Wedmont Private Capital Invests $263,000 in Motorola Solutions, Inc. (NYSE:MSI)

Wedmont Private Capital purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSIGet Rating) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,257 shares of the communications equipment provider’s stock, valued at approximately $263,000.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Motorola Solutions by 6.9% during the first quarter. Vanguard Group Inc. now owns 19,827,404 shares of the communications equipment provider’s stock worth $4,802,197,000 after purchasing an additional 1,279,798 shares during the period. BlackRock Inc. raised its position in shares of Motorola Solutions by 4.5% during the fourth quarter. BlackRock Inc. now owns 14,324,480 shares of the communications equipment provider’s stock worth $3,891,960,000 after purchasing an additional 616,253 shares during the period. Capital World Investors raised its position in shares of Motorola Solutions by 13.0% during the first quarter. Capital World Investors now owns 11,476,578 shares of the communications equipment provider’s stock worth $2,779,627,000 after purchasing an additional 1,322,729 shares during the period. State Street Corp raised its position in shares of Motorola Solutions by 3.3% during the fourth quarter. State Street Corp now owns 7,436,180 shares of the communications equipment provider’s stock worth $2,026,120,000 after purchasing an additional 234,410 shares during the period. Finally, Alliancebernstein L.P. raised its position in Motorola Solutions by 8.1% in the 4th quarter. Alliancebernstein L.P. now owns 2,947,725 shares of the communications equipment provider’s stock valued at $800,897,000 after buying an additional 220,885 shares during the last quarter. Institutional investors and hedge funds own 83.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Cowen lifted their target price on Motorola Solutions to $311.00 in a research report on Tuesday, August 9th. Morgan Stanley lowered Motorola Solutions from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $240.00 to $260.00 in a research report on Wednesday, September 14th. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Barclays lifted their target price on Motorola Solutions to $305.00 in a research report on Tuesday, August 9th. Finally, Credit Suisse Group boosted their price target on Motorola Solutions to $301.00 in a research report on Tuesday, August 9th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Motorola Solutions currently has an average rating of “Moderate Buy” and an average price target of $289.33.

Insider Transactions at Motorola Solutions

In other news, CEO Gregory Q. Brown sold 19,198 shares of Motorola Solutions stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $250.06, for a total transaction of $4,800,651.88. Following the completion of the transaction, the chief executive officer now directly owns 70,308 shares in the company, valued at approximately $17,581,218.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Gregory Q. Brown sold 19,198 shares of the business’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $250.06, for a total value of $4,800,651.88. Following the completion of the sale, the chief executive officer now directly owns 70,308 shares in the company, valued at approximately $17,581,218.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory Q. Brown sold 69,229 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $255.80, for a total value of $17,708,778.20. Following the completion of the sale, the chief executive officer now owns 70,308 shares of the company’s stock, valued at $17,984,786.40. The disclosure for this sale can be found here. In the last three months, insiders sold 224,377 shares of company stock worth $57,064,982. 1.85% of the stock is owned by company insiders.

Motorola Solutions Stock Up 0.6 %

NYSE:MSI opened at $240.57 on Tuesday. Motorola Solutions, Inc. has a twelve month low of $195.18 and a twelve month high of $273.65. The stock’s 50 day moving average price is $239.31 and its two-hundred day moving average price is $226.92. The firm has a market capitalization of $40.25 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 2.92 and a beta of 0.91.

Motorola Solutions (NYSE:MSIGet Rating) last issued its earnings results on Thursday, August 4th. The communications equipment provider reported $2.07 EPS for the quarter, topping the consensus estimate of $1.87 by $0.20. Motorola Solutions had a negative return on equity of 571.78% and a net margin of 14.22%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the company posted $1.94 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Motorola Solutions, Inc. will post 9.09 earnings per share for the current year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.31%. Motorola Solutions’s dividend payout ratio is currently 45.60%.

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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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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