Mn Services Vermogensbeheer B.V. Sells 2,300 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Mn Services Vermogensbeheer B.V. trimmed its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 63,967 shares of the communications equipment provider’s stock after selling 2,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Motorola Solutions were worth $28,761,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Norden Group LLC bought a new stake in shares of Motorola Solutions in the 1st quarter valued at about $216,000. Private Advisor Group LLC raised its stake in Motorola Solutions by 2.1% in the first quarter. Private Advisor Group LLC now owns 4,178 shares of the communications equipment provider’s stock worth $1,483,000 after buying an additional 84 shares in the last quarter. Mission Wealth Management LP purchased a new stake in Motorola Solutions during the first quarter worth $301,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Motorola Solutions by 18.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,847 shares of the communications equipment provider’s stock worth $18,405,000 after buying an additional 8,170 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in Motorola Solutions by 0.7% during the first quarter. Janney Montgomery Scott LLC now owns 26,111 shares of the communications equipment provider’s stock worth $9,269,000 after buying an additional 186 shares during the period. 84.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Evercore ISI upped their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Barclays upped their target price on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Bank of America upped their target price on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their target price on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, Jefferies Financial Group upped their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $479.50.

Insiders Place Their Bets

In other news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by insiders.

Motorola Solutions Stock Performance

MSI stock traded up $4.00 during midday trading on Monday, reaching $457.89. The stock had a trading volume of 98,178 shares, compared to its average volume of 664,006. The stock has a market cap of $76.39 billion, a PE ratio of 53.56, a P/E/G ratio of 3.78 and a beta of 0.97. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. The firm has a fifty day simple moving average of $450.93 and a two-hundred day simple moving average of $405.39. Motorola Solutions, Inc. has a 52-week low of $298.63 and a 52-week high of $480.28.

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

Motorola Solutions Dividend Announcement

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

Motorola Solutions Company 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.