Kimelman & Baird LLC Makes New Investment in Motorola Solutions, Inc. (NYSE:MSI)

Kimelman & Baird LLC acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 110 shares of the communications equipment provider’s stock, valued at approximately $42,000.

A number of other hedge funds also recently modified their holdings of the stock. MFA Wealth Advisors LLC bought a new position in Motorola Solutions in the 2nd quarter valued at about $25,000. Beacon Capital Management LLC increased its stake in shares of Motorola Solutions by 71.8% during the second 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. LRI Investments LLC lifted its holdings in Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Crewe Advisors LLC bought a new stake in Motorola Solutions in the 1st quarter valued at $28,000. Finally, Rise Advisors LLC acquired a new position in Motorola Solutions in the 1st quarter valued at $29,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Activity at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of the 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 transaction, the chief operating officer now owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MSI shares. Bank of America lifted their target price on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Evercore ISI lifted their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Barclays increased their target price on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, Jefferies Financial Group increased their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $466.17.

Motorola Solutions Stock Performance

Shares of NYSE:MSI opened at $449.60 on Tuesday. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $452.00. The stock has a market capitalization of $74.99 billion, a price-to-earnings ratio of 55.57, a price-to-earnings-growth ratio of 3.90 and a beta of 0.97. 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’s 50 day simple moving average is $425.29 and its 200 day simple moving average is $386.09.

Motorola Solutions (NYSE:MSI) last issued its quarterly 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 return on equity of 337.36% and a net margin of 14.04%. 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 company posted $2.41 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, research analysts predict that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be paid a $0.98 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.87%. Motorola Solutions’s payout ratio is currently 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.