Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Hibernia Wealth Partners LLC

Hibernia Wealth Partners LLC trimmed its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 28.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 604 shares of the communications equipment provider’s stock after selling 241 shares during the period. Hibernia Wealth Partners LLC’s holdings in Motorola Solutions were worth $272,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MSI. MFA Wealth Advisors LLC acquired a new stake in Motorola Solutions in the 2nd quarter worth about $25,000. Beacon Capital Management LLC raised its holdings in shares of Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares during the period. LRI Investments LLC raised its holdings 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 worth $26,000 after purchasing an additional 61 shares during the period. Crewe Advisors LLC purchased a new position in shares of Motorola Solutions in the 1st quarter worth about $28,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Motorola Solutions in the 2nd quarter worth about $29,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of the business’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 transaction of $9,773,887.50. Following the completion of the transaction, the chief operating officer now owns 46,821 shares in the company, valued at $19,079,557.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

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

Motorola Solutions Price Performance

Shares of NYSE MSI opened at $462.32 on Monday. Motorola Solutions, Inc. has a fifty-two week low of $271.73 and a fifty-two week high of $480.28. The business has a 50 day moving average price of $448.08 and a two-hundred day moving average price of $401.45. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The firm has a market cap of $77.11 billion, a PE ratio of 57.15, a price-to-earnings-growth ratio of 3.96 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, topping the consensus estimate of $3.01 by $0.23. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.41 EPS. Sell-side analysts expect that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were given a $0.98 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.92 annualized dividend and a dividend yield of 0.85%. Motorola Solutions’s payout ratio is 48.45%.

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.