Kingswood Wealth Advisors LLC Increases Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Kingswood Wealth Advisors LLC increased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 64.0% in the 2nd quarter, Holdings Channel reports. The firm owned 1,222 shares of the communications equipment provider’s stock after buying an additional 477 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Motorola Solutions were worth $472,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Motorola Solutions in the 4th quarter worth $646,341,000. Groupama Asset Managment purchased a new position in Motorola Solutions in the fourth quarter worth about $178,361,000. Alphinity Investment Management Pty Ltd grew its stake in shares of Motorola Solutions by 36.5% during the 1st quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock valued at $524,929,000 after purchasing an additional 395,096 shares during the period. Janus Henderson Group PLC increased its position in shares of Motorola Solutions by 1,477.3% during the 1st quarter. Janus Henderson Group PLC now owns 358,206 shares of the communications equipment provider’s stock valued at $127,149,000 after purchasing an additional 335,496 shares during the last quarter. Finally, Swedbank AB bought a new position in shares of Motorola Solutions in the 1st quarter worth approximately $115,135,000. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on MSI shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Barclays upped their price objective 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 lifted their target price on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $437.40.

Motorola Solutions Price Performance

Shares of NYSE MSI traded up $1.49 during midday trading on Wednesday, reaching $404.34. The stock had a trading volume of 946,716 shares, compared to its average volume of 670,915. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01 and a current ratio of 1.19. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $412.64. The stock has a 50-day moving average of $385.67 and a 200-day moving average of $357.44. The company has a market capitalization of $67.44 billion, a price-to-earnings ratio of 50.66, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Motorola Solutions had a return on equity of 378.15% and a net margin of 14.04%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.41 EPS. As a group, research analysts anticipate that Motorola Solutions, Inc. will post 12.09 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 14th were paid a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.97%. The ex-dividend date was Friday, June 14th. Motorola Solutions’s payout ratio is currently 48.45%.

Insider Activity

In related news, COO John P. Molloy sold 23,985 shares of the business’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 sale, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the sale, the chief operating officer now owns 46,821 shares of the company’s stock, valued at $19,079,557.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the completion of the transaction, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The disclosure for this sale can be found here. Insiders sold a total of 29,949 shares of company stock worth $12,002,807 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

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.