Kestra Investment Management LLC Takes Position in Motorola Solutions, Inc. (NYSE:MSI)

Kestra Investment Management LLC acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the second quarter, Holdings Channel.com reports. The fund acquired 1,753 shares of the communications equipment provider’s stock, valued at approximately $677,000.

Other large investors have also added to or reduced their stakes in the company. Swedbank AB lifted its holdings in shares of Motorola Solutions by 215.7% in the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock worth $395,298,000 after buying an additional 699,615 shares in the last quarter. Wulff Hansen & CO. increased its holdings in Motorola Solutions by 38,505.0% during the 2nd quarter. Wulff Hansen & CO. now owns 696,434 shares of the communications equipment provider’s stock worth $268,858,000 after acquiring an additional 694,630 shares during the period. Groupama Asset Managment purchased a new stake in Motorola Solutions in the 4th quarter worth approximately $178,361,000. National Bank of Canada FI boosted its holdings in Motorola Solutions by 428.2% in the 2nd quarter. National Bank of Canada FI now owns 501,601 shares of the communications equipment provider’s stock valued at $193,798,000 after purchasing an additional 406,638 shares during the period. Finally, Alphinity Investment Management Pty Ltd grew its position in shares of Motorola Solutions by 36.5% during the 1st quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock valued at $524,929,000 after purchasing an additional 395,096 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MSI shares. Bank of America increased their price objective on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. raised their price target on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Jefferies Financial Group lifted their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, Barclays increased their price target on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $466.17.

Motorola Solutions Stock Up 0.7 %

Shares of NYSE MSI opened at $449.60 on Tuesday. The stock has a market capitalization of $74.99 billion, a P/E ratio of 55.57, a PEG ratio of 3.90 and a beta of 0.97. Motorola Solutions, Inc. has a one year low of $269.64 and a one year high of $452.00. The firm’s 50 day simple moving average is $425.29 and its two-hundred day simple moving average is $386.09. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 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 company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter last year, the firm earned $2.41 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, analysts expect that Motorola Solutions, Inc. will post 12.22 EPS 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. Investors 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 0.87%. The ex-dividend date of this dividend is Friday, September 13th. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Insider Buying and Selling

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was 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 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 accessible through the SEC website. 1.50% of the stock is owned by corporate insiders.

Motorola Solutions 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.