Wulff Hansen & CO. Boosts Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Wulff Hansen & CO. grew its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 38,505.0% in the second quarter, Holdings Channel reports. The institutional investor owned 696,434 shares of the communications equipment provider’s stock after purchasing an additional 694,630 shares during the period. Motorola Solutions makes up 1.4% of Wulff Hansen & CO.’s holdings, making the stock its 16th biggest holding. Wulff Hansen & CO.’s holdings in Motorola Solutions were worth $268,858,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MSI. Citizens Financial Group Inc. RI lifted its stake in Motorola Solutions by 250.1% during the second quarter. Citizens Financial Group Inc. RI now owns 6,112 shares of the communications equipment provider’s stock worth $2,360,000 after purchasing an additional 4,366 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its position in shares of Motorola Solutions by 55.8% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 4,041 shares of the communications equipment provider’s stock worth $1,561,000 after buying an additional 1,448 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Motorola Solutions by 247.5% in the 2nd quarter. Quantbot Technologies LP now owns 8,926 shares of the communications equipment provider’s stock valued at $3,446,000 after buying an additional 6,357 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Motorola Solutions by 19.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 702,664 shares of the communications equipment provider’s stock valued at $271,268,000 after buying an additional 112,738 shares during the last quarter. Finally, Plato Investment Management Ltd grew its position in shares of Motorola Solutions by 4.7% in the 2nd quarter. Plato Investment Management Ltd now owns 8,553 shares of the communications equipment provider’s stock valued at $3,302,000 after buying an additional 383 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Trading Up 0.3 %

NYSE:MSI opened at $443.24 on Tuesday. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $448.98. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. The stock’s 50 day simple moving average is $414.82 and its 200-day simple moving average is $378.52. The firm has a market cap of $73.93 billion, a P/E ratio of 54.79, a PEG ratio of 3.80 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.23. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the company posted $2.41 EPS. Motorola Solutions’s revenue was up 9.4% compared to the same quarter last year. Equities 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 will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be given a $0.98 dividend. 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 0.88%. Motorola Solutions’s payout ratio is currently 48.45%.

Analysts Set New Price Targets

Several research firms have issued reports on MSI. JPMorgan Chase & Co. upped their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Barclays upped their target price on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Bank of America lifted their price target on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Jefferies Financial Group increased their price objective on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Evercore ISI upped their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Motorola Solutions has an average rating of “Buy” and a consensus target price of $466.17.

Insider Buying and Selling at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total value of $9,773,887.50. Following the completion of the sale, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is 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.