Motley Fool Asset Management LLC Boosts Stake in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Motley Fool Asset Management LLC increased its stake in Motorola Solutions by 18.8% during the first quarter, owning 9,343 shares worth approximately $4.09 million.
• Motorola Solutions recently reported a quarterly earnings per share (EPS) of $3.57, exceeding analysts' expectations, while also posting revenue of $2.77 billion, a 5.2% increase from the previous year.
• The company declared a $1.09 quarterly dividend with a yield of 1.0%, representing a 36.39% dividend payout ratio.

Motley Fool Asset Management LLC lifted its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 18.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,343 shares of the communications equipment provider's stock after buying an additional 1,481 shares during the quarter. Motley Fool Asset Management LLC's holdings in Motorola Solutions were worth $4,090,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Meridian Wealth Management LLC raised its holdings in shares of Motorola Solutions by 7.3% in the 1st quarter. Meridian Wealth Management LLC now owns 1,399 shares of the communications equipment provider's stock valued at $613,000 after buying an additional 95 shares during the period. Nuveen LLC purchased a new stake in shares of Motorola Solutions in the 1st quarter valued at $650,426,000. Strengthening Families & Communities LLC raised its holdings in shares of Motorola Solutions by 74.6% in the 1st quarter. Strengthening Families & Communities LLC now owns 227 shares of the communications equipment provider's stock valued at $99,000 after buying an additional 97 shares during the period. Entropy Technologies LP acquired a new position in Motorola Solutions during the 1st quarter worth $1,584,000. Finally, Invesco Ltd. grew its stake in Motorola Solutions by 2.6% during the 1st quarter. Invesco Ltd. now owns 2,043,914 shares of the communications equipment provider's stock worth $894,846,000 after purchasing an additional 50,891 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company's stock.

Motorola Solutions Stock Up 2.0%

MSI opened at $454.12 on Monday. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.73 and a quick ratio of 1.54. The business has a 50 day simple moving average of $421.20 and a 200-day simple moving average of $427.27. The stock has a market capitalization of $75.66 billion, a P/E ratio of 36.56, a P/E/G ratio of 3.86 and a beta of 0.97. Motorola Solutions, Inc. has a 12 month low of $388.90 and a 12 month high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly 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 business had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.74 billion. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%. The company's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $3.24 EPS. On average, equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were given a dividend of $1.09 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.36 annualized dividend and a yield of 1.0%. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Analyst Upgrades and Downgrades

Several research firms recently commented on MSI. JPMorgan Chase & Co. lowered their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Wolfe Research initiated coverage on Motorola Solutions in a research report on Monday, July 7th. They set a "peer perform" rating for the company. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, UBS Group reaffirmed a "buy" rating and set a $510.00 price objective (up from $490.00) on shares of Motorola Solutions in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $512.67.

Insiders Place Their Bets

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction 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 owned 804 shares of the company's stock, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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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