The Manufacturers Life Insurance Company Sells 6,066 Shares of Motorola Solutions Inc (NYSE:MSI)

The Manufacturers Life Insurance Company reduced its holdings in Motorola Solutions Inc (NYSE:MSI) by 3.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 159,181 shares of the communications equipment provider’s stock after selling 6,066 shares during the period. The Manufacturers Life Insurance Company’s holdings in Motorola Solutions were worth $22,352,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Thrivent Financial for Lutherans increased its position in shares of Motorola Solutions by 358.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 31,885 shares of the communications equipment provider’s stock worth $3,668,000 after buying an additional 24,923 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Motorola Solutions by 0.3% during the fourth quarter. Great West Life Assurance Co. Can now owns 258,370 shares of the communications equipment provider’s stock worth $28,834,000 after buying an additional 850 shares during the period. Norinchukin Bank The increased its position in shares of Motorola Solutions by 42.0% during the fourth quarter. Norinchukin Bank The now owns 30,726 shares of the communications equipment provider’s stock worth $3,535,000 after buying an additional 9,086 shares during the period. Neuburgh Advisers LLC increased its position in shares of Motorola Solutions by 2.9% during the fourth quarter. Neuburgh Advisers LLC now owns 73,264 shares of the communications equipment provider’s stock worth $8,428,000 after buying an additional 2,080 shares during the period. Finally, Piedmont Investment Advisors Inc. increased its position in shares of Motorola Solutions by 5.4% during the first quarter. Piedmont Investment Advisors Inc. now owns 3,959 shares of the communications equipment provider’s stock worth $556,000 after buying an additional 204 shares during the period. Hedge funds and other institutional investors own 85.91% of the company’s stock.

In other Motorola Solutions news, EVP John P. Molloy sold 165,852 shares of Motorola Solutions stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $162.06, for a total transaction of $26,877,975.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rajan Naik sold 1,708 shares of Motorola Solutions stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $150.83, for a total transaction of $257,617.64. The disclosure for this sale can be found here. Insiders sold 298,211 shares of company stock valued at $46,467,434 in the last quarter. Corporate insiders own 2.99% of the company’s stock.

MSI has been the subject of several recent analyst reports. TheStreet upgraded shares of Motorola Solutions from a “c+” rating to a “b-” rating in a research report on Tuesday, February 26th. BTIG Research increased their price objective on shares of Motorola Solutions from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Citigroup increased their price objective on shares of Motorola Solutions from $145.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Deutsche Bank increased their price objective on shares of Motorola Solutions from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, Zacks Investment Research cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $139.39.

NYSE:MSI opened at $159.95 on Friday. The firm has a market capitalization of $26.58 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 2.85 and a beta of 0.52. Motorola Solutions Inc has a 12 month low of $108.25 and a 12 month high of $164.27.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.20. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Motorola Solutions had a net margin of 13.29% and a negative return on equity of 91.61%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the company posted $1.10 earnings per share. Equities analysts predict that Motorola Solutions Inc will post 7.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 1.43%. Motorola Solutions’s dividend payout ratio (DPR) is presently 33.38%.

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About Motorola Solutions

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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

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