Motorola Solutions, Inc. (NYSE:MSI) Stock Position Raised by Fifth Third Bancorp

Fifth Third Bancorp grew its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,760 shares of the communications equipment provider’s stock after buying an additional 251 shares during the quarter. Fifth Third Bancorp’s holdings in Motorola Solutions were worth $2,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Investment House LLC boosted its holdings in Motorola Solutions by 0.3% in the second quarter. Investment House LLC now owns 78,707 shares of the communications equipment provider’s stock worth $30,385,000 after purchasing an additional 265 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Motorola Solutions during the 2nd quarter worth about $214,000. Hobbs Group Advisors LLC acquired a new position in shares of Motorola Solutions during the 2nd quarter valued at about $54,000. SeaCrest Wealth Management LLC raised its stake in shares of Motorola Solutions by 5.3% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 730 shares of the communications equipment provider’s stock valued at $282,000 after acquiring an additional 37 shares in the last quarter. Finally, MBE Wealth Management LLC bought a new position in shares of Motorola Solutions in the 2nd quarter valued at approximately $201,000. Institutional investors own 84.17% of the company’s stock.

Insider Transactions at Motorola Solutions

In related news, Director Kenneth D. Denman sold 690 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $373.11, for a total value of $257,445.90. Following the completion of the transaction, the director now directly owns 8,141 shares in the company, valued at $3,037,488.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the sale, the senior vice president now owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kenneth D. Denman sold 690 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $373.11, for a total value of $257,445.90. Following the completion of the sale, the director now owns 8,141 shares in the company, valued at $3,037,488.51. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,949 shares of company stock valued at $12,002,807. 1.50% of the stock is owned by corporate insiders.

Motorola Solutions Stock Performance

NYSE:MSI traded down $0.44 during trading hours on Wednesday, hitting $425.94. 708,459 shares of the company traded hands, 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. Motorola Solutions, Inc. has a twelve month low of $269.64 and a twelve month high of $429.32. The firm has a 50-day moving average of $395.32 and a 200 day moving average of $363.77. The stock has a market capitalization of $71.05 billion, a price-to-earnings ratio of 52.62, a P/E/G ratio of 3.48 and a beta of 0.94.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 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 378.15%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the prior year, the business earned $2.41 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts forecast that Motorola Solutions, Inc. will post 12.09 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Bank of America increased their price target on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft raised their target price 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. JPMorgan Chase & Co. boosted their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Barclays raised their price target on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $437.40.

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.