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

Reliant Investment Management LLC grew its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 9.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,383 shares of the communications equipment provider's stock after acquiring an additional 970 shares during the quarter. Motorola Solutions comprises about 2.6% of Reliant Investment Management LLC's holdings, making the stock its 24th largest position. Reliant Investment Management LLC's holdings in Motorola Solutions were worth $4,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. First Command Advisory Services Inc. purchased a new position in Motorola Solutions during the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of Motorola Solutions during the 4th quarter valued at $30,000. Meeder Asset Management Inc. acquired a new stake in shares of Motorola Solutions during the 4th quarter worth $32,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Motorola Solutions during the 4th quarter worth $34,000. Finally, Sierra Ocean LLC purchased a new position in shares of Motorola Solutions in the 4th quarter worth $35,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MSI shares. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. dropped their target price on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. 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 research report on Monday, May 5th. Finally, Morgan Stanley raised their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Motorola Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $513.25.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the company's stock in a transaction that occurred 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 now directly owns 804 shares of the company's stock, valued at $336,618.72. This represents a 57.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.44% of the stock is currently owned by company insiders.

Motorola Solutions Stock Up 0.4%

Shares of NYSE:MSI opened at $417.80 on Friday. The company has a market capitalization of $69.74 billion, a price-to-earnings ratio of 45.31, a price-to-earnings-growth ratio of 3.82 and a beta of 0.96. The company has a 50 day moving average of $419.32 and a two-hundred day moving average of $444.29. Motorola Solutions, Inc. has a 52-week low of $369.91 and a 52-week high of $507.82. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, beating analysts' consensus estimates of $3.01 by $0.17. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the business earned $2.81 EPS. The business's revenue was up 5.8% on a year-over-year basis. As a group, analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) 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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