Illinois Municipal Retirement Fund Raises Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Illinois Municipal Retirement Fund increased its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 18.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,511 shares of the communications equipment provider's stock after acquiring an additional 4,949 shares during the period. Illinois Municipal Retirement Fund's holdings in Motorola Solutions were worth $13,796,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MSI. ORG Wealth Partners LLC grew its stake in shares of Motorola Solutions by 346.2% during the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock valued at $25,000 after purchasing an additional 45 shares during the period. First Command Advisory Services Inc. bought a new position in shares of Motorola Solutions in the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. bought a new position in shares of Motorola Solutions in the 4th quarter worth approximately $30,000. Meeder Asset Management Inc. purchased a new position in shares of Motorola Solutions in the fourth quarter worth approximately $32,000. Finally, Fourth Dimension Wealth LLC bought a new stake in Motorola Solutions during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 84.17% of the company's stock.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the sale, the chief accounting officer now owns 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.44% of the stock is currently owned by corporate insiders.

Motorola Solutions Price Performance

MSI stock traded up $2.85 during trading on Friday, reaching $418.12. The company's stock had a trading volume of 908,372 shares, compared to its average volume of 819,265. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42. The company's fifty day moving average is $417.53 and its 200-day moving average is $436.12. The company has a market capitalization of $69.79 billion, a P/E ratio of 34.90, a price-to-earnings-growth ratio of 3.61 and a beta of 0.96. Motorola Solutions, Inc. has a 1 year low of $384.15 and a 1 year high of $507.82.

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

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price objective 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 reaffirmed an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Finally, Barclays reduced their price target on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $513.25.

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.