Commonwealth Equity Services LLC Purchases 7,773 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Commonwealth Equity Services LLC lifted its position in Motorola Solutions, Inc. (NYSE:MSI) by 26.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,367 shares of the communications equipment provider’s stock after purchasing an additional 7,773 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Motorola Solutions were worth $14,426,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System increased its holdings in shares of Motorola Solutions by 8.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock worth $67,219,000 after purchasing an additional 15,488 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Motorola Solutions by 15.6% in the fourth quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock worth $7,589,000 after purchasing an additional 3,278 shares during the last quarter. First Foundation Advisors increased its holdings in shares of Motorola Solutions by 37.7% in the first quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock worth $126,000 after purchasing an additional 97 shares during the last quarter. BDF Gestion bought a new stake in shares of Motorola Solutions in the second quarter worth about $7,377,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Motorola Solutions by 29.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock worth $6,273,000 after purchasing an additional 4,594 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Stock Down 0.4 %

Shares of NYSE:MSI opened at $440.22 on Wednesday. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $448.98. The business has a 50 day simple moving average of $405.50 and a two-hundred day simple moving average of $371.51. The firm has a market capitalization of $73.43 billion, a PE ratio of 54.42, a price-to-earnings-growth ratio of 3.85 and a beta of 0.94. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the previous year, the business earned $2.41 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts predict that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.92 annualized dividend and a dividend yield of 0.89%. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Jefferies Financial Group lifted their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays lifted their price target on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI lifted their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Bank of America lifted their price target on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, JPMorgan Chase & Co. lifted their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, Motorola Solutions presently has an average rating of “Buy” and a consensus price target of $466.17.

Insider Buying and Selling at Motorola Solutions

In related news, Director Kenneth D. Denman sold 690 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $373.11, for a total value of $257,445.90. Following the completion of the sale, the director now owns 8,141 shares in the company, valued at $3,037,488.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Kenneth D. Denman sold 690 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $373.11, for a total value of $257,445.90. Following the completion of the sale, the director now owns 8,141 shares in the company, valued at $3,037,488.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the completion of the sale, the chief operating officer now owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The disclosure for this sale can be found here. Insiders sold 29,949 shares of company stock worth $12,002,807 over the last 90 days. Company insiders own 1.50% of the company’s stock.

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.