Motorola Solutions, Inc. (NYSE:MSI) Shares Purchased by Cullen Investment Group LTD.

Cullen Investment Group LTD. raised its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,690 shares of the communications equipment provider’s stock after purchasing an additional 182 shares during the quarter. Motorola Solutions accounts for 1.5% of Cullen Investment Group LTD.’s portfolio, making the stock its 18th largest position. Cullen Investment Group LTD.’s holdings in Motorola Solutions were worth $9,752,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. MFA Wealth Advisors LLC bought a new position in Motorola Solutions during the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC lifted its holdings in Motorola Solutions by 71.8% during the 2nd 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 last quarter. 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 buying an additional 61 shares during the last quarter. Crewe Advisors LLC bought a new position in Motorola Solutions during the 1st quarter worth approximately $28,000. Finally, Rise Advisors LLC bought a new stake in shares of Motorola Solutions in the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Price Performance

Shares of MSI stock traded up $1.19 during mid-day trading on Friday, hitting $450.30. 627,220 shares of the stock traded hands, compared to its average volume of 668,937. Motorola Solutions, Inc. has a twelve month low of $271.10 and a twelve month high of $452.00. The firm has a market cap of $75.11 billion, a price-to-earnings ratio of 55.66, a price-to-earnings-growth ratio of 3.90 and a beta of 0.97. The company’s 50-day simple moving average is $429.92 and its 200-day simple moving average is $388.46. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20.

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 analysts’ expectations of $2.59 billion. During the same period last year, the firm earned $2.41 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities research analysts expect that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Jefferies Financial Group raised their price target on 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. raised their price target on 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 target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Bank of America raised their price target on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Barclays raised their target price on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Motorola Solutions has an average rating of “Buy” and an average price target of $466.17.

Insider Activity

In related news, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction 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 transaction, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is owned by insiders.

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.