Trueblood Wealth Management LLC Acquires 176 Shares of Motorola Solutions, Inc. (NYSE:MSI)

by · The Markets Daily

Trueblood Wealth Management LLC boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 10.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,823 shares of the communications equipment provider’s stock after acquiring an additional 176 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Motorola Solutions were worth $820,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MFA Wealth Advisors LLC bought a new stake in shares of Motorola Solutions during the second quarter valued at approximately $25,000. Beacon Capital Management LLC boosted its position in Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 28 shares during the last quarter. LRI Investments LLC increased its stake in shares of Motorola Solutions by 871.4% in the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 61 shares during the period. Crewe Advisors LLC bought a new stake in shares of Motorola Solutions during the first quarter worth $28,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of Motorola Solutions during the second quarter worth $29,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MSI. Barclays lifted their price objective on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Jefferies Financial Group lifted their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Evercore ISI increased their price target on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $479.50.

Check Out Our Latest Research Report on MSI

Motorola Solutions Trading Down 0.7 %

Shares of NYSE MSI opened at $462.32 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. Motorola Solutions, Inc. has a twelve month low of $271.73 and a twelve month high of $480.28. The company’s fifty day moving average is $447.27 and its 200-day moving average is $399.97. The stock 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.

Motorola Solutions (NYSE:MSI – Get Free Report) last posted its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $2.59 billion. During the same period in the previous year, the company posted $2.41 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts predict that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Dividend Announcement

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

Insider Buying and Selling at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the stock in a transaction 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 owns 46,821 shares of the company’s stock, valued at $19,079,557.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

About Motorola Solutions

(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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