Chilton Investment Co. Inc. Acquires Shares of 1,322 Motorola Solutions, Inc. $MSI

Chilton Investment Co. Inc. bought a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,322 shares of the communications equipment provider’s stock, valued at approximately $605,000.

Several other hedge funds have also modified their holdings of the business. Orion Capital Management LLC purchased a new stake in shares of Motorola Solutions in the third quarter valued at approximately $25,000. United Community Bank raised its position in Motorola Solutions by 81.3% in the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 26 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new position in Motorola Solutions in the third quarter worth $33,000. Field & Main Bank acquired a new stake in Motorola Solutions in the third quarter valued at $35,000. Finally, Salomon & Ludwin LLC acquired a new stake in Motorola Solutions in the third quarter valued at $38,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Trading Up 2.3%

Shares of MSI stock opened at $473.41 on Monday. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The stock has a market cap of $78.43 billion, a P/E ratio of 37.10, a P/E/G ratio of 3.31 and a beta of 0.96. The business has a fifty day simple moving average of $429.21 and a 200-day simple moving average of $422.77. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping the consensus estimate of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same period in the previous year, the firm earned $4.04 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be paid a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 20th. Motorola Solutions’s dividend payout ratio (DPR) is 37.93%.

Wall Street Analyst Weigh In

MSI has been the topic of a number of recent analyst reports. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a research note on Monday, December 1st. Barclays raised their price objective on shares of Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Weiss Ratings raised shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Motorola Solutions has an average rating of “Buy” and an average target price of $497.14.

Insider Transactions at Motorola Solutions

In related news, Director Kenneth D. Denman sold 434 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total value of $204,032.08. Following the sale, the director owned 7,153 shares of the company’s stock, valued at approximately $3,362,768.36. This represents a 5.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Cynthia Yazdi sold 7,000 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $471.01, for a total value of $3,297,070.00. Following the sale, the chief executive officer owned 9,529 shares in the company, valued at approximately $4,488,254.29. This trade represents a 42.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 129,069 shares of company stock valued at $60,779,964 in the last ninety days. Corporate insiders own 1.44% of the company’s stock.

Motorola Solutions Company Profile

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.