Motorola Solutions, Inc. (NYSE:MSI) Shares Bought by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc grew its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 34.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,289 shares of the communications equipment provider's stock after acquiring an additional 2,367 shares during the quarter. Fragasso Financial Advisors Inc's holdings in Motorola Solutions were worth $4,067,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSI. NBC Securities Inc. increased its position in shares of Motorola Solutions by 112,700.0% during the 1st quarter. NBC Securities Inc. now owns 2,256 shares of the communications equipment provider's stock valued at $987,000 after purchasing an additional 2,254 shares during the last quarter. Czech National Bank raised its holdings in Motorola Solutions by 5.9% during the first quarter. Czech National Bank now owns 38,385 shares of the communications equipment provider's stock valued at $16,805,000 after acquiring an additional 2,149 shares during the period. Rhumbline Advisers lifted its position in shares of Motorola Solutions by 2.1% in the first quarter. Rhumbline Advisers now owns 353,568 shares of the communications equipment provider's stock valued at $154,795,000 after acquiring an additional 7,433 shares in the last quarter. Bowman & Co S.C. boosted its stake in Motorola Solutions by 5.0% in the 1st quarter. Bowman & Co S.C. now owns 10,042 shares of the communications equipment provider's stock worth $4,397,000 after purchasing an additional 474 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its holdings in Motorola Solutions by 16.8% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,637 shares of the communications equipment provider's stock valued at $1,592,000 after acquiring an additional 524 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MSI. Wall Street Zen lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Barclays lowered their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Morgan Stanley raised their price target on Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Finally, William Blair restated an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $513.25.

Motorola Solutions Stock Performance

MSI stock traded down $4.66 during midday trading on Wednesday, reaching $417.55. The stock had a trading volume of 1,056,175 shares, compared to its average volume of 805,636. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. The firm has a fifty day simple moving average of $420.45 and a two-hundred day simple moving average of $445.48. The stock has a market cap of $69.70 billion, a PE ratio of 45.29, a P/E/G ratio of 3.82 and a beta of 0.98. Motorola Solutions, Inc. has a 52-week low of $365.24 and a 52-week high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.01 by $0.17. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.81 EPS. As a group, equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total value of $449,243.64. Following the transaction, the chief accounting officer now owns 804 shares in the company, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.44% of the company's stock.

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.