Entropy Technologies LP Takes $1.58 Million Position in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Entropy Technologies LP acquired 3,617 shares of Motorola Solutions, valued at approximately $1,584,000, as part of its investment strategy in the 1st quarter.
• Motorola Solutions reported $3.57 EPS in its latest earnings, surpassing analysts' expectations, and recorded a 19.08% net margin with a revenue increase of 5.2% compared to the previous year.
• The company announced a $1.09 quarterly dividend, reflecting a 1.0% yield and a dividend payout ratio of 36.39%.

Entropy Technologies LP bought a new position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,617 shares of the communications equipment provider's stock, valued at approximately $1,584,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Invesco Ltd. raised its holdings in shares of Motorola Solutions by 2.6% in the 1st quarter. Invesco Ltd. now owns 2,043,914 shares of the communications equipment provider's stock worth $894,846,000 after acquiring an additional 50,891 shares during the last quarter. Benjamin Edwards Inc. grew its position in Motorola Solutions by 20.9% in the 1st quarter. Benjamin Edwards Inc. now owns 89,765 shares of the communications equipment provider's stock worth $39,301,000 after purchasing an additional 15,491 shares in the last quarter. JPMorgan Chase & Co. grew its position in Motorola Solutions by 5.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,703,056 shares of the communications equipment provider's stock worth $745,616,000 after purchasing an additional 84,312 shares in the last quarter. Frank Rimerman Advisors LLC grew its position in Motorola Solutions by 6.1% in the 1st quarter. Frank Rimerman Advisors LLC now owns 2,011 shares of the communications equipment provider's stock worth $880,000 after purchasing an additional 116 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Motorola Solutions by 147.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,637 shares of the communications equipment provider's stock worth $4,657,000 after purchasing an additional 6,332 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MSI. Barclays reduced their price objective on shares of Motorola Solutions from $511.00 to $509.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Wolfe Research initiated coverage on shares of Motorola Solutions in a research report on Monday, July 7th. They set a "peer perform" rating for the company. JPMorgan Chase & Co. reduced their target price 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, UBS Group increased their target price on shares of Motorola Solutions from $490.00 to $510.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $512.67.

Motorola Solutions Stock Performance

MSI traded down $2.88 on Friday, hitting $458.73. The company's stock had a trading volume of 616,906 shares, compared to its average volume of 910,840. Motorola Solutions, Inc. has a 12 month low of $388.90 and a 12 month high of $507.82. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86. The firm has a market cap of $76.42 billion, a P/E ratio of 36.91, a price-to-earnings-growth ratio of 3.82 and a beta of 0.97. The company's 50 day simple moving average is $425.02 and its 200-day simple moving average is $427.72.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its earnings results on Thursday, August 7th. The communications equipment provider reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.36 by $0.21. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The business had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.74 billion. During the same period in the prior year, the company posted $3.24 EPS. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Insiders Place Their Bets

In other Motorola Solutions 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 value of $449,243.64. Following the completion of the sale, the chief accounting officer directly owned 804 shares of the company's stock, valued at $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.44% of the stock is owned by corporate insiders.

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.