Motorola Solutions, Inc. (NYSE:MSI) Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Motorola Solutions by 3.7%, owning a total of 959,886 shares valued at approximately $420 million as of its latest SEC filing.
• Motorola Solutions reported a quarterly earnings of $3.57 per share, exceeding analysts' expectations of $3.36, with revenues of $2.77 billion showing a 5.2% increase year-over-year.
• The company declared a quarterly dividend of $1.09 per share, contributing to an annualized dividend of $4.36 and a dividend yield of 1.0%.

Charles Schwab Investment Management Inc. grew its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 3.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 959,886 shares of the communications equipment provider's stock after purchasing an additional 33,877 shares during the period. Charles Schwab Investment Management Inc. owned 0.57% of Motorola Solutions worth $420,248,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Kingswood Wealth Advisors LLC boosted its position in shares of Motorola Solutions by 3.2% in the first quarter. Kingswood Wealth Advisors LLC now owns 935 shares of the communications equipment provider's stock worth $409,000 after acquiring an additional 29 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Motorola Solutions by 228.9% in the first quarter. Oppenheimer & Co. Inc. now owns 8,367 shares of the communications equipment provider's stock worth $3,663,000 after acquiring an additional 5,823 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Motorola Solutions in the first quarter worth approximately $874,000. Farther Finance Advisors LLC boosted its position in shares of Motorola Solutions by 35.1% in the first quarter. Farther Finance Advisors LLC now owns 1,344 shares of the communications equipment provider's stock worth $586,000 after acquiring an additional 349 shares during the last quarter. Finally, Breed s Hill Capital LLC acquired a new stake in shares of Motorola Solutions in the fourth quarter worth approximately $327,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Katherine A. Maher sold 1,073 shares of the business's 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 completion of the transaction, the chief accounting officer owned 804 shares of the company's stock, valued at approximately $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.44% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Wolfe Research began coverage on shares of Motorola Solutions in a report on Monday, July 7th. They issued a "peer perform" rating on the stock. UBS Group reiterated a "buy" rating and set a $510.00 price objective (up previously from $490.00) on shares of Motorola Solutions in a research note on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Wall Street Zen lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Motorola Solutions has an average rating of "Moderate Buy" and a consensus target price of $512.67.

Motorola Solutions Stock Up 2.0%

Shares of NYSE:MSI traded up $9.02 during midday trading on Friday, reaching $454.12. The company had a trading volume of 1,617,473 shares, compared to its average volume of 862,888. The stock has a market capitalization of $75.80 billion, a P/E ratio of 36.56, a PEG ratio of 3.86 and a beta of 0.97. The stock's fifty day moving average price is $421.20 and its 200-day moving average price is $427.61. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03. Motorola Solutions, Inc. has a one year low of $388.90 and a one year high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $3.57 EPS for the quarter, topping analysts' consensus estimates of $3.36 by $0.21. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.74 billion. Motorola Solutions had a net margin of 19.08% and a return on equity of 143.08%. The firm's revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.24 earnings per share. Equities research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were issued 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 dividend yield of 1.0%. Motorola Solutions's payout ratio is 36.39%.

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.