Ameriprise Financial Inc. decreased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 4.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 788,509 shares of the communications equipment provider’s stock after selling 35,680 shares during the period. Ameriprise Financial Inc. owned 0.47% of Motorola Solutions worth $225,643,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Tucker Asset Management LLC bought a new position in Motorola Solutions during the 1st quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL bought a new position in Motorola Solutions during the 1st quarter valued at approximately $35,000. Eagle Bay Advisors LLC bought a new position in Motorola Solutions during the 2nd quarter valued at approximately $35,000. Ruedi Wealth Management Inc. bought a new position in Motorola Solutions during the 4th quarter valued at approximately $38,000. Finally, Almanack Investment Partners LLC. bought a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $38,000. Institutional investors own 82.37% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on MSI shares. Morgan Stanley increased their target price on Motorola Solutions from $290.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Friday, August 4th. Raymond James increased their target price on Motorola Solutions from $315.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. StockNews.com started coverage on Motorola Solutions in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Barclays decreased their target price on Motorola Solutions from $329.00 to $322.00 and set an “overweight” rating for the company in a research report on Friday, August 4th. Finally, JPMorgan Chase & Co. decreased their target price on Motorola Solutions from $320.00 to $311.00 and set an “overweight” rating for the company in a research report on Monday, August 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $309.67.
Insider Transactions at Motorola Solutions
In other news, Director Kenneth D. Denman sold 1,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $284.58, for a total value of $284,580.00. Following the transaction, the director now directly owns 8,101 shares in the company, valued at approximately $2,305,382.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.50% of the company’s stock.
Motorola Solutions Stock Performance
Motorola Solutions stock opened at $283.21 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.23 and a debt-to-equity ratio of 17.14. The company has a market capitalization of $47.30 billion, a P/E ratio of 32.11, a PEG ratio of 2.98 and a beta of 0.92. The stock’s 50 day moving average is $285.55 and its 200 day moving average is $283.07. Motorola Solutions, Inc. has a twelve month low of $212.76 and a twelve month high of $299.43.
Motorola Solutions (NYSE:MSI – Get Free Report) last issued its earnings results on Thursday, August 3rd. The communications equipment provider reported $2.65 EPS for the quarter, beating the consensus estimate of $2.51 by $0.14. Motorola Solutions had a return on equity of 2,157.02% and a net margin of 15.72%. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the business posted $1.87 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts predict that Motorola Solutions, Inc. will post 10.44 earnings per share for the current fiscal year.
Motorola Solutions Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.88 per share. The ex-dividend date is Thursday, September 14th. This represents a $3.52 annualized dividend and a yield of 1.24%. Motorola Solutions’s dividend payout ratio is 39.91%.
Motorola Solutions Profile
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.
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