Fort Washington Investment Advisors Inc. OH Acquires 32 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Fort Washington Investment Advisors Inc. OH raised its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 5.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 603 shares of the communications equipment provider’s stock after buying an additional 32 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Motorola Solutions were worth $233,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Motorola Solutions in the 4th quarter valued at $646,341,000. Swedbank AB grew its position in Motorola Solutions by 215.7% during the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock worth $395,298,000 after buying an additional 699,615 shares in the last quarter. Groupama Asset Managment acquired a new position in Motorola Solutions in the 4th quarter valued at $178,361,000. Alphinity Investment Management Pty Ltd lifted its position in shares of Motorola Solutions by 36.5% during the 1st quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock valued at $524,929,000 after acquiring an additional 395,096 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of Motorola Solutions by 1,477.3% during the 1st quarter. Janus Henderson Group PLC now owns 358,206 shares of the communications equipment provider’s stock worth $127,149,000 after purchasing an additional 335,496 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MSI shares. Evercore ISI boosted 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. Barclays boosted their target price on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, Bank of America upped their target price on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $457.40.

Motorola Solutions Price Performance

Shares of MSI traded up $4.89 during mid-day trading on Friday, reaching $442.04. The company had a trading volume of 909,093 shares, compared to its average volume of 662,132. The company’s 50 day simple moving average is $402.31 and its 200 day simple moving average is $368.29. The company has a market capitalization of $73.73 billion, a price-to-earnings ratio of 54.64, a P/E/G ratio of 3.48 and a beta of 0.94. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $443.88. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01 and a current ratio of 1.19.

Motorola Solutions (NYSE:MSI) last issued its 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. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 378.15%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $2.41 earnings per share. Analysts expect that Motorola Solutions, Inc. will post 12.09 EPS for the current year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.89%. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Insiders Place Their Bets

In other news, Director Kenneth D. Denman sold 690 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $373.11, for a total value of $257,445.90. Following the completion of the transaction, the director now owns 8,141 shares of the company’s stock, valued at $3,037,488.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Kenneth D. Denman sold 690 shares of the firm’s stock in a transaction 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 owns 8,141 shares of the company’s stock, valued at $3,037,488.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction 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 transaction, the chief operating officer now owns 46,821 shares in the company, valued at approximately $19,079,557.50. The disclosure for this sale can be found here. Insiders sold a total of 29,949 shares of company stock valued at $12,002,807 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

About Motorola Solutions

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.