Motorola Solutions, Inc. (NYSE:MSI) Shares Acquired by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC increased its stake in Motorola Solutions by 70.1%, purchasing an additional 4,469 shares, bringing their total holdings to 10,843 shares worth approximately $4.7 million.
• Motorola Solutions' latest earnings report showed an EPS of $3.18, which exceeded analysts' expectations, alongside a revenue of $2.53 billion, marking a 5.8% increase year-over-year.
• Several analysts have updated their ratings and price targets for Motorola Solutions, with a consensus price target currently at $510.67, reflecting the stock's potential for growth.

HB Wealth Management LLC increased its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 70.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,843 shares of the communications equipment provider's stock after purchasing an additional 4,469 shares during the quarter. HB Wealth Management LLC's holdings in Motorola Solutions were worth $4,747,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. ORG Wealth Partners LLC raised its holdings in Motorola Solutions by 346.2% in the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock worth $25,000 after purchasing an additional 45 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Motorola Solutions during the fourth quarter valued at approximately $32,000. Fourth Dimension Wealth LLC acquired a new position in shares of Motorola Solutions during the fourth quarter valued at approximately $34,000. Community Bank N.A. acquired a new position in shares of Motorola Solutions during the first quarter valued at approximately $32,000. Finally, Fort Vancouver Investment Management LLC acquired a new position in shares of Motorola Solutions during the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Analysts Set New Price Targets

MSI has been the subject of several recent research reports. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. cut their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wolfe Research initiated coverage on Motorola Solutions in a report on Monday, July 7th. They issued a "peer perform" rating for the company. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Finally, Barclays cut their price target on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Motorola Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $510.67.

Motorola Solutions Stock Up 1.2%

Shares of NYSE MSI traded up $5.23 during mid-day trading on Thursday, hitting $441.30. The company had a trading volume of 395,431 shares, compared to its average volume of 886,205. The company has a market capitalization of $73.66 billion, a PE ratio of 36.83, a price-to-earnings-growth ratio of 3.73 and a beta of 0.95. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03. Motorola Solutions, Inc. has a 1-year low of $388.90 and a 1-year high of $507.82. The business's 50-day simple moving average is $418.00 and its 200 day simple moving average is $428.91.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (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 analysts' expectations of $2.52 billion. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $2.81 earnings per share. On average, analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) is 36.39%.

Insider Transactions at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction dated Thursday, May 29th. The stock was 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 directly owned 804 shares of the company's stock, valued at $336,618.72. The trade was a 57.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.44% of the stock is owned by company insiders.

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.