Blue Trust Inc. Has $1.01 Million Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Blue Trust Inc. increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 42.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,833 shares of the communications equipment provider’s stock after purchasing an additional 844 shares during the period. Blue Trust Inc.’s holdings in Motorola Solutions were worth $1,006,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Crewe Advisors LLC acquired a new position in Motorola Solutions in the 1st quarter valued at approximately $28,000. Private Wealth Management Group LLC acquired a new position in Motorola Solutions in the 4th quarter valued at approximately $29,000. Rise Advisors LLC acquired a new position in Motorola Solutions in the 1st quarter valued at approximately $29,000. Triad Wealth Partners LLC acquired a new position in Motorola Solutions in the 2nd quarter valued at approximately $29,000. Finally, Northwest Capital Management Inc raised its holdings in Motorola Solutions by 71.4% in the 4th quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock valued at $30,000 after acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Barclays upped their price objective on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Bank of America upped their price objective on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $437.40.

Motorola Solutions Price Performance

NYSE MSI traded down $0.57 during trading hours on Friday, reaching $421.37. 438,176 shares of the company’s stock were exchanged, compared to its average volume of 667,703. The stock has a market cap of $70.28 billion, a PE ratio of 52.09, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. The firm has a fifty day moving average of $393.36 and a 200-day moving average of $361.85. Motorola Solutions, Inc. has a one year low of $269.64 and a one year high of $424.55.

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

Insider Buying and Selling

In related news, Director Kenneth D. Denman sold 690 shares of the firm’s stock in a transaction 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 owns 8,141 shares of the company’s stock, valued at approximately $3,037,488.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Kenneth D. Denman sold 690 shares of the firm’s stock in a transaction 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 owns 8,141 shares of the company’s stock, valued at approximately $3,037,488.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the sale, the senior vice president now directly owns 8,939 shares in the company, valued at approximately $3,341,487.59. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,949 shares of company stock valued at $12,002,807. 1.50% of the stock is owned by company insiders.

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.