Carolina Wealth Advisors LLC Takes Position in Motorola Solutions, Inc. (NYSE:MSI)

Carolina Wealth Advisors LLC purchased a new position in Motorola Solutions, Inc. (NYSE:MSI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 109 shares of the communications equipment provider’s stock, valued at approximately $49,000.

Several other large investors also recently bought and sold shares of the stock. Trust Co. of Vermont boosted its position in Motorola Solutions by 9.8% during the third quarter. Trust Co. of Vermont now owns 302 shares of the communications equipment provider’s stock worth $136,000 after purchasing an additional 27 shares in the last quarter. Beacon Capital Management LLC increased its position in shares of 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 acquiring an additional 28 shares during the period. Range Financial Group LLC raised its stake in Motorola Solutions by 2.0% in the second quarter. Range Financial Group LLC now owns 1,424 shares of the communications equipment provider’s stock valued at $550,000 after buying an additional 28 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in Motorola Solutions by 1.0% in the first quarter. Rehmann Capital Advisory Group now owns 2,910 shares of the communications equipment provider’s stock valued at $1,033,000 after acquiring an additional 30 shares in the last quarter. Finally, Forum Financial Management LP lifted its position in Motorola Solutions by 2.3% during the 2nd quarter. Forum Financial Management LP now owns 1,350 shares of the communications equipment provider’s stock worth $521,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Activity at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the completion of the sale, the chief operating officer now owns 46,821 shares in the company, valued at approximately $19,079,557.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by company insiders.

Motorola Solutions Price Performance

MSI traded up $2.51 on Monday, reaching $477.71. The company had a trading volume of 255,764 shares, compared to its average volume of 662,800. The company has a market cap of $79.68 billion, a price-to-earnings ratio of 58.74, a P/E/G ratio of 4.07 and a beta of 0.97. The business has a 50 day simple moving average of $442.98 and a 200 day simple moving average of $397.30. Motorola Solutions, Inc. has a 52-week low of $271.73 and a 52-week high of $480.28. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.41 EPS. As a group, sell-side analysts anticipate that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were paid a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s payout ratio is 48.45%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MSI. Deutsche Bank Aktiengesellschaft lifted their target price 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. Barclays raised their price objective on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group upped their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Bank of America lifted 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $466.17.

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.