Price T Rowe Associates Inc. MD Buys 95,078 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Price T Rowe Associates Inc. MD raised its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 27.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 435,843 shares of the communications equipment provider’s stock after buying an additional 95,078 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Motorola Solutions were worth $154,716,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Crewe Advisors LLC purchased a new position in Motorola Solutions during the 1st quarter worth $28,000. Private Wealth Management Group LLC acquired a new position in Motorola Solutions in the fourth quarter worth about $29,000. Rise Advisors LLC bought a new stake in Motorola Solutions in the first quarter valued at $29,000. Northwest Capital Management Inc increased its stake in shares of Motorola Solutions by 71.4% during the fourth 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 during the period. Finally, Motco boosted its position in shares of Motorola Solutions by 137.5% in the 4th quarter. Motco now owns 95 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

MSI has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, June 3rd. Barclays upped their price objective on Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, Bank of America boosted their price target on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $374.57.

Insider Buying and Selling

In related news, SVP James A. Niewiara sold 810 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $358.09, for a total value of $290,052.90. Following the transaction, the senior vice president now owns 12,986 shares in the company, valued at $4,650,156.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Motorola Solutions news, SVP Rajan Naik sold 5,274 shares of the company’s 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 completion of the sale, the senior vice president now owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James A. Niewiara sold 810 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $358.09, for a total value of $290,052.90. Following the sale, the senior vice president now owns 12,986 shares in the company, valued at approximately $4,650,156.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,389 shares of company stock worth $3,446,461. 1.50% of the stock is owned by insiders.

Motorola Solutions Stock Up 0.5 %

MSI stock traded up $1.90 during trading on Monday, hitting $395.61. 59,195 shares of the company’s stock traded hands, compared to its average volume of 650,877. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 11.16. The firm has a market capitalization of $65.99 billion, a P/E ratio of 48.77, a PEG ratio of 3.44 and a beta of 0.94. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $399.62. The business has a fifty day simple moving average of $380.87 and a two-hundred day simple moving average of $353.40.

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

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 14th were paid a dividend of $0.98 per share. The ex-dividend date was Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.99%. Motorola Solutions’s dividend payout ratio (DPR) is 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.