Rhumbline Advisers Has $154.80 Million Position in Motorola Solutions, Inc. (NYSE:MSI)

Rhumbline Advisers grew its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 353,568 shares of the communications equipment provider's stock after acquiring an additional 7,433 shares during the period. Rhumbline Advisers owned about 0.21% of Motorola Solutions worth $154,795,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Crews Bank & Trust bought a new position in shares of Motorola Solutions during the fourth quarter valued at approximately $26,000. First Command Advisory Services Inc. bought a new stake in Motorola Solutions in the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. bought a new stake in shares of Motorola Solutions during the 4th quarter valued at about $30,000. Meeder Asset Management Inc. bought a new stake in Motorola Solutions during the fourth quarter valued at approximately $32,000. Finally, Fourth Dimension Wealth LLC bought a new stake in Motorola Solutions during the fourth quarter valued at about $34,000. Institutional investors own 84.17% of the company's stock.

Motorola Solutions Price Performance

NYSE MSI traded down $1.51 during mid-day trading on Thursday, hitting $415.89. The stock had a trading volume of 992,898 shares, compared to its average volume of 807,465. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. The company has a 50 day simple moving average of $419.69 and a 200 day simple moving average of $444.77. Motorola Solutions, Inc. has a 52-week low of $367.18 and a 52-week high of $507.82. The company has a market cap of $69.42 billion, a price-to-earnings ratio of 45.11, a P/E/G ratio of 3.82 and a beta of 0.98.

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

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be given a $1.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.36 annualized dividend and a yield of 1.05%. Motorola Solutions's dividend payout ratio is presently 36.39%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MSI. JPMorgan Chase & Co. cut 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. William Blair restated an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Barclays decreased their price objective on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Morgan Stanley upped their target price on Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Finally, Wall Street Zen downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and eight 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 an average target price of $513.25.

Insider Buying and Selling at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 804 shares in the company, 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 can be accessed through this hyperlink. 1.44% of the stock is owned by company insiders.

Motorola Solutions 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.