Foster Dykema Cabot & Partners LLC Purchases 1,578 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Foster Dykema Cabot & Partners LLC increased its holdings in Motorola Solutions by 2.3%, owning 69,398 shares valued at approximately $30.46 million, making it the firm's 11th largest holding.
• Motorola Solutions recently announced a quarterly dividend of $1.09 per share, representing an annual yield of 1.0% and a payout ratio of 36.39%.
• Motorola Solutions has a current consensus rating of "Moderate Buy" with an average target price of $510.67, showing strong optimism from analysts following various upgrades and ratings.

Foster Dykema Cabot & Partners LLC raised its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,398 shares of the communications equipment provider's stock after purchasing an additional 1,578 shares during the period. Motorola Solutions makes up approximately 2.4% of Foster Dykema Cabot & Partners LLC's investment portfolio, making the stock its 11th biggest position. Foster Dykema Cabot & Partners LLC's holdings in Motorola Solutions were worth $30,459,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Revolve Wealth Partners LLC acquired a new stake in Motorola Solutions in the fourth quarter valued at approximately $208,000. Wedbush Securities Inc. boosted its holdings in shares of Motorola Solutions by 25.2% during the 4th quarter. Wedbush Securities Inc. now owns 1,033 shares of the communications equipment provider's stock valued at $477,000 after acquiring an additional 208 shares in the last quarter. Bank of Nova Scotia grew its holdings in shares of Motorola Solutions by 279.7% during the fourth quarter. Bank of Nova Scotia now owns 171,740 shares of the communications equipment provider's stock worth $79,383,000 after purchasing an additional 126,512 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Motorola Solutions by 141.5% in the fourth quarter. Renaissance Technologies LLC now owns 104,115 shares of the communications equipment provider's stock valued at $48,125,000 after buying an additional 61,000 shares during the period. Finally, Advisory Services Network LLC raised its holdings in Motorola Solutions by 23.6% in the 4th quarter. Advisory Services Network LLC now owns 5,561 shares of the communications equipment provider's stock valued at $2,571,000 after buying an additional 1,063 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company's stock.

Motorola Solutions Stock Up 2.0%

Shares of Motorola Solutions stock traded up $9.02 during trading on Friday, reaching $454.12. 1,617,473 shares of the company traded hands, compared to its average volume of 862,888. The firm has a market capitalization of $75.80 billion, a PE ratio of 36.56, a P/E/G ratio of 3.79 and a beta of 0.97. Motorola Solutions, Inc. has a 1-year low of $388.90 and a 1-year high of $507.82. The company has a 50 day moving average price of $421.20 and a 200-day moving average price of $427.92. 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 (NYSE:MSI - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $3.57 earnings per share for the quarter, topping analysts' consensus estimates of $3.36 by $0.21. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.74 billion. Motorola Solutions had a return on equity of 143.08% and a net margin of 19.08%. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.24 EPS. As a group, equities research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were issued 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 (DPR) is currently 36.39%.

Analyst Upgrades and Downgrades

MSI has been the subject of several recent research reports. Barclays set a $509.00 price target on shares of Motorola Solutions and gave the company an "overweight" rating in a research report on Friday. Wolfe Research initiated coverage on Motorola Solutions in a research report on Monday, July 7th. They issued a "peer perform" rating on the stock. Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. lowered 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 note on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Motorola Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $512.67.

Insider Activity

In related news, CAO Katherine A. Maher sold 1,073 shares of the company'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 sale, the chief accounting officer owned 804 shares in the company, valued at $336,618.72. This represents a 57.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.44% of the stock is 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.