525 Shares in Motorola Solutions, Inc. (NYSE:MSI) Acquired by First National Trust Co

First National Trust Co bought a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 525 shares of the communications equipment provider’s stock, valued at approximately $203,000.

Several other hedge funds have also added to or reduced their stakes in the business. Beacon Capital Management LLC lifted its position in shares of Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares during the period. Pinnacle Associates Ltd. lifted its position in shares of Motorola Solutions by 2.5% in the 1st quarter. Pinnacle Associates Ltd. now owns 1,228 shares of the communications equipment provider’s stock worth $436,000 after purchasing an additional 30 shares during the period. Rehmann Capital Advisory Group lifted its position in shares of Motorola Solutions by 1.0% in the 1st quarter. Rehmann Capital Advisory Group now owns 2,910 shares of the communications equipment provider’s stock worth $1,033,000 after purchasing an additional 30 shares during the period. Forum Financial Management LP lifted its position in shares of Motorola Solutions by 2.3% in the 2nd quarter. Forum Financial Management LP now owns 1,350 shares of the communications equipment provider’s stock worth $521,000 after purchasing an additional 30 shares during the period. Finally, Ancora Advisors LLC increased its stake in shares of Motorola Solutions by 0.5% in the 1st quarter. Ancora Advisors LLC now owns 6,771 shares of the communications equipment provider’s stock valued at $2,404,000 after acquiring an additional 31 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the sale, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at $19,079,557.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 8,939 shares in the company, valued at $3,341,487.59. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer now owns 46,821 shares in the company, valued at $19,079,557.50. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Evercore ISI lifted their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. boosted their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Jefferies Financial Group boosted their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Barclays boosted their price target on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $466.17.

Motorola Solutions Price Performance

MSI opened at $437.31 on Friday. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The company has a market capitalization of $72.94 billion, a price-to-earnings ratio of 54.06, a P/E/G ratio of 3.85 and a beta of 0.94. The firm’s fifty day moving average price is $407.59 and its two-hundred day moving average price is $372.43. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $448.98.

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

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) 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.