Banco Santander S.A. Buys 3,259 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Banco Santander S.A. increased its stake in Motorola Solutions, Inc. by 6.2% during the first quarter, now holding 56,069 shares valued at approximately $24.5 million.
• Several institutional investors made significant investments in Motorola Solutions, with ORG Wealth Partners LLC boosting its position by 346.2%.
• Motorola Solutions reported a quarterly earnings per share of $3.18, exceeding expectations, and declared a quarterly dividend of $1.09, representing a dividend yield of 1.0%.

Banco Santander S.A. grew its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 6.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,069 shares of the communications equipment provider's stock after acquiring an additional 3,259 shares during the period. Banco Santander S.A.'s holdings in Motorola Solutions were worth $24,548,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MSI. ORG Wealth Partners LLC lifted its holdings in Motorola Solutions by 346.2% in the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock worth $25,000 after acquiring an additional 45 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of Motorola Solutions during the fourth quarter valued at approximately $34,000. Community Bank N.A. acquired a new position in Motorola Solutions in the first quarter worth approximately $32,000. Fort Vancouver Investment Management LLC purchased a new position in Motorola Solutions during the 1st quarter worth approximately $37,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of Motorola Solutions during the 1st quarter valued at $40,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MSI shares. Barclays reduced their price objective on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. UBS Group assumed coverage on shares of Motorola Solutions in a report on Wednesday, July 16th. They set a "buy" rating and a $490.00 price objective on the stock. Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Wolfe Research assumed coverage on shares of Motorola Solutions in a report on Monday, July 7th. They set a "peer perform" rating for the company. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $510.67.

Motorola Solutions Price Performance

Shares of NYSE:MSI traded up $8.35 during midday trading on Wednesday, hitting $442.40. The stock had a trading volume of 664,113 shares, compared to its average volume of 895,752. Motorola Solutions, Inc. has a fifty-two week low of $388.90 and a fifty-two week high of $507.82. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42. The company has a market capitalization of $73.85 billion, a P/E ratio of 36.93, a price-to-earnings-growth ratio of 3.79 and a beta of 0.97. The company's 50-day moving average price is $419.42 and its 200-day moving average price is $428.04.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were paid a dividend of $1.09 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.36 annualized dividend and a yield of 1.0%. Motorola Solutions's dividend payout ratio is currently 36.39%.

Insider Transactions at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total transaction of $449,243.64. Following the transaction, the chief accounting officer directly owned 804 shares of the company's stock, valued at $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.44% of the stock is currently owned by corporate insiders.

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.