MGB Wealth Management LLC Boosts Holdings in Motorola Solutions, Inc. (NYSE:MSI)

MGB Wealth Management LLC lifted its stake in Motorola Solutions, Inc. (NYSE:MSI) by 5.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,056 shares of the communications equipment provider’s stock after buying an additional 100 shares during the quarter. MGB Wealth Management LLC’s holdings in Motorola Solutions were worth $729,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Capital World Investors increased its holdings in Motorola Solutions by 0.4% in the 4th quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock worth $3,812,424,000 after buying an additional 44,279 shares in the last quarter. Raymond James & Associates increased its holdings in Motorola Solutions by 3.8% in the 1st quarter. Raymond James & Associates now owns 2,237,587 shares of the communications equipment provider’s stock worth $794,299,000 after buying an additional 81,990 shares in the last quarter. Norges Bank bought a new stake in Motorola Solutions in the 4th quarter worth about $646,341,000. Alphinity Investment Management Pty Ltd bought a new stake in Motorola Solutions in the 4th quarter worth about $339,283,000. Finally, TD Asset Management Inc increased its holdings in Motorola Solutions by 19.7% in the 4th quarter. TD Asset Management Inc now owns 917,734 shares of the communications equipment provider’s stock worth $287,333,000 after buying an additional 151,007 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

MSI has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Barclays boosted their price target on Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on Motorola Solutions from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. Finally, Evercore ISI began coverage on Motorola Solutions in a research note on Monday, March 25th. They set an “outperform” rating and a $400.00 price target for the company. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $358.86.

Motorola Solutions Price Performance

NYSE MSI traded up $3.99 during trading hours on Friday, reaching $392.68. The company’s stock had a trading volume of 131,044 shares, compared to its average volume of 659,531. The firm’s 50-day moving average price is $373.67 and its 200-day moving average price is $346.62. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 11.16. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $394.50. The company has a market capitalization of $65.50 billion, a price-to-earnings ratio of 48.05, a PEG ratio of 3.42 and a beta of 0.94.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.29. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.34 billion. On average, equities research analysts predict that Motorola Solutions, Inc. will post 12.07 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.98 per share. The ex-dividend date is Friday, June 14th. This represents a $3.92 annualized dividend and a dividend yield of 1.00%. Motorola Solutions’s dividend payout ratio (DPR) is 48.45%.

Insider Transactions at Motorola Solutions

In other news, Director Kenneth D. Denman sold 690 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $373.11, for a total transaction of $257,445.90. Following the sale, the director now directly owns 8,141 shares of the company’s stock, valued at approximately $3,037,488.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP James A. Niewiara sold 810 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $358.09, for a total transaction of $290,052.90. Following the transaction, the senior vice president now owns 12,986 shares of the company’s stock, valued at approximately $4,650,156.74. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth D. Denman sold 690 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $373.11, for a total value of $257,445.90. Following the transaction, the director now directly owns 8,141 shares in the company, valued at approximately $3,037,488.51. The disclosure for this sale can be found here. Insiders have sold 9,389 shares of company stock valued at $3,446,461 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Motorola Solutions Company 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.