Motorola Solutions, Inc. (NYSE:MSI) Shares Bought by Norris Perne & French LLP MI

Norris Perne & French LLP MI raised its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 0.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,616 shares of the communications equipment provider’s stock after purchasing an additional 108 shares during the period. Motorola Solutions comprises 1.4% of Norris Perne & French LLP MI’s holdings, making the stock its 27th largest position. Norris Perne & French LLP MI’s holdings in Motorola Solutions were worth $19,388,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MSI. Norges Bank purchased a new position in shares of Motorola Solutions in the fourth quarter valued at approximately $646,341,000. Alphinity Investment Management Pty Ltd purchased a new position in shares of Motorola Solutions in the fourth quarter valued at approximately $339,283,000. Groupama Asset Managment purchased a new position in shares of Motorola Solutions in the fourth quarter valued at approximately $178,361,000. Ameriprise Financial Inc. lifted its position in shares of Motorola Solutions by 67.8% in the third quarter. Ameriprise Financial Inc. now owns 1,193,146 shares of the communications equipment provider’s stock valued at $324,614,000 after acquiring an additional 482,023 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of 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 acquiring an additional 176,968 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kenneth D. Denman sold 690 shares of Motorola Solutions stock in a transaction 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 directly 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 link. In related news, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was 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 approximately $3,341,487.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth D. Denman sold 690 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 8,141 shares of the company’s stock, valued at $3,037,488.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,389 shares of company stock valued at $3,446,461. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MSI has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their target price on Motorola Solutions from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, June 3rd. 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 research report on Friday, May 3rd. Evercore ISI assumed coverage on Motorola Solutions in a research report on Monday, March 25th. They set an “outperform” rating and a $400.00 price objective on the stock. Finally, Barclays lifted 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. 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, Motorola Solutions has an average rating of “Moderate Buy” and a consensus target price of $358.86.

Motorola Solutions Trading Down 0.1 %

NYSE:MSI traded down $0.35 on Friday, reaching $386.05. The company’s stock had a trading volume of 1,737,726 shares, compared to its average volume of 644,296. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $391.65. 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 cap of $64.39 billion, a price-to-earnings ratio of 47.72, a price-to-earnings-growth ratio of 3.38 and a beta of 0.96. The stock has a 50 day moving average price of $365.62 and a 200 day moving average price of $342.08.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share for the quarter, beating 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 analysts’ expectations of $2.34 billion. On average, equities analysts anticipate that Motorola Solutions, Inc. will post 12.07 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders 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 dividend yield of 1.02%. Motorola Solutions’s payout ratio is presently 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.