Motorola Solutions, Inc. (NYSE:MSI) Shares Bought by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC increased its stake in Motorola Solutions, Inc. (NYSE:MSI) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,102 shares of the communications equipment provider’s stock after purchasing an additional 136 shares during the period. Hartford Funds Management Co LLC’s holdings in Motorola Solutions were worth $658,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Northwest Capital Management Inc lifted its holdings in shares of Motorola Solutions by 71.4% in the 4th quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 40 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Motorola Solutions in the 4th quarter worth approximately $36,000. Bruce G. Allen Investments LLC bought a new stake in shares of Motorola Solutions in the 4th quarter worth approximately $38,000. BOK Financial Private Wealth Inc. lifted its holdings in shares of Motorola Solutions by 73.2% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 123 shares of the communications equipment provider’s stock worth $39,000 after purchasing an additional 52 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Motorola Solutions in the 3rd quarter worth approximately $52,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

Shares of MSI traded down $8.54 during midday trading on Tuesday, reaching $339.15. The stock had a trading volume of 1,132,592 shares, compared to its average volume of 641,179. Motorola Solutions, Inc. has a 52 week low of $269.64 and a 52 week high of $355.39. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.00 and a quick ratio of 0.85. The firm’s 50 day moving average price is $342.59 and its 200-day moving average price is $323.21. The company has a market capitalization of $56.34 billion, a P/E ratio of 34.15, a P/E/G ratio of 3.20 and a beta of 0.90.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $3.90 EPS for the quarter, topping 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 the consensus estimate of $2.82 billion. During the same quarter in the previous year, the business earned $3.38 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts forecast that Motorola Solutions, Inc. will post 11.74 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Thursday, March 14th. Motorola Solutions’s payout ratio is 39.48%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MSI. JPMorgan Chase & Co. raised their price target on Motorola Solutions from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Barclays lifted their target price on Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft began coverage on Motorola Solutions in a research note on Friday, January 19th. They set a “buy” rating and a $350.00 target price on the stock. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Finally, 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. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Motorola Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $348.38.

Insider Buying and Selling

In related news, SVP Cynthia Yazdi sold 4,744 shares of Motorola Solutions stock in a transaction on Friday, March 1st. The stock was sold at an average price of $334.30, for a total value of $1,585,919.20. Following the transaction, the senior vice president now directly owns 8,858 shares in the company, valued at approximately $2,961,229.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.26% 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.