Patton Fund Management Inc. Reduces Position in Motorola Solutions, Inc. (NYSE:MSI)

Patton Fund Management Inc. trimmed its position in Motorola Solutions, Inc. (NYSE:MSI) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,480 shares of the communications equipment provider’s stock after selling 463 shares during the quarter. Patton Fund Management Inc.’s holdings in Motorola Solutions were worth $3,813,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MFA Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions in the second quarter worth about $25,000. Beacon Capital Management LLC lifted its holdings in shares of Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 28 shares in the last quarter. LRI Investments LLC lifted its holdings in shares of Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 61 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of Motorola Solutions in the first quarter worth about $28,000. Finally, Rise Advisors LLC purchased a new stake in shares of Motorola Solutions in the first quarter worth about $29,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Price Performance

NYSE MSI traded up $2.91 on Thursday, reaching $479.46. 113,958 shares of the company’s stock traded hands, compared to its average volume of 662,994. Motorola Solutions, Inc. has a 12 month low of $271.73 and a 12 month high of $480.28. 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 has a 50-day simple moving average of $440.39 and a 200 day simple moving average of $395.24. The stock has a market cap of $79.97 billion, a PE ratio of 58.91, a P/E/G ratio of 4.07 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period last year, the business earned $2.41 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, research analysts predict that Motorola Solutions, Inc. will post 12.22 earnings per share for the current 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 issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s dividend payout ratio is 48.45%.

Insider Transactions at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the transaction, the chief operating officer now owns 46,821 shares in the company, valued at approximately $19,079,557.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

MSI has been the topic of a number of recent analyst reports. Jefferies Financial Group increased 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. Bank of America upped their price objective on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Barclays upped their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI upped their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $466.17.

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.