Strategy Asset Managers LLC Invests $653,000 in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Strategy Asset Managers LLC acquired a new stake in Motorola Solutions, purchasing 1,492 shares valued at approximately $653,000 during the first quarter.
• Institutional investors hold 84.17% of Motorola Solutions stock, with significant increases in holdings from firms like Bank of Nova Scotia, which grew its stake by 279.7%.
• Motorola recently declared a quarterly dividend of $1.09, resulting in an annualized yield of 1.0% with a payout ratio of 36.39%.

Strategy Asset Managers LLC purchased a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,492 shares of the communications equipment provider's stock, valued at approximately $653,000.

Other institutional investors and hedge funds have also modified their holdings of the company. ORG Wealth Partners LLC grew its stake in Motorola Solutions by 346.2% in the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock valued at $25,000 after purchasing an additional 45 shares in the last quarter. Community Bank N.A. purchased a new position in Motorola Solutions in the first quarter valued at about $32,000. Fourth Dimension Wealth LLC purchased a new position in Motorola Solutions in the fourth quarter valued at about $34,000. Fort Vancouver Investment Management LLC bought a new stake in shares of Motorola Solutions during the 1st quarter worth about $37,000. Finally, Alpine Bank Wealth Management bought a new stake in shares of Motorola Solutions during the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 84.17% of the company's stock.

Insider Buying and Selling at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MSI. UBS Group reiterated a "buy" rating and set a $510.00 price target (up previously from $490.00) on shares of Motorola Solutions in a research note on Friday. JPMorgan Chase & Co. decreased their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Barclays set a $509.00 price target on Motorola Solutions and gave the stock an "overweight" rating in a research note on Friday. Wall Street Zen downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Wolfe Research began coverage on Motorola Solutions in a research note on Monday, July 7th. They set a "peer perform" rating for the company. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $512.67.

Motorola Solutions Stock Performance

Shares of NYSE MSI traded up $9.02 during trading hours on Friday, hitting $454.12. 1,617,473 shares of the company's stock were exchanged, compared to its average volume of 862,888. Motorola Solutions, Inc. has a 1-year low of $388.90 and a 1-year high of $507.82. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03. The stock has a market capitalization of $75.80 billion, a price-to-earnings ratio of 36.56, a PEG ratio of 3.79 and a beta of 0.97. The company's 50-day moving average price is $421.20 and its 200-day moving average price is $427.92.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.36 by $0.21. Motorola Solutions had a return on equity of 143.08% and a net margin of 19.08%. The business had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.74 billion. During the same quarter in the previous year, the firm earned $3.24 EPS. The firm's revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

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.