First Mercantile Trust Co. Decreases Position in Motorola Solutions Inc (MSI)

First Mercantile Trust Co. cut its holdings in Motorola Solutions Inc (NYSE:MSI) by 13.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,580 shares of the communications equipment provider’s stock after selling 4,260 shares during the period. First Mercantile Trust Co.’s holdings in Motorola Solutions were worth $2,582,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Thrivent Financial For Lutherans grew its stake in shares of Motorola Solutions by 2.3% in the second quarter. Thrivent Financial For Lutherans now owns 6,290 shares of the communications equipment provider’s stock valued at $545,000 after acquiring an additional 140 shares in the last quarter. QS Investors LLC grew its stake in shares of Motorola Solutions by 2.4% in the second quarter. QS Investors LLC now owns 22,759 shares of the communications equipment provider’s stock valued at $1,974,000 after acquiring an additional 541 shares in the last quarter. First Manhattan Co. grew its stake in shares of Motorola Solutions by 2.2% in the fourth quarter. First Manhattan Co. now owns 25,890 shares of the communications equipment provider’s stock valued at $2,338,000 after acquiring an additional 564 shares in the last quarter. Cibc Bank USA grew its stake in shares of Motorola Solutions by 9.1% in the fourth quarter. Cibc Bank USA now owns 7,612 shares of the communications equipment provider’s stock valued at $688,000 after acquiring an additional 637 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Motorola Solutions by 2.5% in the fourth quarter. CIBC Asset Management Inc now owns 28,752 shares of the communications equipment provider’s stock valued at $2,597,000 after acquiring an additional 709 shares in the last quarter. Institutional investors and hedge funds own 87.89% of the company’s stock.

A number of brokerages have issued reports on MSI. MKM Partners increased their price objective on shares of Motorola Solutions to $116.00 and gave the stock a “neutral” rating in a research note on Monday. Zacks Investment Research downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. Citigroup increased their price objective on shares of Motorola Solutions from $104.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. BMO Capital Markets increased their price objective on shares of Motorola Solutions from $102.00 to $116.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Jefferies Group increased their price objective on shares of Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Motorola Solutions has a consensus rating of “Buy” and a consensus price target of $101.55.

In other news, CEO Gregory Q. Brown sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $92.57, for a total value of $9,257,000.00. Following the sale, the chief executive officer now directly owns 99,015 shares in the company, valued at approximately $9,165,818.55. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total transaction of $14,246,685.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,330,260 shares of company stock worth $49,414,407. 2.50% of the stock is currently owned by corporate insiders.

Shares of Motorola Solutions Inc (MSI) opened at $101.06 on Tuesday. Motorola Solutions Inc has a one year low of $76.92 and a one year high of $107.78. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of -2.56. The firm has a market cap of $16,826.92, a P/E ratio of -93.57, a PEG ratio of 4.17 and a beta of 0.40.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.06. Motorola Solutions had a negative net margin of 2.43% and a negative return on equity of 75.81%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company posted $2.03 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. sell-side analysts anticipate that Motorola Solutions Inc will post 5.7 earnings per share for the current year.

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About Motorola Solutions

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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