Vanguard Group Inc. Buys 50,088 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Vanguard Group Inc. boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,446,873 shares of the communications equipment provider’s stock after acquiring an additional 50,088 shares during the quarter. Vanguard Group Inc. owned approximately 12.26% of Motorola Solutions worth $7,258,231,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. First Foundation Advisors boosted its stake in shares of Motorola Solutions by 37.7% in the 1st quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock valued at $126,000 after purchasing an additional 97 shares during the last quarter. M&G Plc bought a new position in shares of Motorola Solutions in the 1st quarter valued at about $68,131,000. Gratus Wealth Advisors LLC boosted its stake in shares of Motorola Solutions by 4.7% in the 1st quarter. Gratus Wealth Advisors LLC now owns 1,365 shares of the communications equipment provider’s stock valued at $463,000 after purchasing an additional 61 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Motorola Solutions by 4.6% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 19,080 shares of the communications equipment provider’s stock valued at $6,773,000 after purchasing an additional 831 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in shares of Motorola Solutions by 2.9% in the 1st quarter. Blair William & Co. IL now owns 220,488 shares of the communications equipment provider’s stock valued at $78,269,000 after purchasing an additional 6,262 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Insider Activity

In other news, 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 sale, the senior vice president now directly owns 8,939 shares in the company, valued at $3,341,487.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Kenneth D. Denman sold 690 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 8,141 shares of the company’s stock, valued at $3,037,488.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction on 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 completion of the transaction, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The disclosure for this sale can be found here. Insiders have sold 9,389 shares of company stock worth $3,446,461 over the last ninety days. Insiders own 1.50% of the company’s stock.

Motorola Solutions Stock Down 1.1 %

MSI stock traded down $4.27 during mid-day trading on Friday, hitting $390.19. 809,346 shares of the company were exchanged, compared to its average volume of 628,142. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01 and a current ratio of 1.19. The firm has a market cap of $65.08 billion, a P/E ratio of 48.23, a P/E/G ratio of 3.41 and a beta of 0.94. The firm’s 50 day simple moving average is $377.98 and its 200 day simple moving average is $350.30. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $398.88.

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

Motorola Solutions Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Bank of America raised 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. Evercore ISI began coverage on shares of Motorola Solutions in a research report on Monday, March 25th. They issued an “outperform” rating and a $400.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Barclays increased their price target on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Motorola Solutions from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, June 3rd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $374.57.

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.