Creative Planning Buys 4,856 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Creative Planning raised its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 24.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,847 shares of the communications equipment provider’s stock after purchasing an additional 4,856 shares during the period. Creative Planning’s holdings in Motorola Solutions were worth $9,592,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several research firms recently commented on MSI. Bank of America raised their price objective on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Evercore ISI lifted their price target on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Barclays boosted their price objective on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their target price on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, Jefferies Financial Group increased their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $466.17.

Motorola Solutions Stock Performance

NYSE:MSI opened at $449.08 on Wednesday. Motorola Solutions, Inc. has a twelve month low of $269.64 and a twelve month high of $452.00. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The stock has a market cap of $74.91 billion, a P/E ratio of 55.51, a PEG ratio of 3.90 and a beta of 0.97. The business’s 50-day moving average price is $426.33 and its two-hundred day moving average price is $386.83.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.23. The business had revenue of $2.63 billion during 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%. Motorola Solutions’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.41 earnings per share. As a group, equities analysts predict that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be paid a $0.98 dividend. 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 0.87%. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Insider Buying and Selling at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.50% of the company’s stock.

Motorola Solutions 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.