Fragasso Financial Advisors Inc Grows Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Fragasso Financial Advisors Inc lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 34.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Crews Bank & Trust purchased a new position in Motorola Solutions in the 4th quarter worth approximately $26,000. First Command Advisory Services Inc. purchased a new position in Motorola Solutions in the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new position in Motorola Solutions in the 4th quarter worth approximately $30,000. Meeder Asset Management Inc. purchased a new position in Motorola Solutions in the 4th quarter worth approximately $32,000. Finally, Fourth Dimension Wealth LLC purchased a new position in Motorola Solutions in the 4th quarter worth approximately $34,000. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Trading Down 0.4%

Motorola Solutions stock traded down $1.65 during mid-day trading on Thursday, hitting $415.75. The company's stock had a trading volume of 336,992 shares, compared to its average volume of 804,253. The company has a 50 day moving average of $420.13 and a 200-day moving average of $445.29. The stock has a market cap of $69.40 billion, a PE ratio of 45.09, a P/E/G ratio of 3.82 and a beta of 0.98. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. Motorola Solutions, Inc. has a one year low of $365.27 and a one 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 EPS for the quarter, beating the consensus estimate of $3.01 by $0.17. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. Motorola Solutions's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.81 EPS. On average, 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. Shareholders of record on Friday, June 13th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 1.05%. The ex-dividend date is Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Analyst Ratings Changes

Several analysts have recently issued reports on MSI shares. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. decreased their price objective on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Morgan Stanley increased their price target on Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Finally, Barclays decreased 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. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $513.25.

Insider Buying and Selling at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction on 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 now owns 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 1.44% of the stock is currently owned by corporate insiders.

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.