Aaron Wealth Advisors LLC Buys New Shares in Motorola Solutions, Inc. (NYSE:MSI)

Aaron Wealth Advisors LLC bought a new stake in Motorola Solutions, Inc. (NYSE:MSI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 684 shares of the communications equipment provider’s stock, valued at approximately $264,000.

Several other hedge funds have also made changes to their positions in MSI. International Assets Investment Management LLC lifted its stake in shares of Motorola Solutions by 1,208.6% in the fourth quarter. International Assets Investment Management LLC now owns 191,611 shares of the communications equipment provider’s stock valued at $59,991,000 after buying an additional 176,968 shares during the period. Federated Hermes Inc. lifted its stake in Motorola Solutions by 270.0% during the fourth quarter. Federated Hermes Inc. now owns 88,869 shares of the communications equipment provider’s stock worth $27,824,000 after purchasing an additional 64,850 shares during the period. Greenleaf Trust lifted its stake in Motorola Solutions by 1.8% during the fourth quarter. Greenleaf Trust now owns 5,297 shares of the communications equipment provider’s stock worth $1,658,000 after purchasing an additional 93 shares during the period. J.W. Cole Advisors Inc. increased its holdings in shares of Motorola Solutions by 4.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 2,781 shares of the communications equipment provider’s stock worth $871,000 after buying an additional 112 shares in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in shares of Motorola Solutions by 7.4% during the fourth quarter. Lindbrook Capital LLC now owns 2,935 shares of the communications equipment provider’s stock worth $919,000 after buying an additional 202 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

MSI has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Bank of America raised their price target on shares of Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $437.40.

Insiders Place Their Bets

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction 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 sale, the chief operating officer now owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Motorola Solutions news, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the completion of the sale, the senior vice president now owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the sale, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,949 shares of company stock valued at $12,002,807. Company insiders own 1.50% of the company’s stock.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock traded down $0.44 during midday trading on Wednesday, reaching $425.94. The company had a trading volume of 708,459 shares, compared to its average volume of 664,865. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. The company has a market capitalization of $71.05 billion, a price-to-earnings ratio of 52.62, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94. The stock has a fifty day simple moving average of $395.32 and a 200 day simple moving average of $363.77. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $429.32.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates 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 378.15%. Motorola Solutions’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.41 earnings per share. As a group, equities research analysts forecast that Motorola Solutions, Inc. will post 12.09 earnings per share for the current year.

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.