Sentry Investment Management LLC Has $313,000 Stake in Motorola Solutions, Inc. (NYSE:MSI)

Sentry Investment Management LLC lowered its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 810 shares of the communications equipment provider’s stock after selling 64 shares during the quarter. Sentry Investment Management LLC’s holdings in Motorola Solutions were worth $313,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Beacon Capital Management LLC grew its holdings in 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 acquiring an additional 28 shares during the last quarter. Range Financial Group LLC grew its stake in shares of Motorola Solutions by 2.0% during the second quarter. Range Financial Group LLC now owns 1,424 shares of the communications equipment provider’s stock valued at $550,000 after purchasing an additional 28 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Motorola Solutions by 2.5% in the first quarter. Pinnacle Associates Ltd. now owns 1,228 shares of the communications equipment provider’s stock valued at $436,000 after purchasing an additional 30 shares in the last quarter. Rehmann Capital Advisory Group raised its position in Motorola Solutions by 1.0% in the 1st quarter. Rehmann Capital Advisory Group now owns 2,910 shares of the communications equipment provider’s stock worth $1,033,000 after purchasing an additional 30 shares during the last quarter. Finally, Forum Financial Management LP raised its position in Motorola Solutions by 2.3% in the 2nd quarter. Forum Financial Management LP now owns 1,350 shares of the communications equipment provider’s stock worth $521,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Insiders Place Their Bets

In other news, COO John P. Molloy sold 23,985 shares of the stock in a transaction 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 sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Bank of America lifted their target price on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Jefferies Financial Group raised their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Barclays raised 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. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Motorola Solutions currently has an average rating of “Buy” and a consensus price target of $466.17.

Motorola Solutions Stock Down 0.5 %

Shares of NYSE MSI opened at $435.90 on Thursday. The firm has a 50 day moving average price of $411.58 and a 200 day moving average price of $375.83. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. The stock has a market cap of $72.71 billion, a P/E ratio of 53.88, a P/E/G ratio of 3.76 and a beta of 0.97. Motorola Solutions, Inc. has a 52-week low of $269.64 and a 52-week high of $448.98.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 EPS 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 analysts’ expectations of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.41 EPS. Analysts expect that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors 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 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.90%. Motorola Solutions’s payout ratio is 48.45%.

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.