Hexagon Capital Partners LLC Purchases 37 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Hexagon Capital Partners LLC grew its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 78.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 84 shares of the communications equipment provider’s stock after acquiring an additional 37 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Motorola Solutions were worth $30,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Capital World Investors lifted its position in Motorola Solutions by 0.4% during the fourth quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock valued at $3,812,424,000 after purchasing an additional 44,279 shares during the last quarter. Raymond James & Associates grew its position in Motorola Solutions by 4.7% in the fourth quarter. Raymond James & Associates now owns 2,155,597 shares of the communications equipment provider’s stock worth $674,896,000 after acquiring an additional 96,421 shares in the last quarter. Norges Bank bought a new stake in Motorola Solutions during the fourth quarter worth approximately $646,341,000. JPMorgan Chase & Co. raised its position in Motorola Solutions by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 1,605,900 shares of the communications equipment provider’s stock valued at $437,190,000 after purchasing an additional 36,061 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Motorola Solutions by 67.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,193,146 shares of the communications equipment provider’s stock valued at $324,614,000 after purchasing an additional 482,023 shares during the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, SVP James A. Niewiara sold 810 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 12,986 shares of the company’s stock, valued at approximately $4,650,156.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Motorola Solutions news, SVP James A. Niewiara sold 810 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $358.09, for a total transaction of $290,052.90. Following the sale, the senior vice president now directly owns 12,986 shares of the company’s stock, valued at approximately $4,650,156.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction dated 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 transaction, the senior vice president now owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. 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 quarter. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, June 3rd. Evercore ISI assumed coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They set an “outperform” rating and a $400.00 price target for the company. Finally, Barclays increased their price objective on shares of Motorola Solutions from $362.00 to $372.00 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $358.86.

Motorola Solutions Stock Up 0.1 %

NYSE:MSI opened at $386.37 on Tuesday. 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, Inc. has a 1-year low of $269.64 and a 1-year high of $391.65. The company has a 50-day moving average of $365.62 and a 200 day moving average of $342.28. The firm has a market cap of $64.45 billion, a PE ratio of 47.76, a price-to-earnings-growth ratio of 3.38 and a beta of 0.94.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.29. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.34 billion. As a group, research 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 issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, June 14th. Motorola Solutions’s dividend 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.