Thurston Springer Miller Herd & Titak Inc. Acquires New Shares in Motorola Solutions, Inc. (NYSE:MSI)

Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 380 shares of the communications equipment provider’s stock, valued at approximately $147,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its position in Motorola Solutions by 8.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock valued at $67,219,000 after acquiring an additional 15,488 shares in the last quarter. Corient Private Wealth LLC raised its stake in Motorola Solutions by 15.6% during the 4th quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock valued at $7,589,000 after buying an additional 3,278 shares during the last quarter. First Foundation Advisors raised its stake in Motorola Solutions by 37.7% during the 1st quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock valued at $126,000 after buying an additional 97 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Motorola Solutions by 29.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock valued at $6,273,000 after buying an additional 4,594 shares during the last quarter. Finally, Capital International Sarl raised its stake in Motorola Solutions by 13.8% during the 4th quarter. Capital International Sarl now owns 57,227 shares of the communications equipment provider’s stock valued at $17,917,000 after buying an additional 6,918 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Stock Performance

Shares of NYSE:MSI traded up $3.10 during midday trading on Tuesday, hitting $402.74. The company had a trading volume of 1,562,044 shares, compared to its average volume of 669,070. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01. The company has a market cap of $67.18 billion, a price-to-earnings ratio of 50.86, a PEG ratio of 3.48 and a beta of 0.94. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $411.90. The company has a fifty day moving average of $384.80 and a two-hundred day moving average of $356.90.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.23. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 378.15%. Motorola Solutions’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.41 EPS. On average, equities research analysts expect that Motorola Solutions, Inc. will post 12.09 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 14th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.97%. The ex-dividend date was Friday, June 14th. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Insider Buying and Selling

In other Motorola Solutions news, Director Kenneth D. Denman sold 690 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $373.11, for a total transaction of $257,445.90. Following the completion of the transaction, the director now owns 8,141 shares of the company’s stock, valued at approximately $3,037,488.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Motorola Solutions news, Director Kenneth D. Denman sold 690 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $373.11, for a total transaction of $257,445.90. Following the completion of the transaction, the director now owns 8,141 shares of the company’s stock, valued at approximately $3,037,488.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Rajan Naik sold 5,274 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the transaction, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on MSI. Bank of America boosted their target price on shares of Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Barclays boosted their target price on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. upped their price objective on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $437.40.

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.