New York State Common Retirement Fund cut its shares in
Motorola Solutions by 26,545. Despite trading lower and underperforming the market, the company announced an uptick in Q2 profit, although sales fell and the outlook disappointed investors. It is due to issue Q3 2024 results on November 7. Despite the decline, the
LMR and Video Business sectors are expected to boost the company's Q2 earnings. A significant 87% majority of the company is held by institutional investors.
abrdn plc retains a stake worth $41.21 million, while
Private Advisor Group LLC holds stock valued at $2.13 million. Jim Cramer's 'Mad Money' has named
Motorola Solutions as a top pick for its consistent returns. There have been bearish signals, though, with insiders disposing of stock. However, the company has experienced solid growth in
Video and LMR and outperformed the S&P 500, returning 151% to investors over the past five years. The appointment of Elizabeth Mann to the board and the announcement of strong Q2 2024 results have largely been welcomed. However, soft earnings could prompt some investors to reconsider their positions.
Motorola Solutions MSI News Analytics from Wed, 31 Jan 2024 08:00:00 GMT to Sat, 02 Nov 2024 10:42:42 GMT -
Rating 4
- Innovation 7
- Information 9
- Rumor 3
