Harrell Investment Partners LLC Buys 1,219 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Harrell Investment Partners LLC boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 5.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 25,293 shares of the communications equipment provider's stock after buying an additional 1,219 shares during the period. Motorola Solutions makes up approximately 3.3% of Harrell Investment Partners LLC's holdings, making the stock its 5th biggest holding. Harrell Investment Partners LLC's holdings in Motorola Solutions were worth $11,074,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Prestige Wealth Management Group LLC lifted its position in Motorola Solutions by 11.9% during the fourth quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider's stock worth $109,000 after purchasing an additional 25 shares during the period. Hazlett Burt & Watson Inc. raised its stake in Motorola Solutions by 22.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider's stock worth $63,000 after acquiring an additional 25 shares in the last quarter. Clark Capital Management Group Inc. raised its stake in Motorola Solutions by 4.3% during the fourth quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider's stock worth $294,000 after acquiring an additional 26 shares in the last quarter. Wesbanco Bank Inc. raised its stake in Motorola Solutions by 2.0% during the first quarter. Wesbanco Bank Inc. now owns 1,315 shares of the communications equipment provider's stock worth $576,000 after acquiring an additional 26 shares in the last quarter. Finally, Cozad Asset Management Inc. raised its stake in Motorola Solutions by 2.8% during the fourth quarter. Cozad Asset Management Inc. now owns 1,008 shares of the communications equipment provider's stock worth $466,000 after acquiring an additional 27 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. JPMorgan Chase & Co. lowered their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Wall Street Zen downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Barclays lowered their target price on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Motorola Solutions has an average rating of "Moderate Buy" and an average price target of $513.25.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $404.41 on Thursday. The business has a 50 day moving average of $418.74 and a 200-day moving average of $439.44. Motorola Solutions, Inc. has a 1 year low of $380.72 and a 1 year 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 capitalization of $67.50 billion, a P/E ratio of 33.76, a P/E/G ratio of 3.50 and a beta of 0.96.

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, beating analysts' consensus estimates of $3.01 by $0.17. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.81 EPS. On average, equities research analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions's dividend payout ratio 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 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 completion of the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. 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.

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