Arkadios Wealth Advisors Purchases 106 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Arkadios Wealth Advisors lifted its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 6.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,860 shares of the communications equipment provider’s stock after buying an additional 106 shares during the quarter. Arkadios Wealth Advisors’ holdings in Motorola Solutions were worth $718,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MFA Wealth Advisors LLC acquired a new position in shares of Motorola Solutions during the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC grew its position in Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 28 shares in the last quarter. LRI Investments LLC grew its position in Motorola Solutions by 871.4% during the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 61 shares in the last quarter. Crewe Advisors LLC bought a new position in Motorola Solutions during the 1st quarter worth $28,000. Finally, Private Wealth Management Group LLC acquired a new position in Motorola Solutions in the 4th quarter valued at $29,000. Institutional investors own 84.17% of the company’s stock.

Insiders Place Their Bets

In other news, Director Kenneth D. Denman sold 690 shares of Motorola Solutions stock in a transaction dated 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 $3,037,488.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total value of $9,773,887.50. Following the sale, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth D. Denman sold 690 shares of the firm’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 transaction, the director now owns 8,141 shares of the company’s stock, valued at approximately $3,037,488.51. The disclosure for this sale can be found here. Insiders sold a total of 29,949 shares of company stock valued at $12,002,807 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on MSI shares. Bank of America increased their target price on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Barclays increased their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of 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.com, the stock has a consensus rating of “Buy” and an average target price of $437.40.

Motorola Solutions Price Performance

NYSE MSI traded up $1.94 during trading on Thursday, hitting $437.15. 389,587 shares of the company’s stock were exchanged, compared to its average volume of 660,442. The company has a market cap of $72.92 billion, a PE ratio of 54.21, a P/E/G 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. Motorola Solutions, Inc. has a fifty-two week low of $269.64 and a fifty-two week high of $439.14. The stock’s 50 day moving average price is $400.23 and its two-hundred day moving average price is $367.33.

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

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.90%. Motorola Solutions’s dividend payout ratio is currently 48.45%.

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.