Lmcg Investments LLC acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI – Get Rating) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 48,206 shares of the communications equipment provider's stock, valued at approximately $11,675,000.
Other large investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC increased its holdings in Motorola Solutions by 25.7% in the 1st quarter. Park Avenue Securities LLC now owns 2,543 shares of the communications equipment provider's stock valued at $616,000 after purchasing an additional 520 shares in the last quarter. Empirical Finance LLC boosted its position in Motorola Solutions by 12.0% in the 1st quarter. Empirical Finance LLC now owns 3,232 shares of the communications equipment provider's stock valued at $783,000 after buying an additional 346 shares during the last quarter. Retirement Planning Co of New England Inc. purchased a new position in Motorola Solutions in the 4th quarter valued at about $218,000. Allen Investment Management LLC purchased a new position in Motorola Solutions in the 4th quarter valued at about $1,016,000. Finally, First Republic Investment Management Inc. boosted its position in Motorola Solutions by 2.5% in the 4th quarter. First Republic Investment Management Inc. now owns 18,022 shares of the communications equipment provider's stock valued at $4,897,000 after buying an additional 441 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.
Get Motorola Solutions alerts:Insider Buying and Selling at Motorola Solutions
In other Motorola Solutions news, CEO Gregory Q. Brown sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $219.75, for a total value of $5,493,750.00. Following the sale, the chief executive officer now owns 35,348 shares in the company, valued at $7,767,723. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.85% of the stock is owned by company insiders.
Motorola Solutions Trading Down 0.1 %
NYSE MSI traded down $0.20 during trading hours on Monday, reaching $255.77. The company's stock had a trading volume of 2,727 shares, compared to its average volume of 889,449. The business has a 50-day simple moving average of $220.64 and a 200 day simple moving average of $222.67. Motorola Solutions, Inc. has a 52 week low of $195.18 and a 52 week high of $273.65. The stock has a market cap of $42.79 billion, a PE ratio of 36.94, a PEG ratio of 3.13 and a beta of 0.92.Motorola Solutions (NYSE:MSI – Get Rating) last issued its earnings results on Thursday, August 4th. The communications equipment provider reported $2.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $0.20. Motorola Solutions had a net margin of 14.22% and a negative return on equity of 571.78%. The firm had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.06 billion. During the same quarter last year, the company posted $1.94 earnings per share. Motorola Solutions's revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Motorola Solutions, Inc. will post 9.08 EPS for the current year.
Motorola Solutions Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Wednesday, June 15th were paid a $0.79 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.24%. Motorola Solutions's payout ratio is currently 45.60%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on MSI shares. Barclays upped their price objective on shares of Motorola Solutions to $305.00 in a research report on Tuesday, August 9th. Morgan Stanley raised shares of Motorola Solutions from an "equal weight" rating to an "overweight" rating and set a $240.00 price objective for the company in a research report on Monday, May 23rd. Cowen upped their price objective on shares of Motorola Solutions to $311.00 in a research report on Tuesday, August 9th. StockNews.com raised shares of Motorola Solutions from a "hold" rating to a "buy" rating in a research report on Friday, August 5th. Finally, Loop Capital began coverage on shares of Motorola Solutions in a research report on Monday, April 25th. They set a "buy" rating and a $295.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $287.11.
About Motorola Solutions
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Motorola Solutions, Inc provides mission critical communications and analytics 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.
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