Motorola Solutions, Inc. (NYSE:MSI) Shares Purchased by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 11.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,531 shares of the communications equipment provider's stock after buying an additional 4,199 shares during the period. Johnson Investment Counsel Inc.'s holdings in Motorola Solutions were worth $18,620,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Command Advisory Services Inc. acquired a new stake in shares of Motorola Solutions during the fourth quarter worth $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Motorola Solutions during the fourth quarter worth $30,000. Meeder Asset Management Inc. acquired a new position in Motorola Solutions during the fourth quarter valued at $32,000. Fourth Dimension Wealth LLC acquired a new position in Motorola Solutions during the fourth quarter valued at $34,000. Finally, Community Bank N.A. acquired a new position in Motorola Solutions during the first quarter valued at $32,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

MSI traded up $1.30 on Friday, reaching $406.04. The stock had a trading volume of 1,457,806 shares, compared to its average volume of 816,515. Motorola Solutions, Inc. has a 12-month low of $380.72 and a 12-month high of $507.82. 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's 50-day moving average price is $418.23 and its two-hundred day moving average price is $437.76. The company has a market cap of $67.78 billion, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 3.50 and a beta of 0.96.

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, beating analysts' consensus estimates of $3.01 by $0.17. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter in the previous year, the company earned $2.81 earnings per share. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. Sell-side analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

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 paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.07%. Motorola Solutions's dividend payout ratio is currently 36.39%.

Insider Transactions at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the transaction, the chief accounting officer now directly owns 804 shares in the company, valued at $336,618.72. The trade was a 57.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.44% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MSI. Barclays decreased their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. decreased their target price on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. William Blair restated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Finally, Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.