Saxon Interests Inc. Grows Position in Motorola Solutions, Inc. (NYSE:MSI)

Saxon Interests Inc. raised its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 7.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 3,887 shares of the communications equipment provider’s stock after purchasing an additional 263 shares during the period. Saxon Interests Inc.’s holdings in Motorola Solutions were worth $1,380,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Rise Advisors LLC bought a new position in shares of Motorola Solutions during the 1st quarter valued at approximately $29,000. Hexagon Capital Partners LLC boosted its position in shares of Motorola Solutions by 78.7% in the first quarter. Hexagon Capital Partners LLC now owns 84 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 37 shares during the period. Private Wealth Management Group LLC purchased a new stake in shares of Motorola Solutions in the fourth quarter worth $29,000. Motco raised its position in shares of Motorola Solutions by 137.5% during the 4th quarter. Motco now owns 95 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 55 shares during the period. Finally, Northwest Capital Management Inc lifted its stake in shares of Motorola Solutions by 71.4% during the 4th quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock valued at $30,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MSI shares. Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. Barclays increased their target price on Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Evercore ISI began coverage on Motorola Solutions in a research note on Monday, March 25th. They set an “outperform” rating and a $400.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $358.86.

Insider Transactions at Motorola Solutions

In other news, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the completion of the sale, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Rajan Naik sold 5,274 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total value of $1,971,473.94. Following the sale, the senior vice president now owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Katherine A. Maher sold 2,615 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total transaction of $927,488.20. Following the completion of the sale, the chief accounting officer now owns 1,138 shares of the company’s stock, valued at approximately $403,625.84. The disclosure for this sale can be found here. Insiders have sold a total of 9,389 shares of company stock worth $3,446,461 in the last three months. Insiders own 1.26% of the company’s stock.

Motorola Solutions Price Performance

Motorola Solutions stock traded up $0.39 during midday trading on Tuesday, reaching $386.76. 368,080 shares of the stock traded hands, compared to its average volume of 665,755. The stock has a market cap of $64.51 billion, a P/E ratio of 47.81, a PEG ratio of 3.38 and a beta of 0.94. The stock’s fifty day moving average is $366.44 and its 200-day moving average is $342.78. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 11.16. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $391.65.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.29. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.34 billion. As a group, equities research analysts anticipate that Motorola Solutions, Inc. will post 12.07 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be paid a $0.98 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.01%. Motorola Solutions’s payout ratio is currently 48.45%.

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.