1,244 Shares in Motorola Solutions, Inc. (NYSE:MSI) Bought by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC purchased a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,244 shares of the communications equipment provider's stock, valued at approximately $545,000.

A number of other hedge funds have also recently bought and sold shares of MSI. Perennial Investment Advisors LLC grew its stake in Motorola Solutions by 14.4% in the fourth quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock valued at $383,000 after purchasing an additional 104 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Motorola Solutions in the fourth quarter valued at approximately $208,000. Proficio Capital Partners LLC lifted its position in shares of Motorola Solutions by 22.6% in the fourth quarter. Proficio Capital Partners LLC now owns 683 shares of the communications equipment provider's stock valued at $316,000 after buying an additional 126 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Motorola Solutions by 7.6% in the fourth quarter. Farther Finance Advisors LLC now owns 995 shares of the communications equipment provider's stock valued at $460,000 after buying an additional 70 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Motorola Solutions by 5.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 44,222 shares of the communications equipment provider's stock valued at $20,441,000 after buying an additional 2,192 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MSI. UBS Group began coverage on Motorola Solutions in a research report on Wednesday. They issued a "buy" rating and a $490.00 price objective for the company. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Wolfe Research initiated coverage on Motorola Solutions in a research report on Monday, July 7th. They issued a "peer perform" rating for the company. Barclays dropped 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. Finally, Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Motorola Solutions presently has an average rating of "Moderate Buy" and an average price target of $510.67.

Insider Activity

In related news, CAO Katherine A. Maher sold 1,073 shares of the business's 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 sale, the chief accounting officer owned 804 shares in the company, valued at $336,618.72. The trade was a 57.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.44% of the company's stock.

Motorola Solutions Stock Performance

NYSE:MSI traded up $7.44 during mid-day trading on Wednesday, hitting $416.17. 973,516 shares of the stock were exchanged, compared to its average volume of 829,334. The stock has a market capitalization of $69.47 billion, a price-to-earnings ratio of 34.74, a price-to-earnings-growth ratio of 3.52 and a beta of 0.95. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.03 and a current ratio of 1.20. The firm's 50-day simple moving average is $416.44 and its 200 day simple moving average is $431.27. Motorola Solutions, Inc. has a fifty-two week low of $385.17 and a fifty-two week 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 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.17. The firm had revenue of $2.53 billion during 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 quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.81 EPS. As a group, equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were paid a $1.09 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.05%. Motorola Solutions's payout ratio is 36.39%.

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.