Thurston Springer Miller Herd & Titak Inc. Has $245,000 Stake in Motorola Solutions, Inc. (NYSE:MSI)

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 43.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 546 shares of the communications equipment provider’s stock after purchasing an additional 166 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Motorola Solutions were worth $245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Beacon Capital Management LLC grew its holdings in shares of Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 28 shares during the last quarter. Range Financial Group LLC increased its holdings in Motorola Solutions by 2.0% during the 2nd quarter. Range Financial Group LLC now owns 1,424 shares of the communications equipment provider’s stock worth $550,000 after purchasing an additional 28 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in shares of Motorola Solutions by 1.0% in the first quarter. Rehmann Capital Advisory Group now owns 2,910 shares of the communications equipment provider’s stock worth $1,033,000 after purchasing an additional 30 shares during the last quarter. Forum Financial Management LP boosted its position in shares of Motorola Solutions by 2.3% during the second quarter. Forum Financial Management LP now owns 1,350 shares of the communications equipment provider’s stock valued at $521,000 after buying an additional 30 shares during the last quarter. Finally, Anchor Investment Management LLC grew its holdings in Motorola Solutions by 7.7% during the second quarter. Anchor Investment Management LLC now owns 419 shares of the communications equipment provider’s stock worth $162,000 after buying an additional 30 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now owns 46,821 shares in the company, valued at $19,079,557.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Motorola Solutions Stock Performance

Shares of MSI opened at $472.99 on Tuesday. Motorola Solutions, Inc. has a 1 year low of $271.73 and a 1 year high of $475.97. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The stock’s fifty day moving average price is $437.53 and its two-hundred day moving average price is $393.83. The firm has a market cap of $78.89 billion, a PE ratio of 58.47, a PEG ratio of 4.07 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, beating the consensus estimate of $3.01 by $0.23. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.41 earnings per share. On average, equities research analysts forecast that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be given a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MSI shares. Deutsche Bank Aktiengesellschaft raised their price objective on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Jefferies Financial Group boosted their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. increased 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 boosted their target price on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Bank of America increased their price target on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $466.17.

Motorola Solutions 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.