Motorola Solutions, Inc. (NYSE:MSI) Stock Position Raised by Covea Finance

Covea Finance boosted its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 29.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,445 shares of the communications equipment provider's stock after acquiring an additional 19,600 shares during the period. Motorola Solutions accounts for 1.7% of Covea Finance's portfolio, making the stock its 18th largest position. Covea Finance owned approximately 0.05% of Motorola Solutions worth $37,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Motorola Solutions during the 4th quarter valued at approximately $1,528,949,000. Norges Bank bought a new stake in Motorola Solutions in the fourth quarter valued at $1,073,645,000. GAMMA Investing LLC boosted its holdings in shares of Motorola Solutions by 43,787.3% during the first quarter. GAMMA Investing LLC now owns 1,084,455 shares of the communications equipment provider's stock valued at $474,785,000 after acquiring an additional 1,081,984 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Motorola Solutions by 330.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider's stock worth $291,922,000 after acquiring an additional 484,727 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Motorola Solutions by 12.1% in the 4th quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock worth $1,933,360,000 after acquiring an additional 451,172 shares during the period. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock traded up $1.30 on Friday, hitting $406.04. The company had a trading volume of 1,457,806 shares, compared to its average volume of 816,515. Motorola Solutions, Inc. has a 52 week low of $380.72 and a 52 week high of $507.82. 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 $67.78 billion, a PE ratio of 33.89, a PEG ratio of 3.50 and a beta of 0.96. The business has a 50-day simple moving average of $418.23 and a 200-day simple moving average of $437.76.

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

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a dividend of $1.09 per share. The ex-dividend date is Friday, June 13th. This represents a $4.36 annualized dividend and a yield of 1.07%. Motorola Solutions's dividend payout ratio is currently 36.39%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays cut their price target on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. decreased their price objective on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $513.25.

Insider Activity at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the business'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 value of $449,243.64. Following the sale, the chief accounting officer now directly owns 804 shares in the company, valued at $336,618.72. The trade was a 57.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.44% of the company's stock.

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.