MCF Advisors LLC Has $192,000 Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

MCF Advisors LLC increased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 12.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 541 shares of the communications equipment provider’s stock after buying an additional 61 shares during the period. MCF Advisors LLC’s holdings in Motorola Solutions were worth $192,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Harbour Capital Advisors LLC lifted its position in shares of Motorola Solutions by 2.7% during the first quarter. Harbour Capital Advisors LLC now owns 5,013 shares of the communications equipment provider’s stock worth $1,765,000 after purchasing an additional 134 shares in the last quarter. Brookstone Capital Management raised its position in Motorola Solutions by 17.6% in the 1st quarter. Brookstone Capital Management now owns 881 shares of the communications equipment provider’s stock worth $313,000 after purchasing an additional 132 shares during the last quarter. IAM Advisory LLC lifted its holdings in Motorola Solutions by 1.8% during the 1st quarter. IAM Advisory LLC now owns 6,166 shares of the communications equipment provider’s stock worth $2,189,000 after buying an additional 110 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in Motorola Solutions in the 1st quarter valued at $398,000. Finally, Columbus Macro LLC boosted its position in Motorola Solutions by 12.0% in the 1st quarter. Columbus Macro LLC now owns 2,357 shares of the communications equipment provider’s stock valued at $838,000 after buying an additional 253 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

MSI stock opened at $386.05 on Friday. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $391.65. The business’s 50-day moving average price is $365.62 and its two-hundred day moving average price is $342.18. The firm has a market cap of $64.39 billion, a PE ratio of 47.72, a P/E/G ratio of 3.38 and a beta of 0.96. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16.

Motorola Solutions (NYSE:MSI) last released 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 return on equity of 398.16% and a net margin of 13.64%. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.34 billion. As a group, research analysts forecast that Motorola Solutions, Inc. will post 12.07 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, June 14th. Motorola Solutions’s dividend payout ratio is 48.45%.

Insider Buying and Selling

In related news, Director Kenneth D. Denman sold 690 shares of the company’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 approximately $3,037,488.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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. Also, Director Kenneth D. Denman sold 690 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $373.11, for a total transaction of $257,445.90. Following the transaction, the director now owns 8,141 shares of the company’s stock, valued at approximately $3,037,488.51. The disclosure for this sale can be found here. Insiders have sold a total of 9,389 shares of company stock worth $3,446,461 over the last ninety days. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

MSI has been the subject of a number of recent research reports. Evercore ISI initiated coverage on Motorola Solutions in a research report on Monday, March 25th. They set an “outperform” rating and a $400.00 target price for the company. Barclays boosted their price target on shares of Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. Finally, JPMorgan Chase & Co. boosted their target price on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $358.86.

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.