Anchor Investment Management LLC Increases Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Anchor Investment Management LLC lifted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 7.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 419 shares of the communications equipment provider’s stock after buying an additional 30 shares during the quarter. Anchor Investment Management LLC’s holdings in Motorola Solutions were worth $162,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MSI. Swedbank AB lifted its stake in shares of Motorola Solutions by 215.7% during the 2nd quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after buying an additional 699,615 shares in the last quarter. Wulff Hansen & CO. lifted its stake in shares of 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 valued at $268,858,000 after buying an additional 694,630 shares in the last quarter. Groupama Asset Managment purchased a new stake in shares of Motorola Solutions during the 4th quarter valued at approximately $178,361,000. National Bank of Canada FI lifted its stake in shares of Motorola Solutions by 428.2% during 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 buying an additional 406,638 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd lifted its stake 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 buying an additional 395,096 shares in the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $450.30 on Friday. The company’s fifty day moving average price is $429.92 and its 200-day moving average price is $388.46. The firm has a market capitalization of $75.11 billion, a price-to-earnings ratio of 55.66, a PEG ratio of 3.90 and a beta of 0.97. Motorola Solutions, Inc. has a one year low of $271.10 and a one year high of $452.00. 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 issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.41 EPS. On average, equities research analysts anticipate that Motorola Solutions, Inc. will post 12.22 earnings per share 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 issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, September 13th. Motorola Solutions’s payout ratio is 48.45%.

Insider Transactions at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the 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 transaction, the chief operating officer now owns 46,821 shares of the company’s stock, valued at $19,079,557.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Evercore ISI upped their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the company 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 note on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, Bank of America increased their target price on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $466.17.

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.