Wedmont Private Capital Buys 34 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Wedmont Private Capital grew its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,788 shares of the communications equipment provider’s stock after buying an additional 34 shares during the quarter. Wedmont Private Capital’s holdings in Motorola Solutions were worth $984,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Wealth Management Group LLC bought a new stake in shares of Motorola Solutions during the fourth quarter worth $29,000. Rise Advisors LLC bought a new stake in shares of Motorola Solutions during the first quarter worth $29,000. Northwest Capital Management Inc grew its stake in shares of Motorola Solutions by 71.4% during the fourth quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 40 shares during the last quarter. Motco grew its stake in shares of Motorola Solutions by 137.5% during the fourth quarter. Motco now owns 95 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 55 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Motorola Solutions during the fourth quarter worth $36,000. Institutional investors own 84.17% of the company’s stock.

Insider Activity at Motorola Solutions

In related news, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total value of $1,971,473.94. Following the transaction, the senior vice president now owns 8,939 shares in the company, valued at $3,341,487.59. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Rajan Naik sold 5,274 shares of the company’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 transaction, the senior vice president now owns 8,939 shares in the company, valued at $3,341,487.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Katherine A. Maher sold 2,615 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total transaction of $927,488.20. Following the transaction, the chief accounting officer now owns 1,138 shares in the company, valued at approximately $403,625.84. The disclosure for this sale can be found here. Insiders have sold a total of 9,389 shares of company stock worth $3,446,461 over the last quarter. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MSI shares. Evercore ISI started coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 price objective on the stock. Barclays boosted their price objective on shares of Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $358.86.

Motorola Solutions Price Performance

MSI stock opened at $386.04 on Friday. The firm has a market cap of $64.39 billion, a price-to-earnings ratio of 47.72, a PEG ratio of 3.36 and a beta of 0.96. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 11.16. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $386.34. The company’s fifty day simple moving average is $360.88 and its 200 day simple moving average is $339.91.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.29. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. On average, analysts expect that Motorola Solutions, Inc. will post 12.07 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.92 annualized dividend and a yield of 1.02%. Motorola Solutions’s payout ratio is 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.