Argent Trust Co Buys 53 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Argent Trust Co lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100 shares of the communications equipment provider’s stock after purchasing an additional 53 shares during the quarter. Argent Trust Co’s holdings in Motorola Solutions were worth $425,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. MFA Wealth Advisors LLC bought a new position in Motorola Solutions in the second quarter worth approximately $25,000. Beacon Capital Management LLC grew its position in Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 28 shares during the period. LRI Investments LLC increased its stake in Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Crewe Advisors LLC acquired a new position in Motorola Solutions during the first quarter worth $28,000. Finally, Rise Advisors LLC bought a new position in shares of Motorola Solutions in the first quarter valued at $29,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 transaction of $9,773,887.50. Following the completion of the transaction, the chief operating officer now owns 46,821 shares of the company’s stock, valued at $19,079,557.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Motorola Solutions Price Performance

Motorola Solutions stock opened at $438.81 on Friday. The company has a market cap of $73.19 billion, a price-to-earnings ratio of 54.24, a PEG ratio of 3.80 and a beta of 0.97. The business’s 50 day simple moving average is $417.69 and its 200 day simple moving average is $380.06. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $448.98.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.23. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.41 EPS. Sell-side analysts forecast that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.89%. Motorola Solutions’s payout ratio is 48.45%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MSI. Jefferies Financial Group boosted their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Bank of America increased their price target on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. raised their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Barclays boosted their target price on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Evercore ISI lifted their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Motorola Solutions currently has an average rating of “Buy” and an average target price of $466.17.

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.