Peterson Wealth Services Raises Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Peterson Wealth Services grew its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 8.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,894 shares of the communications equipment provider's stock after purchasing an additional 599 shares during the quarter. Motorola Solutions makes up about 1.1% of Peterson Wealth Services' investment portfolio, making the stock its 28th largest position. Peterson Wealth Services' holdings in Motorola Solutions were worth $3,456,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of MSI. Vanguard Group Inc. grew its position in Motorola Solutions by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 21,179,834 shares of the communications equipment provider's stock worth $9,789,955,000 after acquiring an additional 310,919 shares during the last quarter. Geode Capital Management LLC grew its position in Motorola Solutions by 12.1% during the 4th quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock worth $1,933,360,000 after acquiring an additional 451,172 shares during the last quarter. FMR LLC grew its position in Motorola Solutions by 12.4% during the 4th quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider's stock worth $1,400,980,000 after acquiring an additional 334,639 shares during the last quarter. Norges Bank bought a new position in Motorola Solutions during the 4th quarter worth approximately $1,073,645,000. Finally, Northern Trust Corp grew its position in Motorola Solutions by 15.9% during the 4th quarter. Northern Trust Corp now owns 1,868,559 shares of the communications equipment provider's stock worth $863,704,000 after acquiring an additional 256,707 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $418.68, for a total transaction of $449,243.64. Following the sale, the chief accounting officer owned 804 shares in the company, valued at approximately $336,618.72. The trade was a 57.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.44% of the stock is currently owned by company insiders.

Motorola Solutions Trading Up 0.1%

Shares of NYSE MSI traded up $0.56 during midday trading on Tuesday, hitting $421.47. The company's stock had a trading volume of 542,549 shares, compared to its average volume of 829,972. The business's 50 day moving average is $416.94 and its two-hundred day moving average is $430.26. The firm has a market cap of $70.35 billion, a P/E ratio of 35.18, a price-to-earnings-growth ratio of 3.62 and a beta of 0.95. Motorola Solutions, Inc. has a 12-month low of $385.17 and a 12-month high of $507.82. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.01 by $0.17. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business posted $2.81 EPS. The business's revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were paid a dividend of $1.09 per share. The ex-dividend date was Friday, June 13th. This represents a $4.36 annualized dividend and a yield of 1.03%. Motorola Solutions's dividend payout ratio (DPR) is 36.39%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MSI. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. UBS Group began coverage on Motorola Solutions in a research note on Wednesday, July 16th. They issued a "buy" rating and a $490.00 target price for the company. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays lowered their target price on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, 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. 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $510.67.

About Motorola Solutions

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.