Motorola Solutions, Inc. (NYSE:MSI) Shares Purchased by Commerce Bank

Key Points

• Commerce Bank increased its stake in Motorola Solutions by 6.5% during the first quarter, acquiring an additional 12,525 shares for a total of 205,336 shares worth approximately $89.9 million.
• Motorola Solutions reported earnings per share of $3.18 for the last quarter, surpassing estimates and marking a 5.8% year-over-year revenue growth to $2.53 billion.
• The company recently declared a $1.09 quarterly dividend, yielding 1.0% with a payout ratio of 36.39%.

Commerce Bank lifted its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 6.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 205,336 shares of the communications equipment provider's stock after purchasing an additional 12,525 shares during the quarter. Commerce Bank owned about 0.12% of Motorola Solutions worth $89,898,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSI. Deseret Mutual Benefit Administrators lifted its holdings in Motorola Solutions by 5.4% in the first quarter. Deseret Mutual Benefit Administrators now owns 471 shares of the communications equipment provider's stock worth $206,000 after acquiring an additional 24 shares during the last quarter. Clark Capital Management Group Inc. lifted its stake in shares of Motorola Solutions by 4.3% in the 4th quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider's stock valued at $294,000 after purchasing an additional 26 shares during the last quarter. Wesbanco Bank Inc. lifted its stake in shares of Motorola Solutions by 2.0% in the 1st quarter. Wesbanco Bank Inc. now owns 1,315 shares of the communications equipment provider's stock valued at $576,000 after purchasing an additional 26 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Motorola Solutions by 2.7% in the 1st quarter. D.A. Davidson & CO. now owns 1,079 shares of the communications equipment provider's stock worth $473,000 after acquiring an additional 28 shares during the period. Finally, Range Financial Group LLC boosted its position in Motorola Solutions by 2.0% in the first quarter. Range Financial Group LLC now owns 1,479 shares of the communications equipment provider's stock valued at $648,000 after buying an additional 29 shares in the last quarter. 84.17% of the stock is owned by institutional investors.

Insider Activity at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $418.68, for a total transaction of $449,243.64. Following the transaction, the chief accounting officer owned 804 shares of the company's stock, valued at approximately $336,618.72. This represents a 57.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.44% of the company's stock.

Analysts Set New Price Targets

MSI has been the subject of several recent analyst reports. Wolfe Research began coverage on shares of Motorola Solutions in a research note on Monday, July 7th. They issued a "peer perform" rating for the company. UBS Group initiated coverage on shares of Motorola Solutions in a research report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 target price for the company. Barclays reduced their price objective on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Wall Street Zen lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, 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 report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $510.67.

Motorola Solutions Stock Performance

MSI stock traded down $0.65 during trading on Tuesday, hitting $439.32. 644,645 shares of the company traded hands, compared to its average volume of 894,752. The stock's 50-day simple moving average is $419.12 and its 200 day simple moving average is $427.99. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03. The company has a market cap of $73.33 billion, a PE ratio of 36.67, a P/E/G ratio of 3.76 and a beta of 0.97. Motorola Solutions, Inc. has a 1 year low of $388.90 and a 1 year high of $507.82.

Motorola Solutions Dividend Announcement

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

Motorola Solutions Company 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.