United Capital Financial Advisers LLC trimmed its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Get Rating) by 20.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,241 shares of the communications equipment provider’s stock after selling 328 shares during the period. United Capital Financial Advisers LLC’s holdings in Motorola Solutions were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in MSI. Asset Dedication LLC bought a new position in Motorola Solutions in the third quarter worth about $29,000. Eagle Bay Advisors LLC acquired a new stake in shares of Motorola Solutions in the second quarter valued at approximately $35,000. Creative Financial Designs Inc. ADV increased its stake in shares of Motorola Solutions by 93.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 207 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 100 shares during the period. Standard Family Office LLC acquired a new stake in shares of Motorola Solutions in the third quarter valued at approximately $50,000. Finally, Guardian Wealth Advisors LLC acquired a new stake in shares of Motorola Solutions in the third quarter valued at approximately $56,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, CEO Gregory Q. Brown sold 26,933 shares of the stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $271.25, for a total value of $7,305,576.25. Following the transaction, the chief executive officer now directly owns 48,142 shares of the company’s stock, valued at $13,058,517.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.85% of the company’s stock.
Analysts Set New Price Targets
Motorola Solutions Trading Down 0.8 %
MSI opened at $265.96 on Wednesday. The company has a debt-to-equity ratio of 45.90, a current ratio of 1.15 and a quick ratio of 0.92. The company has a market cap of $44.48 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 2.95 and a beta of 0.92. The firm has a 50 day simple moving average of $261.47 and a 200 day simple moving average of $252.16. Motorola Solutions, Inc. has a fifty-two week low of $195.18 and a fifty-two week high of $275.16.
Motorola Solutions (NYSE:MSI – Get Rating) last posted its quarterly earnings results on Thursday, February 9th. The communications equipment provider reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.17. Motorola Solutions had a net margin of 14.96% and a negative return on equity of 663.73%. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the previous year, the firm posted $2.66 earnings per share. Motorola Solutions’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Motorola Solutions, Inc. will post 10.09 earnings per share for the current year.
Motorola Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Wednesday, March 15th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, March 14th. Motorola Solutions’s payout ratio is presently 44.39%.
Motorola Solutions Profile
Motorola Solutions, Inc is engaged in the provision of communication infrastructure, devices, accessories, software, and services. It operates through the following segments: Products & Systems Integration and Software & Services. The Products & Systems Integration segment offers an extensive portfolio of infrastructure, devices, accessories, video security devices and infrastructure, and the implementation and integration of such systems, devices, and applications.
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