Eagle Bay Advisors LLC Raises Stake in Motorola Solutions, Inc. (NYSE:MSI)

Eagle Bay Advisors LLC raised its position in Motorola Solutions, Inc. (NYSE:MSI) by 68.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 255 shares of the communications equipment provider’s stock after purchasing an additional 104 shares during the period. Eagle Bay Advisors LLC’s holdings in Motorola Solutions were worth $99,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MSI. Capital World Investors boosted its stake in shares of Motorola Solutions by 0.4% in the 4th quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock valued at $3,812,424,000 after purchasing an additional 44,279 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Motorola Solutions by 3.7% in the second quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock worth $895,494,000 after buying an additional 82,044 shares in the last quarter. Norges Bank bought a new stake in shares of Motorola Solutions in the 4th quarter worth $646,341,000. Alphinity Investment Management Pty Ltd increased its holdings in Motorola Solutions by 36.5% in the 1st quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock worth $524,929,000 after buying an additional 395,096 shares in the last quarter. Finally, Swedbank AB raised its holdings in shares of Motorola Solutions by 215.7% during the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after purchasing an additional 699,615 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

NYSE:MSI traded up $1.30 during trading hours on Wednesday, hitting $433.66. 141,721 shares of the company were exchanged, compared to its average volume of 660,344. The company’s 50 day moving average price is $399.25 and its 200-day moving average price is $366.62. The stock has a market capitalization of $72.33 billion, a price-to-earnings ratio of 53.77, a PEG ratio of 3.48 and a beta of 0.94. Motorola Solutions, Inc. has a 52-week low of $269.64 and a 52-week high of $436.45. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data 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 378.15% and a net margin of 14.04%. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period in the prior year, the company earned $2.41 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. As a group, research analysts forecast that Motorola Solutions, Inc. will post 12.09 earnings per share for the current year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.92 annualized dividend and a yield of 0.90%. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

Insider Buying and Selling

In related news, Director Kenneth D. Denman sold 690 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $373.11, for a total value of $257,445.90. Following the transaction, the director now owns 8,141 shares in the company, valued at approximately $3,037,488.51. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Kenneth D. Denman sold 690 shares of Motorola Solutions stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $373.11, for a total transaction of $257,445.90. Following the completion of the transaction, the director now directly owns 8,141 shares of the company’s stock, valued at approximately $3,037,488.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO John P. Molloy sold 23,985 shares of the business’s 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 transaction, the chief operating officer now owns 46,821 shares of the company’s stock, valued at $19,079,557.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,949 shares of company stock worth $12,002,807. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MSI shares. Bank of America raised their price objective on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. 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. boosted their target price on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Barclays lifted their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Buy” and an average price target of $437.40.

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.