MBB Public Markets I LLC Has $4.79 Million Holdings in Motorola Solutions, Inc. (NYSE:MSI)

MBB Public Markets I LLC grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 680.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,413 shares of the communications equipment provider’s stock after acquiring an additional 10,822 shares during the quarter. MBB Public Markets I LLC’s holdings in Motorola Solutions were worth $4,792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Beacon Capital Management LLC raised its stake in Motorola Solutions by 71.8% during 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 last quarter. Range Financial Group LLC increased its holdings in shares of Motorola Solutions by 2.0% during the 2nd quarter. Range Financial Group LLC now owns 1,424 shares of the communications equipment provider’s stock worth $550,000 after purchasing an additional 28 shares during the period. Pinnacle Associates Ltd. raised its position in shares of Motorola Solutions by 2.5% during the first quarter. Pinnacle Associates Ltd. now owns 1,228 shares of the communications equipment provider’s stock valued at $436,000 after buying an additional 30 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Motorola Solutions by 1.0% in the first quarter. Rehmann Capital Advisory Group now owns 2,910 shares of the communications equipment provider’s stock valued at $1,033,000 after buying an additional 30 shares during the period. Finally, Forum Financial Management LP lifted its stake in shares of Motorola Solutions by 2.3% in the second quarter. Forum Financial Management LP now owns 1,350 shares of the communications equipment provider’s stock valued at $521,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analysts Set New Price Targets

MSI has been the topic of several research reports. Bank of America boosted their price target on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Barclays raised their target price on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI boosted their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $466.17.

Motorola Solutions Stock Performance

Shares of NYSE:MSI opened at $446.37 on Friday. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The business’s fifty day moving average price is $423.09 and its two-hundred day moving average price is $383.98. Motorola Solutions, Inc. has a fifty-two week low of $269.64 and a fifty-two week high of $452.00. The stock has a market capitalization of $74.45 billion, a price-to-earnings ratio of 55.18, a price-to-earnings-growth ratio of 3.90 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last posted its earnings results 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 business 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 firm’s quarterly revenue 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. As a group, analysts predict that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, September 13th. Motorola Solutions’s payout ratio is currently 48.45%.

Insider Buying and Selling

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was 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. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

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.