Solutions had a negative return on equity of 752.91% and a net margin of 14.22%. Motorola Solutions’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.94 EPS. As a group, equities research analysts predict that Motorola Solutions, Inc. will post 9.01 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Wednesday, June 15th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Tuesday, June 14th. Motorola Solutions’s dividend payout ratio is presently 45.60%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MSI shares. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Friday. Credit Suisse Group boosted their target price on Motorola Solutions from $290.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 22nd. Morgan Stanley upgraded Motorola Solutions from an “equal weight” rating to an “overweight” rating and set a $240.00 target price on the stock in a research report on Monday, May 23rd. Finally, Loop Capital initiated coverage on Motorola Solutions in a report on Monday, April 25th. They issued a “buy” rating and a $295.00 price target on the stock. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $282.75.

Insiders Place Their Bets

In other Motorola Solutions news, CEO Gregory Q. Brown sold 25,000 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $219.75, for a total transaction of $5,493,750.00. Following the transaction, the chief executive officer now owns 35,348 shares of the company’s stock, valued at approximately $7,767,723. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.85% of the company’s stock.

Motorola Solutions Company Profile

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Motorola Solutions, Inc provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation, and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.

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

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