Motorola Solutions, Inc. (NYSE:MSI) Shares Bought by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. grew its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 990.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 229 shares of the communications equipment provider’s stock after purchasing an additional 208 shares during the period. Cullen Frost Bankers Inc.’s holdings in Motorola Solutions were worth $88,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MSI. MFA Wealth Advisors LLC acquired a new stake in shares of Motorola Solutions during the second quarter worth $25,000. Beacon Capital Management LLC raised its holdings 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 raised 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 worth $26,000 after purchasing an additional 61 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Motorola Solutions during the first quarter worth $28,000. Finally, Private Wealth Management Group LLC acquired a new stake in shares of Motorola Solutions during the fourth quarter worth $29,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the completion of the transaction, the senior vice president now owns 8,939 shares in the company, valued at approximately $3,341,487.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction dated 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 directly owns 46,821 shares in the company, valued at $19,079,557.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the completion of the transaction, the senior vice president now owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

MSI has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased 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. Evercore ISI increased 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. Jefferies Financial Group increased 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. JPMorgan Chase & Co. increased 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. Finally, Bank of America increased 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. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $466.17.

Motorola Solutions Stock Down 0.2 %

Motorola Solutions stock opened at $438.10 on Wednesday. The stock has a market cap of $73.09 billion, a price-to-earnings ratio of 54.15, a PEG ratio of 3.76 and a beta of 0.97. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. The company’s 50-day moving average price is $410.57 and its two-hundred day moving average price is $375.41. Motorola Solutions, Inc. has a 52 week low of $269.64 and a 52 week high of $448.98.

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 firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter last year, the company earned $2.41 EPS. Motorola Solutions’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts expect that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.92 annualized dividend and a dividend yield of 0.89%. Motorola Solutions’s dividend payout ratio (DPR) is 48.45%.

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.