Mount Lucas Management LP Purchases New Shares in Motorola Solutions, Inc. (NYSE:MSI)

Mount Lucas Management LP acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,454 shares of the communications equipment provider's stock, valued at approximately $1,512,000.

Other large investors have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators raised its holdings in Motorola Solutions by 5.4% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 471 shares of the communications equipment provider's stock valued at $206,000 after buying an additional 24 shares during the period. Prestige Wealth Management Group LLC increased its stake in Motorola Solutions by 11.9% in the fourth quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider's stock worth $109,000 after purchasing an additional 25 shares during the period. Hazlett Burt & Watson Inc. grew its position in shares of Motorola Solutions by 22.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider's stock worth $63,000 after buying an additional 25 shares in the last quarter. Clark Capital Management Group Inc. grew its position in shares of Motorola Solutions by 4.3% during the 4th quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider's stock worth $294,000 after buying an additional 26 shares in the last quarter. Finally, Wesbanco Bank Inc. grew its position in shares of Motorola Solutions by 2.0% during the 1st quarter. Wesbanco Bank Inc. now owns 1,315 shares of the communications equipment provider's stock worth $576,000 after buying an additional 26 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Motorola Solutions

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 value of $449,243.64. Following the transaction, the chief accounting officer owned 804 shares in the company, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. UBS Group began coverage on Motorola Solutions in a report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price target for the company. Wolfe Research assumed coverage on Motorola Solutions in a research report on Monday, July 7th. They set a "peer perform" rating for the company. Barclays lowered their price objective 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 reissued an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Finally, Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $510.67.

Motorola Solutions Price Performance

MSI stock opened at $421.47 on Wednesday. Motorola Solutions, Inc. has a one year low of $385.17 and a one year high of $507.82. The stock has a market cap of $70.35 billion, a PE ratio of 35.18, a P/E/G ratio of 3.62 and a beta of 0.95. The firm has a 50 day simple moving average of $416.94 and a two-hundred day simple moving average of $430.26. 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 issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.17. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. Motorola Solutions's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $2.81 EPS. On average, analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company 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. This represents a $4.36 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Friday, June 13th. Motorola Solutions's payout ratio is 36.39%.

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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