LPL Financial LLC Acquires 15,831 Shares of Motorola Solutions, Inc. (NYSE:MSI)

LPL Financial LLC raised its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 18.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,605 shares of the communications equipment provider’s stock after buying an additional 15,831 shares during the period. LPL Financial LLC owned about 0.06% of Motorola Solutions worth $39,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in MSI. State Board of Administration of Florida Retirement System raised its holdings in shares of Motorola Solutions by 8.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock valued at $67,219,000 after purchasing an additional 15,488 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Motorola Solutions by 15.6% in the fourth quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock valued at $7,589,000 after purchasing an additional 3,278 shares during the last quarter. First Foundation Advisors raised its holdings in shares of Motorola Solutions by 37.7% in the first quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock valued at $126,000 after purchasing an additional 97 shares during the last quarter. BDF Gestion purchased a new stake in shares of Motorola Solutions in the second quarter valued at about $7,377,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Motorola Solutions by 29.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock valued at $6,273,000 after purchasing an additional 4,594 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MSI has been the subject of a number of research analyst reports. Bank of America raised their price objective on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Evercore ISI raised their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, Jefferies Financial Group raised their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $466.17.

Motorola Solutions Price Performance

MSI stock opened at $441.76 on Monday. The firm has a 50 day moving average of $413.76 and a 200-day moving average of $377.73. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $448.98. The firm has a market capitalization of $73.69 billion, a P/E ratio of 54.61, a price-to-earnings-growth ratio of 3.80 and a beta of 0.97.

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

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.92 annualized dividend and a yield of 0.89%. Motorola Solutions’s payout ratio is presently 48.45%.

Insider Buying and Selling at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now directly owns 46,821 shares in the company, valued at approximately $19,079,557.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

Motorola Solutions Company Profile

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.