Independent Wealth Network Inc. Purchases 72 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Independent Wealth Network Inc. raised its position in Motorola Solutions, Inc. (NYSE:MSI) by 2.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,730 shares of the communications equipment provider’s stock after acquiring an additional 72 shares during the period. Independent Wealth Network Inc.’s holdings in Motorola Solutions were worth $1,195,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of MSI. Retirement Planning Co of New England Inc. increased its position in shares of Motorola Solutions by 16.8% during the 1st quarter. Retirement Planning Co of New England Inc. now owns 855 shares of the communications equipment provider’s stock worth $374,000 after purchasing an additional 123 shares during the last quarter. Trust Investment Advisors boosted its stake in Motorola Solutions by 1.6% in the 1st quarter. Trust Investment Advisors now owns 4,795 shares of the communications equipment provider’s stock valued at $2,099,000 after purchasing an additional 75 shares during the period. Cullen Frost Bankers Inc. boosted its stake in Motorola Solutions by 87.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 977 shares of the communications equipment provider’s stock valued at $428,000 after purchasing an additional 455 shares during the period. Segall Bryant & Hamill LLC boosted its stake in Motorola Solutions by 73.8% in the 1st quarter. Segall Bryant & Hamill LLC now owns 55,772 shares of the communications equipment provider’s stock valued at $24,418,000 after purchasing an additional 23,690 shares during the period. Finally, Bridgewater Advisors Inc. bought a new stake in Motorola Solutions in the 1st quarter valued at $327,000. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Barclays reduced their price target on Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. William Blair restated an “outperform” rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Wall Street Zen lowered Motorola Solutions from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, UBS Group assumed coverage on Motorola Solutions in a report on Wednesday. They set a “buy” rating and a $490.00 target price on the stock. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $510.67.

Motorola Solutions Stock Performance

MSI opened at $421.06 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. The company’s fifty day moving average price is $416.65 and its two-hundred day moving average price is $430.97. Motorola Solutions, Inc. has a 1-year low of $385.17 and a 1-year high of $507.82. The company has a market cap of $70.28 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 3.58 and a beta of 0.95.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the company posted $2.81 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. On average, analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were issued a $1.09 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.04%. Motorola Solutions’s dividend payout ratio is currently 36.39%.

Insider Activity at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the completion of the sale, the chief accounting officer owned 804 shares in the company, valued at $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.44% of the stock is currently owned by corporate insiders.

Motorola Solutions Company 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.