Advisors Asset Management Inc. Buys 1,020 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Advisors Asset Management Inc. boosted its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,139 shares of the communications equipment provider’s stock after acquiring an additional 1,020 shares during the quarter. Advisors Asset Management Inc.’s holdings in Motorola Solutions were worth $7,859,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MSI. Norges Bank bought a new stake in Motorola Solutions in the fourth quarter valued at about $646,341,000. Alphinity Investment Management Pty Ltd bought a new stake in Motorola Solutions in the fourth quarter valued at about $339,283,000. Groupama Asset Managment acquired a new position in Motorola Solutions in the fourth quarter valued at about $178,361,000. M&G Plc acquired a new position in Motorola Solutions in the first quarter valued at about $68,131,000. Finally, International Assets Investment Management LLC boosted its position in Motorola Solutions by 1,208.6% in the fourth quarter. International Assets Investment Management LLC now owns 191,611 shares of the communications equipment provider’s stock valued at $59,991,000 after buying an additional 176,968 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MSI shares. JPMorgan Chase & Co. boosted 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 boosted 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. Deutsche Bank Aktiengesellschaft boosted 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. Finally, Bank of America upped their target price on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $374.57.

Motorola Solutions Price Performance

Shares of MSI stock traded up $7.99 during trading hours on Friday, reaching $393.64. 408,122 shares of the company were exchanged, compared to its average volume of 655,015. The stock’s fifty day moving average is $380.35 and its two-hundred day moving average is $352.28. Motorola Solutions, Inc. has a fifty-two week low of $269.64 and a fifty-two week high of $399.62. The company has a market cap of $65.66 billion, a price-to-earnings ratio of 48.67, a P/E/G ratio of 3.42 and a beta of 0.94. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share for the quarter, beating 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 business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. Sell-side analysts forecast that Motorola Solutions, Inc. will post 12.07 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

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

Insider Buying and Selling at Motorola Solutions

In other news, SVP James A. Niewiara sold 810 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $358.09, for a total transaction of $290,052.90. Following the completion of the sale, the senior vice president now owns 12,986 shares of the company’s stock, valued at $4,650,156.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Motorola Solutions news, CAO Katherine A. Maher sold 2,615 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total value of $927,488.20. Following the completion of the sale, the chief accounting officer now owns 1,138 shares in the company, valued at $403,625.84. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP James A. Niewiara sold 810 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $358.09, for a total transaction of $290,052.90. Following the completion of the sale, the senior vice president now owns 12,986 shares of the company’s stock, valued at approximately $4,650,156.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,389 shares of company stock valued at $3,446,461. Corporate insiders own 1.50% of the company’s stock.

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.