Covea Finance Grows Position in Motorola Solutions, Inc. (NYSE:MSI)

Covea Finance lifted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 29.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,445 shares of the communications equipment provider’s stock after buying an additional 19,600 shares during the period. Motorola Solutions makes up 1.7% of Covea Finance’s portfolio, making the stock its 18th biggest position. Covea Finance owned about 0.05% of Motorola Solutions worth $37,846,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Advisor Resource Council purchased a new position in Motorola Solutions in the first quarter worth about $344,000. Segment Wealth Management LLC boosted its position in Motorola Solutions by 0.3% in the first quarter. Segment Wealth Management LLC now owns 38,565 shares of the communications equipment provider’s stock worth $16,884,000 after purchasing an additional 97 shares during the last quarter. Blue Trust Inc. boosted its position in Motorola Solutions by 15.4% in the first quarter. Blue Trust Inc. now owns 2,913 shares of the communications equipment provider’s stock worth $1,275,000 after purchasing an additional 388 shares during the last quarter. ORG Wealth Partners LLC boosted its position 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 worth $25,000 after purchasing an additional 45 shares during the last quarter. Finally, Global X Japan Co. Ltd. purchased a new position in Motorola Solutions in the first quarter worth about $48,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barclays dropped their target price on Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. William Blair reissued an “outperform” rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. JPMorgan Chase & Co. dropped their target price on 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, Wall Street Zen cut Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Two 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, Motorola Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $513.25.

Insider Activity at Motorola Solutions

In related 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 now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.44% of the stock is owned by corporate insiders.

Motorola Solutions Stock Up 0.3%

NYSE MSI opened at $406.04 on Friday. The stock’s 50-day moving average price is $418.23 and its 200-day moving average price is $438.17. 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, Inc. has a 52 week low of $380.72 and a 52 week high of $507.82. The company has a market capitalization of $67.77 billion, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 3.48 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 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 firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company earned $2.81 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities research analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is 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.