Trueblood Wealth Management LLC Acquires Shares of 1,220 Motorola Solutions, Inc. (NYSE:MSI)

Trueblood Wealth Management LLC acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,220 shares of the communications equipment provider’s stock, valued at approximately $382,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Motorola Solutions by 1.3% during the second quarter. State Street Corp now owns 7,019,371 shares of the communications equipment provider’s stock worth $2,064,642,000 after acquiring an additional 88,158 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Motorola Solutions by 3.5% during the first quarter. Geode Capital Management LLC now owns 3,531,492 shares of the communications equipment provider’s stock worth $1,008,362,000 after acquiring an additional 119,907 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Motorola Solutions by 1.9% during the second quarter. Alliancebernstein L.P. now owns 3,337,453 shares of the communications equipment provider’s stock worth $978,808,000 after acquiring an additional 60,733 shares during the last quarter. FMR LLC grew its stake in Motorola Solutions by 1.6% in the third quarter. FMR LLC now owns 2,350,325 shares of the communications equipment provider’s stock worth $639,853,000 after purchasing an additional 37,718 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Motorola Solutions by 4.7% in the fourth quarter. Raymond James & Associates now owns 2,155,597 shares of the communications equipment provider’s stock worth $674,896,000 after purchasing an additional 96,421 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on MSI shares. Barclays lifted their price target on Motorola Solutions from $333.00 to $352.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft started coverage on Motorola Solutions in a research note on Friday, January 19th. They issued a “buy” rating and a $350.00 price target for the company. William Blair reiterated an “outperform” rating on shares of Motorola Solutions in a research note on Friday, February 9th. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Finally, Evercore ISI started coverage on Motorola Solutions in a research note on Monday. They issued an “outperform” rating and a $400.00 target price for the company. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $337.25.

Insider Buying and Selling

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $334.30, for a total value of $1,585,919.20. Following the transaction, the senior vice president now owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by corporate insiders.

Motorola Solutions Price Performance

NYSE:MSI traded up $1.57 during midday trading on Thursday, hitting $354.98. 705,294 shares of the stock were exchanged, compared to its average volume of 635,739. Motorola Solutions, Inc. has a one year low of $269.64 and a one year high of $355.39. The company has a market capitalization of $58.96 billion, a price-to-earnings ratio of 35.59, a P/E/G ratio of 3.21 and a beta of 0.90. The business has a 50-day moving average price of $331.24 and a two-hundred day moving average price of $311.39. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 6.37.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 EPS for the quarter, topping the consensus estimate of $3.63 by $0.27. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the company earned $3.38 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts predict that Motorola Solutions, Inc. will post 11.74 EPS for the current year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 15th will be issued a dividend of $0.98 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.92 annualized dividend and a yield of 1.10%. Motorola Solutions’s payout ratio is 39.48%.

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.