Balyasny Asset Management LLC Takes $28.88 Million Position in Motorola Solutions, Inc. (NYSE:MSI)

Balyasny Asset Management LLC bought a new stake in Motorola Solutions, Inc. (NYSE:MSI – Get Rating) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 128,936 shares of the communications equipment provider’s stock, valued at approximately $28,878,000. Balyasny Asset Management LLC owned approximately 0.08% of Motorola Solutions as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Asset Dedication LLC bought a new position in Motorola Solutions during the third quarter valued at $29,000. Eagle Bay Advisors LLC bought a new position in Motorola Solutions during the second quarter valued at $35,000. Creative Financial Designs Inc. ADV grew its holdings in Motorola Solutions by 93.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 207 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 100 shares during the period. Standard Family Office LLC bought a new position in Motorola Solutions during the third quarter valued at $50,000. Finally, Guardian Wealth Advisors LLC bought a new position in Motorola Solutions during the third quarter valued at $56,000. 83.67% of the stock is owned by institutional investors.

Motorola Solutions Trading Up 2.3 %

Shares of MSI stock opened at $266.25 on Wednesday. The company has a debt-to-equity ratio of 45.90, a quick ratio of 0.92 and a current ratio of 1.15. Motorola Solutions, Inc. has a 52-week low of $195.18 and a 52-week high of $275.16. The company has a market capitalization of $44.53 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 2.88 and a beta of 0.92. The business’s fifty day moving average is $262.19 and its 200 day moving average is $252.69.

Motorola Solutions (NYSE:MSI – Get Rating) last issued its quarterly earnings data on Thursday, February 9th. The communications equipment provider reported $3.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.17. Motorola Solutions had a negative return on equity of 663.73% and a net margin of 14.96%. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter last year, the business posted $2.66 earnings per share. The firm’s revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts anticipate that Motorola Solutions, Inc. will post 10.09 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Wednesday, March 15th will be paid a $0.88 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $3.52 annualized dividend and a dividend yield of 1.32%. Motorola Solutions’s payout ratio is presently 44.39%.

Insiders Place Their Bets

In other news, Director Kenneth D. Denman sold 1,500 shares of Motorola Solutions stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $266.33, for a total transaction of $399,495.00. Following the completion of the transaction, the director now directly owns 8,313 shares in the company, valued at $2,214,001.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Cynthia Yazdi sold 8,734 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $270.37, for a total transaction of $2,361,411.58. Following the sale, the senior vice president now directly owns 2,873 shares in the company, valued at approximately $776,773.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth D. Denman sold 1,500 shares of the company’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $266.33, for a total transaction of $399,495.00. Following the transaction, the director now owns 8,313 shares in the company, valued at $2,214,001.29. The disclosure for this sale can be found here. Insiders sold 37,167 shares of company stock worth $10,066,483 over the last three months. Company insiders own 1.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MSI shares. Barclays dropped their target price on Motorola Solutions from $306.00 to $303.00 and set an “overweight” rating on the stock in a research report on Friday, February 10th. Credit Suisse Group downgraded Motorola Solutions from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $300.00 to $270.00 in a research report on Wednesday, January 11th. TheStreet upgraded Motorola Solutions from a “c+” rating to a “b” rating in a research report on Thursday, February 9th. Finally, Edward Jones downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, January 23rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Motorola Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $287.80.

Motorola Solutions Profile

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Motorola Solutions, Inc is engaged in the provision of communication infrastructure, devices, accessories, software, and services. It operates through the following segments: Products & Systems Integration and Software & Services. The Products & Systems Integration segment offers an extensive portfolio of infrastructure, devices, accessories, video security devices and infrastructure, and the implementation and integration of such systems, devices, and applications.