Mission Wealth Management LP Grows Position in Motorola Solutions, Inc. (NYSE:MSI)

Mission Wealth Management LP raised its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 317.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 3,570 shares of the communications equipment provider's stock after purchasing an additional 2,714 shares during the period. Mission Wealth Management LP's holdings in Motorola Solutions were worth $1,563,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MSI. Perennial Investment Advisors LLC increased its holdings in Motorola Solutions by 14.4% during the fourth quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock valued at $383,000 after buying an additional 104 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Motorola Solutions in the 4th quarter valued at $24,136,000. Revolve Wealth Partners LLC bought a new position in shares of Motorola Solutions in the 4th quarter worth $208,000. Vontobel Holding Ltd. raised its position in shares of Motorola Solutions by 49.8% in the 4th quarter. Vontobel Holding Ltd. now owns 6,059 shares of the communications equipment provider's stock worth $2,801,000 after acquiring an additional 2,015 shares in the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in shares of Motorola Solutions by 3.8% during the 4th quarter. Valeo Financial Advisors LLC now owns 924 shares of the communications equipment provider's stock worth $427,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company's stock.

Motorola Solutions Stock Down 0.3%

NYSE:MSI opened at $407.07 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. Motorola Solutions, Inc. has a twelve month low of $375.82 and a twelve month high of $507.82. The company has a market cap of $67.95 billion, a PE ratio of 44.15, a P/E/G ratio of 3.82 and a beta of 0.96. The company's 50 day moving average is $419.20 and its two-hundred day moving average is $439.92.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm posted $2.81 earnings per share. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be given a $1.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a yield of 1.07%. 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 Motorola Solutions stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total transaction of $449,243.64. Following the completion of the sale, the chief accounting officer now directly owns 804 shares in the company, valued at approximately $336,618.72. The trade was a 57.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.44% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on MSI shares. Barclays cut their target price on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. 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. Finally, Wall Street Zen lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Motorola Solutions currently has a consensus rating of "Moderate Buy" and an average 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.

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