Motorola Solutions, Inc. (NYSE:MSI) Stock Position Increased by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 9.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,381 shares of the communications equipment provider's stock after purchasing an additional 3,183 shares during the period. IFM Investors Pty Ltd's holdings in Motorola Solutions were worth $15,908,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Norges Bank acquired a new stake in Motorola Solutions in the 4th quarter worth about $1,073,645,000. GAMMA Investing LLC boosted its position in shares of Motorola Solutions by 43,787.3% in the first quarter. GAMMA Investing LLC now owns 1,084,455 shares of the communications equipment provider's stock worth $474,785,000 after acquiring an additional 1,081,984 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Motorola Solutions by 330.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider's stock valued at $291,922,000 after purchasing an additional 484,727 shares during the period. Geode Capital Management LLC increased its position in Motorola Solutions by 12.1% during the fourth quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock worth $1,933,360,000 after purchasing an additional 451,172 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its stake in Motorola Solutions by 209.3% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 559,306 shares of the communications equipment provider's stock worth $258,528,000 after purchasing an additional 378,462 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Up 0.5%

MSI stock traded up $2.28 during midday trading on Friday, hitting $424.55. 494,717 shares of the company's stock were exchanged, compared to its average volume of 824,933. The firm has a 50 day moving average price of $417.48 and a 200-day moving average price of $434.13. Motorola Solutions, Inc. has a 12-month low of $384.51 and a 12-month high of $507.82. The stock has a market capitalization of $70.87 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 3.66 and a beta of 0.95. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.01 by $0.17. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. The business's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.81 earnings per share. On average, analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 dividend yield of 1.03%. The ex-dividend date is Friday, June 13th. Motorola Solutions's payout ratio is 36.39%.

Insider Transactions at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction that occurred 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 of the company's stock, valued at approximately $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.44% of the company's stock.

Analysts Set New Price Targets

MSI has been the subject of several research reports. Barclays lowered their price objective 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. 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. Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $513.25.

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.