Invesco LLC Invests $520,000 in Motorola Solutions, Inc. (NYSE:MSI)

Invesco LLC bought a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,188 shares of the communications equipment provider's stock, valued at approximately $520,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. ORG Wealth Partners LLC boosted its position in shares of Motorola Solutions by 346.2% during the first 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 in the last quarter. First Command Advisory Services Inc. bought a new stake in Motorola Solutions during the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new stake in shares of Motorola Solutions during the fourth quarter valued at approximately $30,000. Meeder Asset Management Inc. purchased a new position in shares of Motorola Solutions in the fourth quarter worth $32,000. Finally, Community Bank N.A. bought a new position in Motorola Solutions during the 1st quarter valued at about $32,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total value of $449,243.64. Following the completion of the sale, the chief accounting officer now directly owns 804 shares in the company, valued at $336,618.72. This trade represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Stock Performance

Shares of NYSE:MSI traded up $7.50 during mid-day trading on Tuesday, reaching $418.37. 979,033 shares of the company traded hands, compared to its average volume of 818,961. Motorola Solutions, Inc. has a 52 week low of $380.72 and a 52 week high of $507.82. The firm has a market cap of $69.83 billion, a PE ratio of 34.92, a PEG ratio of 3.50 and a beta of 0.96. The company's 50 day moving average price is $417.90 and its 200-day moving average price is $436.80. 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 (NYSE:MSI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.01 by $0.17. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the business earned $2.81 earnings per share. The business's revenue was up 5.8% on a year-over-year basis. On average, equities analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Friday, June 13th. Motorola Solutions's payout ratio is 36.39%.

Analysts Set New Price Targets

A number of research firms have commented on MSI. 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. cut their price objective on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Finally, Barclays dropped their target price on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Motorola Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $513.25.

Motorola Solutions 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.