Commerce Bank Acquires 12,525 Shares of Motorola Solutions, Inc. (NYSE:MSI)

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 raised its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 6.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 205,336 shares of the communications equipment provider's stock after buying an additional 12,525 shares during the period. Commerce Bank owned about 0.12% of Motorola Solutions worth $89,898,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators lifted its stake in Motorola Solutions by 5.4% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 471 shares of the communications equipment provider's stock valued at $206,000 after acquiring an additional 24 shares in the last quarter. Clark Capital Management Group Inc. raised its holdings in shares of Motorola Solutions by 4.3% in the fourth 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 position in shares of Motorola Solutions by 2.0% during the first 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 in the last quarter. D.A. Davidson & CO. boosted its holdings in Motorola Solutions by 2.7% during the first quarter. D.A. Davidson & CO. now owns 1,079 shares of the communications equipment provider's stock worth $473,000 after purchasing an additional 28 shares during the last quarter. Finally, Range Financial Group LLC grew its position in Motorola Solutions by 2.0% in the 1st quarter. Range Financial Group LLC now owns 1,479 shares of the communications equipment provider's stock worth $648,000 after purchasing an additional 29 shares in the last quarter. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Stock Performance

NYSE:MSI opened at $439.18 on Friday. The company has a market capitalization of $73.31 billion, a P/E ratio of 36.66, a P/E/G ratio of 3.75 and a beta of 0.95. The business has a fifty day simple moving average of $418.35 and a two-hundred day simple moving average of $428.78. 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 1 year low of $388.90 and a 1 year high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm posted $2.81 EPS. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were paid a $1.09 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.0%. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Insider Buying and Selling at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the company's stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 804 shares in the company, valued at approximately $336,618.72. This represents a 57.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.44% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on MSI. JPMorgan Chase & Co. dropped their target price on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Barclays decreased their price target on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Wolfe Research started coverage on Motorola Solutions in a research note on Monday, July 7th. They issued a "peer perform" rating for the company. Finally, UBS Group began coverage on Motorola Solutions in a research report on Wednesday, July 16th. They set a "buy" rating and a $490.00 target price for the company. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Motorola Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $510.67.

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.

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