Perigon Wealth Management LLC Buys 50 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Perigon Wealth Management LLC raised its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 818 shares of the communications equipment provider’s stock after purchasing an additional 50 shares during the period. Perigon Wealth Management LLC’s holdings in Motorola Solutions were worth $256,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MSI. Norges Bank purchased a new position in shares of Motorola Solutions in the fourth quarter worth about $470,994,000. Alphinity Investment Management Pty Ltd purchased a new position in shares of Motorola Solutions in the fourth quarter worth about $339,283,000. Ameriprise Financial Inc. increased its stake in shares of Motorola Solutions by 67.8% in the third quarter. Ameriprise Financial Inc. now owns 1,193,146 shares of the communications equipment provider’s stock worth $324,614,000 after purchasing an additional 482,023 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Motorola Solutions by 216.7% in the first quarter. First Trust Advisors LP now owns 435,149 shares of the communications equipment provider’s stock worth $105,393,000 after purchasing an additional 297,740 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Motorola Solutions in the third quarter worth about $77,388,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the transaction, the senior vice president now owns 8,858 shares in the company, valued at approximately $2,961,229.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

Motorola Solutions Trading Up 0.1 %

Shares of Motorola Solutions stock opened at $340.51 on Thursday. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $355.39. The firm has a market cap of $56.57 billion, a PE ratio of 34.29, a PEG ratio of 3.14 and a beta of 0.90. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.00 and a quick ratio of 0.85. The company has a 50 day simple moving average of $338.77 and a two-hundred day simple moving average of $318.90.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.27. Motorola Solutions had a net margin of 17.12% and a return on equity of 441.65%. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period in the previous year, the business posted $3.38 earnings per share. Motorola Solutions’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts expect that Motorola Solutions, Inc. will post 11.74 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 1.15%. The ex-dividend date was Thursday, March 14th. Motorola Solutions’s dividend payout ratio (DPR) is 39.48%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Evercore ISI assumed coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 target price for the company. William Blair reaffirmed an “outperform” rating on shares of Motorola Solutions in a research note on Friday, February 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Motorola Solutions in a research note on Friday, January 19th. They set a “buy” rating and a $350.00 price objective for the company. Barclays boosted their price objective on shares of Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Motorola Solutions from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Motorola Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $348.38.

About Motorola Solutions

Motorola Solutions, Inc provides public safety and enterprise security solutions 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.