Teachers Retirement System of The State of Kentucky Cuts Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 2.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 13,218 shares of the communications equipment provider’s stock after selling 384 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Motorola Solutions were worth $5,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swedbank AB grew its holdings in Motorola Solutions by 215.7% during the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock worth $395,298,000 after acquiring an additional 699,615 shares during the period. Wulff Hansen & CO. raised its holdings in Motorola Solutions by 38,505.0% in the 2nd quarter. Wulff Hansen & CO. now owns 696,434 shares of the communications equipment provider’s stock valued at $268,858,000 after acquiring an additional 694,630 shares during the last quarter. Groupama Asset Managment acquired a new stake in Motorola Solutions in the 4th quarter valued at about $178,361,000. National Bank of Canada FI increased its holdings in shares of Motorola Solutions by 428.2% during the 2nd quarter. National Bank of Canada FI now owns 501,601 shares of the communications equipment provider’s stock worth $193,798,000 after buying an additional 406,638 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd increased its holdings in shares of Motorola Solutions by 36.5% during 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. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Activity

In related news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were 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 owns 46,821 shares of the company’s stock, valued at $19,079,557.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Motorola Solutions Stock Up 0.1 %

Shares of NYSE MSI opened at $449.46 on Thursday. The firm’s 50-day moving average is $427.51 and its two-hundred day moving average is $387.26. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The company has a market capitalization of $74.97 billion, a PE ratio of 55.56, a price-to-earnings-growth ratio of 3.90 and a beta of 0.97. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $452.00.

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

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, September 13th. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MSI shares. Evercore ISI increased their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. lifted their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Jefferies Financial Group lifted their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Barclays lifted their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of 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, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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.