Rice Partnership LLC Raises Position in Motorola Solutions, Inc. (NYSE:MSI)

Rice Partnership LLC boosted its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,031 shares of the communications equipment provider's stock after buying an additional 614 shares during the quarter. Motorola Solutions accounts for approximately 2.2% of Rice Partnership LLC's investment portfolio, making the stock its 15th largest position. Rice Partnership LLC's holdings in Motorola Solutions were worth $10,959,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC grew its stake in shares of Motorola Solutions by 346.2% during the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock valued at $25,000 after buying an additional 45 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Motorola Solutions during the fourth quarter valued at approximately $30,000. Meeder Asset Management Inc. bought a new position in shares of Motorola Solutions during the fourth quarter valued at approximately $32,000. Fourth Dimension Wealth LLC bought a new position in shares of Motorola Solutions during the fourth quarter valued at approximately $34,000. Finally, Community Bank N.A. bought a new position in shares of Motorola Solutions during the first quarter valued at approximately $32,000. Institutional investors own 84.17% of the company's stock.

Motorola Solutions Trading Up 0.5%

NYSE:MSI traded up $2.28 during midday trading on Friday, hitting $424.55. The stock had a trading volume of 494,717 shares, compared to its average volume of 824,793. Motorola Solutions, Inc. has a one year low of $385.17 and a one year high of $507.82. The company has a market capitalization of $70.87 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 3.66 and a beta of 0.95. The stock has a 50-day moving average of $417.48 and a 200 day moving average of $433.93. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42.

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, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter in the prior year, the firm earned $2.81 earnings per share. Motorola Solutions's revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be given a dividend of $1.09 per share. The ex-dividend date is Friday, June 13th. This represents a $4.36 annualized dividend and a yield of 1.03%. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MSI shares. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. JPMorgan Chase & Co. cut their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Barclays dropped their price objective on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Motorola Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $513.25.

Insider Transactions at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction on Thursday, May 29th. The stock was 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 of the company's stock, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.44% of the company's stock.

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.