Lmcg Investments LLC Trims Stake in Motorola Solutions, Inc. (NYSE:MSI)

Lmcg Investments LLC decreased its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 13.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 30,085 shares of the communications equipment provider's stock after selling 4,565 shares during the period. Lmcg Investments LLC's holdings in Motorola Solutions were worth $13,527,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates grew its holdings in shares of Motorola Solutions by 3.7% during the 2nd quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider's stock worth $895,494,000 after acquiring an additional 82,044 shares during the period. Legal & General Group Plc grew its stake in shares of Motorola Solutions by 7.7% in the 2nd quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider's stock worth $590,911,000 after buying an additional 110,072 shares during the last quarter. Alphinity Investment Management Pty Ltd grew its stake in shares of Motorola Solutions by 36.5% in the 1st quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider's stock worth $524,929,000 after buying an additional 395,096 shares during the last quarter. Swedbank AB grew its stake in shares of Motorola Solutions by 215.7% in the 2nd quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider's stock worth $395,298,000 after buying an additional 699,615 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Motorola Solutions by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider's stock worth $383,614,000 after buying an additional 4,984 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company's stock.

Motorola Solutions Stock Up 1.0 %

MSI stock traded up $4.54 during midday trading on Friday, hitting $453.89. The company's stock had a trading volume of 1,098,320 shares, compared to its average volume of 622,458. The company has a market cap of $75.73 billion, a PE ratio of 53.15, a P/E/G ratio of 3.78 and a beta of 0.97. Motorola Solutions, Inc. has a 12 month low of $276.45 and a 12 month high of $480.28. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. The firm's 50-day moving average is $450.93 and its 200-day moving average is $404.94.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.23. The firm had revenue of $2.63 billion for the quarter, compared to analysts' expectations of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The company's revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.41 EPS. On average, equities research analysts forecast that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently weighed in on MSI. Evercore ISI upped their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, August 30th. Jefferies Financial Group upped their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a "buy" rating in a research note on Tuesday, September 3rd. Barclays upped their price target on Motorola Solutions from $372.00 to $467.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Bank of America upped their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upped 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. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, Motorola Solutions presently has a consensus rating of "Buy" and a consensus price target of $479.50.

Insider Activity

In other 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 transaction, the chief operating officer now directly owns 46,821 shares of the company's stock, valued at $19,079,557.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company's stock.

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.