Motorola Solutions, Inc. $MSI Shares Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC grew its position in Motorola Solutions, Inc. (NYSE:MSI) by 107.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,372 shares of the communications equipment provider’s stock after acquiring an additional 7,952 shares during the quarter. DAVENPORT & Co LLC’s holdings in Motorola Solutions were worth $5,892,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Covea Finance grew its holdings in shares of Motorola Solutions by 5.9% during the third quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock worth $50,859,000 after buying an additional 6,153 shares in the last quarter. Swedbank AB raised its position in shares of Motorola Solutions by 20.3% in the third quarter. Swedbank AB now owns 1,345,492 shares of the communications equipment provider’s stock valued at $615,280,000 after buying an additional 227,062 shares during the last quarter. Varma Mutual Pension Insurance Co boosted its position in Motorola Solutions by 8.4% during the third quarter. Varma Mutual Pension Insurance Co now owns 29,701 shares of the communications equipment provider’s stock worth $13,582,000 after acquiring an additional 2,300 shares during the last quarter. Alps Advisors Inc. grew its stake in Motorola Solutions by 180.3% during the 3rd quarter. Alps Advisors Inc. now owns 19,899 shares of the communications equipment provider’s stock valued at $9,100,000 after acquiring an additional 12,799 shares in the last quarter. Finally, Capital World Investors grew its stake in Motorola Solutions by 5.5% during the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after acquiring an additional 490,354 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Motorola Solutions

In other Motorola Solutions news, CEO Cynthia Yazdi sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total value of $3,297,070.00. Following the sale, the chief executive officer owned 9,529 shares of the company’s stock, valued at $4,488,254.29. The trade was a 42.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth D. Denman sold 434 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total value of $204,032.08. Following the transaction, the director owned 7,153 shares in the company, valued at $3,362,768.36. This trade represents a 5.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 129,069 shares of company stock worth $60,779,964. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Stock Down 0.3%

Shares of NYSE:MSI opened at $449.63 on Friday. The business has a 50-day moving average price of $442.52 and a 200 day moving average price of $422.49. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47. The company has a market capitalization of $74.49 billion, a price-to-earnings ratio of 35.24, a PEG ratio of 3.15 and a beta of 0.96. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, beating analysts’ consensus estimates of $4.35 by $0.24. The company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. Motorola Solutions’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.04 earnings per share. Sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be issued a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, March 20th. Motorola Solutions’s dividend payout ratio is currently 37.93%.

Wall Street Analysts Forecast Growth

MSI has been the subject of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating and issued a $470.00 price objective on shares of Motorola Solutions in a report on Thursday, February 12th. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Monday, December 1st. Barclays upped their price target on Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Argus raised Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $497.14.

Motorola Solutions Company Profile

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.