Brookstone Capital Management Purchases 132 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Brookstone Capital Management grew its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 17.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 881 shares of the communications equipment provider’s stock after acquiring an additional 132 shares during the quarter. Brookstone Capital Management’s holdings in Motorola Solutions were worth $313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSI. Norges Bank purchased a new stake in Motorola Solutions during the 4th quarter valued at $646,341,000. Alphinity Investment Management Pty Ltd purchased a new stake in Motorola Solutions during the 4th quarter valued at $339,283,000. Groupama Asset Managment purchased a new stake in Motorola Solutions during the 4th quarter valued at $178,361,000. Ameriprise Financial Inc. raised its holdings in Motorola Solutions by 67.8% during 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 buying an additional 482,023 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in Motorola Solutions by 1,208.6% during the 4th quarter. International Assets Investment Management LLC now owns 191,611 shares of the communications equipment provider’s stock valued at $59,991,000 after buying an additional 176,968 shares during the period. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $386.76 on Wednesday. The firm has a market cap of $64.51 billion, a P/E ratio of 47.81, a P/E/G ratio of 3.38 and a beta of 0.94. 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, Inc. has a 12 month low of $269.64 and a 12 month high of $391.65. The stock’s fifty day moving average price is $366.44 and its 200-day moving average price is $342.78.

Motorola Solutions (NYSE:MSI) last announced 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 return on equity of 398.16% and a net margin of 13.64%. On average, equities research analysts expect that Motorola Solutions, Inc. will post 12.07 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, June 14th. Motorola Solutions’s payout ratio is currently 48.45%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MSI. Barclays increased their price target on Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Evercore ISI started coverage on Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their target price on Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. Finally, JPMorgan Chase & Co. increased their target price on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Motorola Solutions currently has an average rating of “Moderate Buy” and an average target price of $358.86.

Insider Activity at Motorola Solutions

In related news, Director Kenneth D. Denman sold 690 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $373.11, for a total transaction of $257,445.90. Following the sale, the director now owns 8,141 shares of the company’s stock, valued at $3,037,488.51. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Motorola Solutions news, SVP James A. Niewiara sold 810 shares of the firm’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 completion of the sale, the senior vice president now owns 12,986 shares of the company’s stock, valued at $4,650,156.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kenneth D. Denman sold 690 shares of the firm’s stock in a transaction dated 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 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 valued at $3,446,461 over the last quarter. 1.26% of the stock is owned by corporate insiders.

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.