State of New Jersey Common Pension Fund D Lowers Holdings in Motorola Solutions, Inc. (NYSE:MSI)

State of New Jersey Common Pension Fund D lessened its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 34.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,325 shares of the communications equipment provider’s stock after selling 32,672 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Motorola Solutions were worth $23,675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MFA Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions in the second quarter valued at approximately $25,000. Beacon Capital Management LLC boosted its position in shares of Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares in the last quarter. LRI Investments LLC boosted its position in shares of Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Motorola Solutions during the 1st quarter worth $28,000. Finally, Private Wealth Management Group LLC purchased a new position in shares of Motorola Solutions in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insiders Place Their Bets

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 transaction, the chief operating officer now owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $439.91 on Friday. Motorola Solutions, Inc. has a fifty-two week low of $269.64 and a fifty-two week high of $448.98. The company has a market capitalization of $73.38 billion, a price-to-earnings ratio of 54.38, a PEG ratio of 3.76 and a beta of 0.97. The stock has a fifty day moving average of $412.66 and a two-hundred day moving average of $376.28. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. The firm had revenue of $2.63 billion during 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 firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.41 EPS. On average, analysts anticipate that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.89%. Motorola Solutions’s dividend payout ratio (DPR) is currently 48.45%.

Wall Street Analyst Weigh In

A number of research firms recently commented on MSI. Barclays boosted their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Evercore ISI upped their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Jefferies Financial Group lifted their price objective on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Bank of America upped their target price on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Eight research 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 $466.17.

About Motorola Solutions

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.