Lmcg Investments LLC Reduces Position in Motorola Solutions, Inc. (NYSE:MSI)

Lmcg Investments LLC lessened its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 13.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,085 shares of the communications equipment provider’s stock after selling 4,565 shares during the quarter. Lmcg Investments LLC’s holdings in Motorola Solutions were worth $13,527,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC purchased a new position in Motorola Solutions during the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC grew its stake in shares of Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 28 shares during the last quarter. LRI Investments LLC grew its stake in shares of Motorola Solutions by 871.4% in the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of Motorola Solutions in the 1st quarter valued at approximately $28,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Motorola Solutions in the 2nd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the completion of the transaction, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Motorola Solutions Stock Performance

Shares of NYSE:MSI traded up $4.54 during trading on Friday, hitting $453.89. 1,098,320 shares of the company traded hands, compared to its average volume of 666,768. The stock has a market capitalization of $75.73 billion, a price-to-earnings ratio of 53.15, a PEG ratio of 3.81 and a beta of 0.97. The business’s fifty day moving average is $450.93 and its 200-day moving average is $404.49. Motorola Solutions, Inc. has a one year low of $276.45 and a one year high of $480.28. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same period in the prior year, the company posted $2.41 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts predict that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s payout ratio is currently 45.90%.

Analysts Set New Price Targets

MSI has been the subject of several recent analyst reports. Jefferies Financial Group raised their price target on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Evercore ISI lifted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. JPMorgan Chase & Co. boosted their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, Bank of America lifted their price objective on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $479.50.

Motorola Solutions Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions 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.