Invesco Ltd. Purchases 50,891 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Invesco Ltd. increased its stake in Motorola Solutions by 2.6%, acquiring an additional 50,891 shares during the first quarter, bringing its total ownership to approximately 1.22% of the company, valued at around $894.8 million.
• Motorola Solutions reported a Q2 EPS of $3.57, exceeding estimates, and experienced a 5.2% year-over-year revenue increase, amounting to $2.77 billion.
• Wall Street analysts have expressed a positive outlook, with a consensus rating of "Moderate Buy" and an average target price of $512.67, despite some analysts adjusting their price targets downwards.

Invesco Ltd. raised its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 2.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,043,914 shares of the communications equipment provider's stock after acquiring an additional 50,891 shares during the period. Invesco Ltd. owned approximately 1.22% of Motorola Solutions worth $894,846,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MSI. Vanguard Group Inc. boosted its stake in Motorola Solutions by 1.5% in the first quarter. Vanguard Group Inc. now owns 21,501,114 shares of the communications equipment provider's stock valued at $9,413,403,000 after buying an additional 321,280 shares in the last quarter. Northern Trust Corp boosted its stake in Motorola Solutions by 15.9% in the fourth quarter. Northern Trust Corp now owns 1,868,559 shares of the communications equipment provider's stock valued at $863,704,000 after buying an additional 256,707 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Motorola Solutions by 5.2% in the first quarter. JPMorgan Chase & Co. now owns 1,703,056 shares of the communications equipment provider's stock valued at $745,616,000 after buying an additional 84,312 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Motorola Solutions by 15.7% in the fourth quarter. Nuveen Asset Management LLC now owns 1,554,252 shares of the communications equipment provider's stock valued at $718,422,000 after buying an additional 210,662 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Motorola Solutions by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,520,116 shares of the communications equipment provider's stock valued at $665,522,000 after buying an additional 187,400 shares in the last quarter. Institutional investors own 84.17% of the company's stock.

Wall Street Analysts Forecast Growth

MSI has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. UBS Group reiterated a "buy" rating and set a $510.00 price target (up from $490.00) on shares of Motorola Solutions in a report on Friday. Wolfe Research initiated coverage on shares of Motorola Solutions in a report on Monday, July 7th. They set a "peer perform" rating for the company. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Finally, Barclays set a $509.00 price objective on Motorola Solutions and gave the company an "overweight" rating in a report on Friday. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Motorola Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $512.67.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $454.12 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. The business has a 50-day moving average price of $421.20 and a two-hundred day moving average price of $427.61. The company has a market cap of $75.80 billion, a P/E ratio of 36.56, a PEG ratio of 3.86 and a beta of 0.97. Motorola Solutions, Inc. has a 1-year low of $388.90 and a 1-year high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its earnings results on Thursday, August 7th. The communications equipment provider reported $3.57 EPS for the quarter, beating the consensus estimate of $3.36 by $0.21. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.74 billion. Motorola Solutions had a return on equity of 143.08% and a net margin of 19.08%. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $3.24 EPS. As a group, analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were paid a dividend of $1.09 per share. The ex-dividend date was Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a yield of 1.0%. Motorola Solutions's payout ratio 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 transaction, the chief accounting officer owned 804 shares in the company, valued at approximately $336,618.72. The trade was a 57.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.44% of the company's stock.

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.

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