Motorola Solutions, Inc. (NYSE:MSI) Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co raised its stake in Motorola Solutions, Inc. (NYSE:MSI) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,287 shares of the communications equipment provider’s stock after acquiring an additional 122 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Motorola Solutions were worth $5,902,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MSI. MFA Wealth Advisors LLC bought a new stake in shares of Motorola Solutions in the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC increased its position in Motorola Solutions by 71.8% in the second 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 period. LRI Investments LLC lifted its stake in Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 61 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of Motorola Solutions during the first quarter valued at $28,000. Finally, Rise Advisors LLC acquired a new position in shares of Motorola Solutions during the first quarter valued at $29,000. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $436.58 on Thursday. The stock has a market cap of $72.82 billion, a price-to-earnings ratio of 53.97, a PEG ratio of 3.80 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. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $448.98. The stock’s 50 day moving average price is $416.69 and its 200 day moving average price is $379.65.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data 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. 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 the consensus estimate of $2.59 billion. During the same quarter in the previous year, the business earned $2.41 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders 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 yield of 0.90%. The ex-dividend date is Friday, September 13th. Motorola Solutions’s payout ratio is 48.45%.

Analysts Set New Price Targets

Several analysts recently weighed in on MSI shares. Barclays lifted their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Jefferies Financial Group lifted their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Bank of America boosted their price target on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $466.17.

Insider Activity

In related news, COO John P. Molloy sold 23,985 shares of the business’s 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 sale, the chief operating officer now directly owns 46,821 shares in the company, valued at approximately $19,079,557.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

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.