Redmont Wealth Advisors LLC Buys Shares of 138 Motorola Solutions, Inc. (NYSE:MSI)

Redmont Wealth Advisors LLC bought a new stake in Motorola Solutions, Inc. (NYSE:MSI) in the 1st quarter, Holdings Channel reports. The institutional investor bought 138 shares of the communications equipment provider’s stock, valued at approximately $49,000.

Several other large investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in Motorola Solutions by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 18,006 shares of the communications equipment provider’s stock valued at $6,391,000 after purchasing an additional 85 shares during the last quarter. Saxon Interests Inc. raised its position in shares of Motorola Solutions by 7.3% during the first quarter. Saxon Interests Inc. now owns 3,887 shares of the communications equipment provider’s stock worth $1,380,000 after acquiring an additional 263 shares during the last quarter. Woodmont Investment Counsel LLC bought a new position in shares of Motorola Solutions during the first quarter worth about $221,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its position in shares of Motorola Solutions by 8.2% during the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 14,375 shares of the communications equipment provider’s stock worth $5,103,000 after acquiring an additional 1,087 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its position in shares of Motorola Solutions by 78.7% during the first quarter. Hexagon Capital Partners LLC now owns 84 shares of the communications equipment provider’s stock worth $30,000 after acquiring an additional 37 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, 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 value of $257,445.90. Following the completion of the sale, the director now 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 available at this hyperlink. In related news, Director Kenneth D. Denman sold 690 shares of Motorola Solutions 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 $3,037,488.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total value of $1,971,473.94. Following the transaction, 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. Over the last quarter, insiders sold 9,389 shares of company stock valued at $3,446,461. Company insiders own 1.26% of the company’s stock.

Motorola Solutions Trading Down 0.3 %

MSI stock traded down $1.24 during mid-day trading on Wednesday, reaching $385.52. The company’s stock had a trading volume of 277,114 shares, compared to its average volume of 662,695. The company has a market cap of $64.30 billion, a price-to-earnings ratio of 47.69, a price-to-earnings-growth ratio of 3.38 and a beta of 0.94. The business’s 50 day moving average price is $367.27 and its 200 day moving average price is $343.32. 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 12 month low of $269.64 and a 12 month high of $391.65.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share 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 business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.34 billion. On average, equities research analysts predict that Motorola Solutions, Inc. will post 12.07 EPS for the current year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be paid a $0.98 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a yield of 1.02%. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

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.