Reliant Investment Management LLC Boosts Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Reliant Investment Management LLC increased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 9.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,383 shares of the communications equipment provider's stock after purchasing an additional 970 shares during the period. Motorola Solutions accounts for approximately 2.6% of Reliant Investment Management LLC's investment portfolio, making the stock its 24th biggest position. Reliant Investment Management LLC's holdings in Motorola Solutions were worth $4,984,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Motorola Solutions by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 21,179,834 shares of the communications equipment provider's stock valued at $9,789,955,000 after purchasing an additional 310,919 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Motorola Solutions by 12.1% in the fourth quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock valued at $1,933,360,000 after acquiring an additional 451,172 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at about $1,528,949,000. FMR LLC grew its position in Motorola Solutions by 12.4% during the fourth quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider's stock worth $1,400,980,000 after buying an additional 334,639 shares during the period. Finally, Norges Bank acquired a new position in Motorola Solutions during the fourth quarter worth about $1,073,645,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Analysts Set New Price Targets

MSI has been the topic of several recent research reports. Barclays reduced their price target on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Morgan Stanley raised their price objective on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Wall Street Zen lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. dropped their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $513.25.

Motorola Solutions Stock Performance

NYSE:MSI traded down $0.52 during mid-day trading on Tuesday, hitting $412.26. The stock had a trading volume of 677,318 shares, compared to its average volume of 809,505. Motorola Solutions, Inc. has a twelve month low of $370.00 and a twelve month high of $507.82. The stock has a market cap of $68.81 billion, a price-to-earnings ratio of 44.71, a PEG ratio of 3.82 and a beta of 0.96. The company's 50 day simple moving average is $418.36 and its 200 day simple moving average is $442.78. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.17. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.52 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. Motorola Solutions's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.81 earnings per share. On average, equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Insider Buying and Selling at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of the firm'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 completion of the sale, the chief accounting officer now directly owns 804 shares of the company's stock, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their position. The transaction 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.

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.