Elo Mutual Pension Insurance Co Has $5.90 Million Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Elo Mutual Pension Insurance Co grew its position in Motorola Solutions, Inc. (NYSE:MSI) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,287 shares of the communications equipment provider’s stock after buying an additional 122 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Motorola Solutions were worth $5,902,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MFA Wealth Advisors LLC purchased a new position in Motorola Solutions during the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC boosted its position in shares of Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 28 shares during the period. LRI Investments LLC grew its holdings in shares of Motorola Solutions by 871.4% during the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. Crewe Advisors LLC purchased a new position in shares of Motorola Solutions during the first quarter valued at $28,000. Finally, Rise Advisors LLC acquired a new position in Motorola Solutions during the first quarter valued at $29,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Price Performance

NYSE MSI opened at $436.58 on Thursday. The company has a 50 day moving average price of $416.69 and a two-hundred day moving average price of $379.65. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $448.98. The stock has a market capitalization of $72.82 billion, a PE ratio of 53.97, a price-to-earnings-growth ratio of 3.80 and a beta of 0.97. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03.

Motorola Solutions (NYSE:MSI) last issued 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 during the quarter, compared to analysts’ expectations of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. Motorola Solutions’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.41 earnings per share. As a group, equities analysts predict that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

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 dividend on an annualized basis and a yield of 0.90%. Motorola Solutions’s payout ratio is currently 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 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 $19,079,557.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

MSI has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Jefferies Financial Group raised their price target 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. JPMorgan Chase & Co. upped their price objective 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. Evercore ISI increased their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. 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 report on Friday, August 2nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Motorola Solutions presently has an average rating of “Buy” and an average target price of $466.17.

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.