Prudential PLC Increases Position in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Prudential PLC boosted its stake in Motorola Solutions (NYSE:MSI) by 12.4% this quarter, owning a total of 71,021 shares valued at approximately $31 million.
• Motorola Solutions reported $3.57 EPS for the last quarter, surpassing analyst estimates of $3.36 and achieving a revenue of $2.77 billion, up 5.2% year-over-year.
• Analysts currently forecast a consensus rating of "Moderate Buy" for Motorola Solutions, with an average target price of $512.67.

Prudential PLC lifted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 12.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,021 shares of the communications equipment provider's stock after purchasing an additional 7,815 shares during the period. Prudential PLC's holdings in Motorola Solutions were worth $31,094,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Wealth Partners LLC grew its stake in shares of Motorola Solutions by 346.2% during the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock worth $25,000 after acquiring an additional 45 shares during the period. Community Bank N.A. purchased a new position in shares of Motorola Solutions during the 1st quarter valued at $32,000. Fourth Dimension Wealth LLC bought a new position in Motorola Solutions in the 4th quarter worth about $34,000. Fort Vancouver Investment Management LLC purchased a new stake in Motorola Solutions in the first quarter valued at approximately $37,000. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Motorola Solutions during the 1st quarter valued at $40,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $461.75 on Tuesday. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.54 and a current ratio of 1.73. The business has a 50-day simple moving average of $422.05 and a two-hundred day simple moving average of $427.15. Motorola Solutions, Inc. has a fifty-two week low of $388.90 and a fifty-two week high of $507.82. The firm has a market cap of $76.93 billion, a price-to-earnings ratio of 37.18, a price-to-earnings-growth ratio of 3.86 and a beta of 0.97.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $3.57 EPS for the quarter, beating analysts' consensus estimates of $3.36 by $0.21. The company 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%. Motorola Solutions's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.24 earnings per share. On average, analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were paid a $1.09 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 0.9%. Motorola Solutions's dividend payout ratio (DPR) is 35.10%.

Wall Street Analysts Forecast Growth

MSI has been the subject of several research reports. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. UBS Group reissued a "buy" rating and issued a $510.00 target price (up from $490.00) on shares of Motorola Solutions in a research note on Friday. Barclays reduced their price objective on shares of Motorola Solutions from $511.00 to $509.00 and set an "overweight" rating on the stock in a research report on Friday. Wolfe Research began coverage on Motorola Solutions in a research report on Monday, July 7th. They issued a "peer perform" rating for the company. Finally, Wall Street Zen cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $512.67.

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 that occurred on Thursday, May 29th. The shares were 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. This trade represents a 57.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.44% of the stock is owned by company insiders.

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.

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