Wealth Enhancement Advisory Services LLC Has $133.01 Million Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

by · The Cerbat Gem

Wealth Enhancement Advisory Services LLC reduced its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 295,828 shares of the communications equipment provider’s stock after selling 3,283 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.18% of Motorola Solutions worth $133,013,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Motorola Solutions by 32.9% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock valued at $138,210,000 after acquiring an additional 88,603 shares in the last quarter. Magnolia Capital Advisors LLC bought a new stake in shares of Motorola Solutions during the 2nd quarter worth $19,694,000. State Board of Administration of Florida Retirement System grew its stake in Motorola Solutions by 8.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock valued at $67,219,000 after buying an additional 15,488 shares during the last quarter. First Foundation Advisors raised its holdings in Motorola Solutions by 37.7% in the 1st quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock worth $126,000 after acquiring an additional 97 shares during the period. Finally, Heritage Wealth Management Inc. bought a new stake in Motorola Solutions during the second quarter valued at about $790,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Price Performance

NYSE MSI traded down $3.06 during trading on Friday, reaching $462.32. 335,728 shares of the company traded hands, compared to its average volume of 662,372. Motorola Solutions, Inc. has a 1-year low of $271.73 and a 1-year high of $480.28. The company has a market cap of $77.13 billion, a price-to-earnings ratio of 54.14, a P/E/G ratio of 3.96 and a beta of 0.97. The stock’s 50 day moving average price is $448.08 and its two-hundred day moving average price is $400.74. 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 – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the prior year, the business posted $2.41 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. As a group, analysts anticipate that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s payout ratio is 45.90%.

Analyst Ratings Changes

MSI has been the topic of a number of recent analyst reports. Barclays lifted their price objective on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Evercore ISI raised their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Bank of America upped their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $479.50.

View Our Latest Stock Report on Motorola Solutions

Insider Activity

In related news, COO John P. Molloy sold 23,985 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the sale, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Motorola Solutions Profile

(Free Report)

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.

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