Varma Mutual Pension Insurance Co has $12.74M position in Motorola Solutions, Inc. (NYSE:MSI)

Varma Mutual Pension Insurance Co decreased its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 11.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 33,001 shares of the communications equipment provider’s stock after selling 4,139 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Motorola Solutions were worth $12,740,000 as of its most recent SEC filing.

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

Analyst upgrades and downgrades

Several research analysts recently commented on MSI shares. Evercore ISI upped their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Barclays raised their price objective on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Bank of America boosted their price target on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Eight research analysts have rated the stock with a buy rating. Motorola Solutions has a consensus rating of “Buy” and a consensus price target of $466.17, based on data from MarketBeat.com.

Get the latest analysis on Motorola Solutions

Insider buying and selling at Motorola Solutions

In other news, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the transaction, the senior vice president now owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In related news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s website. Also, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the completion of the transaction, the senior vice president now owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s shares.

Motorola Solutions stock performance

Shares of MSI stock opened at $431.50 on Monday. The firm has a fifty day simple moving average of $408.50 and a 200 day simple moving average of $373.89. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $448.98. 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 stock has a market cap of $71.99 billion, a price-to-earnings ratio of 53.34, a PEG ratio of 3.76 and a beta of 0.97.

Motorola Solutions (NYSE:MSI – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, topping the consensus estimate of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. In the same quarter last year, the firm posted EPS of $2.41. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts estimate that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions announces dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, September 13. This represents an annualized dividend of $3.92 and a dividend yield of 0.91%. Motorola Solutions’s dividend payout ratio is currently 48.45%.

About Motorola Solutions

(Free report)

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, 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 provides 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 operating networks of private communications and video security solutions, and manage a mobile workforce.

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