Picton Mahoney Asset Management Increases Position in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Picton Mahoney Asset Management increased its holdings in Motorola Solutions by 5.4%, acquiring 1,380 new shares to reach a total of 26,869 shares, valued at approximately $11.76 million.
• Motorola Solutions recently reported an earnings per share (EPS) of $3.18, exceeding analyst expectations and indicating a year-over-year revenue growth of 5.8%.
• The company declared a quarterly dividend of $1.09 per share, reflecting a 1.01% dividend yield and a payout ratio of 36.39%.

Picton Mahoney Asset Management lifted its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,869 shares of the communications equipment provider's stock after acquiring an additional 1,380 shares during the quarter. Picton Mahoney Asset Management's holdings in Motorola Solutions were worth $11,763,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MSI. Geode Capital Management LLC raised 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 purchasing an additional 451,172 shares during the last quarter. FMR LLC raised 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 purchasing an additional 334,639 shares during the last quarter. Northern Trust Corp raised 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 purchasing an additional 256,707 shares during the last quarter. Nuveen Asset Management LLC raised its position in Motorola Solutions by 15.7% during the 4th quarter. Nuveen Asset Management LLC now owns 1,554,252 shares of the communications equipment provider's stock worth $718,422,000 after purchasing an additional 210,662 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Motorola Solutions by 7.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,432,475 shares of the communications equipment provider's stock worth $662,133,000 after purchasing an additional 101,411 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MSI. 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 report on Monday, May 5th. Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. 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 reissued an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. lowered their price objective on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $510.67.

Motorola Solutions Stock Down 1.0%

Shares of MSI traded down $4.42 during trading hours on Friday, hitting $434.56. The stock had a trading volume of 601,467 shares, compared to its average volume of 891,224. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03. The firm has a 50 day simple moving average of $418.35 and a 200-day simple moving average of $428.78. The firm has a market capitalization of $72.54 billion, a P/E ratio of 36.25, a price-to-earnings-growth ratio of 3.75 and a beta of 0.95. Motorola Solutions, Inc. has a 1-year low of $388.90 and a 1-year high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.01 by $0.17. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $2.81 EPS. Sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 EPS 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 paid a dividend of $1.09 per share. The ex-dividend date was Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a yield of 1.0%. Motorola Solutions's payout ratio is 36.39%.

Insider Transactions at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions 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 completion of the transaction, 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 is accessible through the SEC website. Company 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.