HB Wealth Management LLC Has $4.75 Million Stake in Motorola Solutions, Inc. (NYSE:MSI)

HB Wealth Management LLC boosted its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 70.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 10,843 shares of the communications equipment provider’s stock after acquiring an additional 4,469 shares during the quarter. HB Wealth Management LLC’s holdings in Motorola Solutions were worth $4,747,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSI. Deseret Mutual Benefit Administrators increased its position in shares of Motorola Solutions by 5.4% during the first quarter. Deseret Mutual Benefit Administrators now owns 471 shares of the communications equipment provider’s stock worth $206,000 after acquiring an additional 24 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position in Motorola Solutions by 22.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider’s stock valued at $63,000 after acquiring an additional 25 shares in the last quarter. Clark Capital Management Group Inc. boosted its stake in Motorola Solutions by 4.3% during the 4th quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider’s stock valued at $294,000 after purchasing an additional 26 shares during the last quarter. Wesbanco Bank Inc. increased its holdings in Motorola Solutions by 2.0% during the 1st quarter. Wesbanco Bank Inc. now owns 1,315 shares of the communications equipment provider’s stock worth $576,000 after purchasing an additional 26 shares in the last quarter. Finally, D.A. Davidson & CO. increased its holdings in Motorola Solutions by 2.7% during the 1st quarter. D.A. Davidson & CO. now owns 1,079 shares of the communications equipment provider’s stock worth $473,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

MSI has been the topic of a number of recent research reports. Barclays cut 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 restated an “outperform” rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. JPMorgan Chase & Co. reduced 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 note on Thursday, April 17th. UBS Group began coverage on shares of Motorola Solutions in a report on Wednesday, July 16th. They issued a “buy” rating and a $490.00 target price for the company. Finally, Wolfe Research started coverage on shares of Motorola Solutions in a report on Monday, July 7th. They set a “peer perform” rating on the stock. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.67.

Insider Activity 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 stock was sold at an average price of $418.68, for a total transaction of $449,243.64. Following the completion of the transaction, the chief accounting officer owned 804 shares in the company, valued at approximately $336,618.72. This represents a 57.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.44% of the stock is owned by corporate insiders.

Motorola Solutions Stock Performance

NYSE MSI opened at $428.01 on Monday. The company has a market capitalization of $71.44 billion, a PE ratio of 35.73, a price-to-earnings-growth ratio of 3.68 and a beta of 0.95. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.03 and a current ratio of 1.20. Motorola Solutions, Inc. has a 52-week low of $385.60 and a 52-week high of $507.82. The company has a 50-day simple moving average of $417.50 and a 200 day simple moving average of $429.00.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results 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. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. Motorola Solutions’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.81 EPS. On average, research analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were paid a $1.09 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.02%. Motorola Solutions’s payout ratio is presently 36.39%.

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.