LPL Financial LLC Buys 12,175 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• LPL Financial LLC has increased its stake in Motorola Solutions, Inc. by 9.9%, now owning approximately 135,091 shares valued at about $59.14 million.
• Motorola Solutions has recently experienced changes in analyst ratings, including a downgrade from "buy" to "hold" by Wall Street Zen, while UBS initiated coverage with a "buy" rating and a price target of $490.00.
• Motorola Solutions reported earnings of $3.18 EPS for the last quarter, beating estimates, with a revenue increase of 5.8% compared to the same quarter last year.

LPL Financial LLC lifted its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 9.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 135,091 shares of the communications equipment provider's stock after purchasing an additional 12,175 shares during the period. LPL Financial LLC owned about 0.08% of Motorola Solutions worth $59,144,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in MSI. GAMMA Investing LLC lifted its position in Motorola Solutions by 43,787.3% during the first quarter. GAMMA Investing LLC now owns 1,084,455 shares of the communications equipment provider's stock valued at $474,785,000 after buying an additional 1,081,984 shares during the period. Kovitz Investment Group Partners LLC lifted its position in Motorola Solutions by 209.3% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 559,306 shares of the communications equipment provider's stock valued at $258,528,000 after buying an additional 378,462 shares during the period. FMR LLC lifted its position in Motorola Solutions by 12.4% during the fourth quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider's stock valued at $1,400,980,000 after buying an additional 334,639 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in Motorola Solutions by 541.2% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 331,910 shares of the communications equipment provider's stock valued at $145,312,000 after buying an additional 280,145 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Motorola Solutions by 66.7% during the fourth quarter. Janus Henderson Group PLC now owns 698,816 shares of the communications equipment provider's stock valued at $323,020,000 after buying an additional 279,655 shares during the period. Institutional investors own 84.17% of the company's stock.

Motorola Solutions Price Performance

MSI stock traded up $0.33 during midday trading on Tuesday, hitting $440.30. The company's stock had a trading volume of 591,360 shares, compared to its average volume of 894,544. Motorola Solutions, Inc. has a 12 month low of $388.90 and a 12 month high of $507.82. 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 firm has a market capitalization of $73.49 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 3.76 and a beta of 0.97. The company has a 50 day moving average of $419.12 and a two-hundred day moving average of $427.99.

Motorola Solutions Dividend Announcement

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

Analyst Ratings Changes

MSI has been the subject of several recent analyst reports. UBS Group initiated coverage on Motorola Solutions in a research report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price target for the company. JPMorgan Chase & Co. lowered their target price on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Wolfe Research assumed coverage on shares of Motorola Solutions in a research note on Monday, July 7th. They set a "peer perform" rating on the stock. Barclays lowered their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, Wall Street Zen lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $510.67.

Insider Activity at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction that occurred on 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 directly owned 804 shares in the company, valued at approximately $336,618.72. This represents a 57.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.44% of the company's stock.

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.