Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. reduced its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,798 shares of the communications equipment provider’s stock after selling 89 shares during the period. J.W. Cole Advisors Inc.’s holdings in Motorola Solutions were worth $1,080,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Avantax Advisory Services Inc. boosted its holdings in shares of Motorola Solutions by 28.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 2,241 shares of the communications equipment provider’s stock valued at $701,000 after acquiring an additional 494 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Motorola Solutions by 10.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 25,925 shares of the communications equipment provider’s stock valued at $8,117,000 after purchasing an additional 2,546 shares during the period. Beacon Pointe Advisors LLC lifted its stake in shares of Motorola Solutions by 0.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 4,754 shares of the communications equipment provider’s stock valued at $1,488,000 after purchasing an additional 32 shares during the period. Norges Bank acquired a new stake in shares of Motorola Solutions in the fourth quarter valued at about $646,341,000. Finally, Dynamic Technology Lab Private Ltd lifted its stake in shares of Motorola Solutions by 216.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 7,472 shares of the communications equipment provider’s stock valued at $2,339,000 after purchasing an additional 5,111 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Motorola Solutions Price Performance

Motorola Solutions stock opened at $441.76 on Monday. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $448.98. The firm has a 50 day moving average price of $413.76 and a 200 day moving average price of $377.73. The company has a market cap of $73.69 billion, a price-to-earnings ratio of 54.61, a PEG ratio of 3.80 and a beta of 0.97. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the firm earned $2.41 earnings per share. Motorola Solutions’s revenue was up 9.4% compared to the same quarter last year. Sell-side analysts predict that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.92 annualized dividend and a yield of 0.89%. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Insiders Place Their Bets

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction that occurred 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 directly owns 46,821 shares in the company, valued at $19,079,557.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is owned by insiders.

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.