Trueblood Wealth Management LLC Purchases 290 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Trueblood Wealth Management LLC grew its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 21.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,647 shares of the communications equipment provider’s stock after buying an additional 290 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Motorola Solutions were worth $636,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MSI. Norges Bank bought a new position in Motorola Solutions during the 4th quarter valued at approximately $646,341,000. Swedbank AB raised its holdings in Motorola Solutions by 215.7% in the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock worth $395,298,000 after purchasing an additional 699,615 shares in the last quarter. Groupama Asset Managment bought a new stake in Motorola Solutions during the 4th quarter valued at about $178,361,000. National Bank of Canada FI lifted its stake in shares of Motorola Solutions by 428.2% in the second quarter. National Bank of Canada FI now owns 501,601 shares of the communications equipment provider’s stock worth $193,798,000 after buying an additional 406,638 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd increased its position in shares of Motorola Solutions by 36.5% during the first quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock valued at $524,929,000 after acquiring an additional 395,096 shares in the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction that occurred 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 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 filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Motorola Solutions Trading Down 0.5 %

Shares of Motorola Solutions stock opened at $435.90 on Thursday. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. The company has a fifty day moving average of $411.58 and a 200 day moving average of $375.83. The company has a market capitalization of $72.71 billion, a P/E ratio of 53.88, a P/E/G ratio of 3.76 and a beta of 0.97. Motorola Solutions, Inc. has a fifty-two week low of $269.64 and a fifty-two week high of $448.98.

Motorola Solutions (NYSE:MSI) last issued 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. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the company earned $2.41 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts anticipate that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be issued 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 0.90%. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Analysts Set New Price Targets

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

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.