Legacy Capital Group California Inc. Grows Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Legacy Capital Group California Inc. increased its stake in Motorola Solutions by 110.0%, now owning 3,186 shares worth approximately $1.4 million following the purchase of 1,669 additional shares.
• Motorola Solutions has received mixed analyst ratings, with a consensus rating of "Moderate Buy" and an average price target of $510.67 based on recent research reports.
• The company announced a quarterly dividend of $1.09, yielding approximately 1.0%, with a dividend payout ratio of 36.39%.

Legacy Capital Group California Inc. raised its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 110.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,186 shares of the communications equipment provider's stock after buying an additional 1,669 shares during the quarter. Legacy Capital Group California Inc.'s holdings in Motorola Solutions were worth $1,395,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Revolve Wealth Partners LLC bought a new stake in Motorola Solutions in the 4th quarter valued at about $208,000. Wedbush Securities Inc. boosted its position in Motorola Solutions by 25.2% during the fourth quarter. Wedbush Securities Inc. now owns 1,033 shares of the communications equipment provider's stock worth $477,000 after purchasing an additional 208 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Motorola Solutions in the fourth quarter worth about $183,000. Twin Capital Management Inc. bought a new stake in shares of Motorola Solutions in the fourth quarter valued at approximately $947,000. Finally, Bank of Nova Scotia lifted its stake in shares of Motorola Solutions by 279.7% during the 4th quarter. Bank of Nova Scotia now owns 171,740 shares of the communications equipment provider's stock valued at $79,383,000 after buying an additional 126,512 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company's stock.

Wall Street Analysts Forecast Growth

MSI has been the subject of a number of recent research reports. UBS Group began coverage on shares of Motorola Solutions in a research note on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price objective for the company. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Wolfe Research started coverage on Motorola Solutions in a report on Monday, July 7th. They set a "peer perform" rating for the company. Finally, Barclays decreased their price target 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. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Motorola Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $510.67.

Motorola Solutions Trading Down 1.2%

Shares of Motorola Solutions stock opened at $434.77 on Wednesday. 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, Inc. has a 1 year low of $388.90 and a 1 year high of $507.82. The firm has a market cap of $72.57 billion, a PE ratio of 36.29, a PEG ratio of 3.79 and a beta of 0.97. The company has a 50 day simple moving average of $419.42 and a two-hundred day simple moving average of $428.04.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, June 13th. Motorola Solutions's dividend payout ratio is currently 36.39%.

Insider Buying and Selling

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the firm's 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 sale, the chief accounting officer owned 804 shares in the company, valued at $336,618.72. This trade represents a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.44% of the stock is currently owned by corporate insiders.

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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