Stonebrook Private Inc. Takes Position in Motorola Solutions, Inc. (NYSE:MSI)

Stonebrook Private Inc. bought a new position in Motorola Solutions, Inc. (NYSE:MSI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,914 shares of the communications equipment provider’s stock, valued at approximately $3,730,000. Motorola Solutions accounts for approximately 1.2% of Stonebrook Private Inc.’s portfolio, making the stock its 25th largest position.

Several other institutional investors also recently bought and sold shares of the business. Avior Wealth Management LLC grew its holdings in Motorola Solutions by 196.8% in the 3rd quarter. Avior Wealth Management LLC now owns 276 shares of the communications equipment provider’s stock valued at $75,000 after buying an additional 183 shares during the period. Private Trust Co. NA raised its stake in Motorola Solutions by 6.9% during the third quarter. Private Trust Co. NA now owns 685 shares of the communications equipment provider’s stock worth $186,000 after purchasing an additional 44 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Motorola Solutions by 1.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 75,502 shares of the communications equipment provider’s stock valued at $20,555,000 after purchasing an additional 1,208 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. purchased a new stake in shares of Motorola Solutions during the 3rd quarter valued at $204,000. Finally, Golden State Equity Partners grew its position in Motorola Solutions by 13.6% during the third quarter. Golden State Equity Partners now owns 1,010 shares of the communications equipment provider’s stock valued at $275,000 after acquiring an additional 121 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

NYSE MSI traded down $2.54 during trading hours on Friday, reaching $346.48. The company’s stock had a trading volume of 595,466 shares, compared to its average volume of 604,473. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 6.37. The business has a 50-day simple moving average of $341.73 and a 200 day simple moving average of $322.19. Motorola Solutions, Inc. has a 52 week low of $269.64 and a 52 week high of $355.39. The stock has a market cap of $57.56 billion, a PE ratio of 34.89, a PEG ratio of 3.20 and a beta of 0.90.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.63 by $0.27. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the business posted $3.38 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts predict that Motorola Solutions, Inc. will post 11.74 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, March 14th. Motorola Solutions’s payout ratio is currently 39.48%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Evercore ISI started coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Motorola Solutions from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a report on Monday, February 12th. Barclays upped their target price on Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Motorola Solutions in a research note on Friday, January 19th. They set a “buy” rating and a $350.00 target price for the company. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $348.38.

Insider Activity at Motorola Solutions

In other news, SVP Cynthia Yazdi sold 4,744 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the completion of the transaction, the senior vice president now owns 8,858 shares in the company, valued at approximately $2,961,229.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company 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.