Wealth Enhancement Advisory Services LLC Boosts Position in Motorola Solutions, Inc. $MSI

by · The Cerbat Gem

Wealth Enhancement Advisory Services LLC raised its position in Motorola Solutions, Inc. (NYSE:MSIFree Report) by 4.7% during the fourth quarter, Holdings Channel reports. The fund owned 284,418 shares of the communications equipment provider’s stock after acquiring an additional 12,877 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Motorola Solutions were worth $108,295,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Motorola Solutions by 1.3% during the third quarter. Vanguard Group Inc. now owns 22,171,959 shares of the communications equipment provider’s stock valued at $10,139,015,000 after purchasing an additional 286,366 shares in the last quarter. Capital World Investors increased its stake in shares of Motorola Solutions by 5.5% in the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after purchasing an additional 490,354 shares in the last quarter. State Street Corp raised its position in shares of Motorola Solutions by 1.3% during the 2nd quarter. State Street Corp now owns 7,681,622 shares of the communications equipment provider’s stock valued at $3,237,985,000 after purchasing an additional 101,408 shares during the period. Raymond James Financial Inc. raised its position in shares of Motorola Solutions by 0.9% during the 3rd quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider’s stock valued at $1,570,096,000 after purchasing an additional 31,744 shares during the period. Finally, Norges Bank purchased a new position in shares of Motorola Solutions during the 2nd quarter valued at $872,307,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Price Performance

MSI stock opened at $452.67 on Friday. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The firm has a market capitalization of $74.99 billion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 3.17 and a beta of 0.96. The company has a fifty day simple moving average of $437.49 and a two-hundred day simple moving average of $422.79. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47.

Motorola Solutions (NYSE:MSIGet Free Report) last announced its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.34 billion. During the same period in the prior year, the company earned $4.04 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. Analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Insider Buying and Selling at Motorola Solutions

In other 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 transaction of $3,297,070.00. Following the transaction, the chief executive officer owned 9,529 shares of the company’s stock, valued at approximately $4,488,254.29. The trade was a 42.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregory Q. Brown sold 28,435 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $477.95, for a total value of $13,590,508.25. Following the sale, the chief executive officer owned 90,721 shares in the company, valued at $43,360,101.95. The trade was a 23.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 129,069 shares of company stock worth $60,779,964 over the last ninety days. Company insiders own 1.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MSI shares. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a research report on Monday, December 1st. Barclays upped their price objective on Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. increased their target price on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, Argus raised Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $497.14.

Check Out Our Latest Stock Report on Motorola Solutions

About Motorola Solutions

(Free Report)

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.

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