Motorola Solutions (MSI) Shares Reduced by Copeland Capital Management LLC

Motorola Solutions (MSI) Shares Reduced by Copeland Capital Management LLC

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OppenheimerFunds Inc. raised its position in shares of Motorola Solutions by 572.8% in the fourth quarter. OppenheimerFunds Inc. now owns 2,729,002 shares of the communications equipment provider’s stock valued at $246,538,000 after purchasing an additional 2,323,370 shares during the period. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Motorola Solutions in the fourth quarter valued at approximately $63,196,000. Wedge Capital Management L L P NC bought a new stake in shares of Motorola Solutions in the first quarter valued at approximately $45,858,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Motorola Solutions by 7,586.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 439,493 shares of the communications equipment provider’s stock valued at $39,704,000 after purchasing an additional 433,775 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Motorola Solutions by 70.1% in the fourth quarter. Renaissance Technologies LLC now owns 811,415 shares of the communications equipment provider’s stock valued at $73,303,000 after purchasing an additional 334,300 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Copeland Capital Management LLC trimmed its stake in Motorola Solutions (NYSE:MSI) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 178,711 shares of the communications equipment provider’s stock after selling 3,142 shares during the quarter. Motorola Solutions makes up 1.2% of Copeland Capital Management LLC’s holdings, making the stock its 21st biggest position. Copeland Capital Management LLC owned approximately 0.11% of Motorola Solutions worth $18,818,000 as of its most recent filing with the Securities & Exchange Commission.

Motorola Solutions stock opened at $107.84 on Wednesday. The company has a debt-to-equity ratio of -3.45, a quick ratio of 1.03 and a current ratio of 1.17. The company has a market cap of $17.43 billion, a P/E ratio of 20.74, a PEG ratio of 2.15 and a beta of 0.34. Motorola Solutions has a 1-year low of $79.63 and a 1-year high of $111.91.

The company also recently announced a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Thursday, March 15th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Wednesday, March 14th. Motorola Solutions’s dividend payout ratio (DPR) is presently 40.00%.

Several analysts have recently issued reports on MSI shares. Jefferies Group reissued a “buy” rating on shares of Motorola Solutions in a research report on Thursday, March 1st. ValuEngine raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Deutsche Bank boosted their price target on shares of Motorola Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, March 1st. Citigroup boosted their price target on shares of Motorola Solutions from $104.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research report on Wednesday, January 17th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $115.33.

In related news, Chairman Gregory Q. Brown sold 185,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $109.08, for a total transaction of $20,179,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

About Motorola Solutions

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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