CHB Investment Group LLC Acquires New Shares in Motorola Solutions, Inc. (NYSE:MSI)

CHB Investment Group LLC bought a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,011 shares of the communications equipment provider’s stock, valued at approximately $3,153,000. Motorola Solutions makes up approximately 1.7% of CHB Investment Group LLC’s investment portfolio, making the stock its 11th largest position.

A number of other large investors have also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC acquired a new stake in Motorola Solutions in the 2nd quarter valued at about $25,000. Beacon Capital Management LLC lifted its stake in Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 28 shares during the last quarter. LRI Investments LLC lifted its stake in Motorola Solutions by 871.4% in the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in Motorola Solutions in the 2nd quarter valued at about $29,000. Finally, Crewe Advisors LLC acquired a new stake in Motorola Solutions in the 1st quarter valued at about $28,000. Institutional investors own 84.17% of the company’s stock.

Insiders Place Their Bets

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.50% of the stock is currently owned by insiders.

Motorola Solutions Price Performance

MSI stock opened at $473.91 on Friday. The firm has a market cap of $79.05 billion, a price-to-earnings ratio of 59.03, a PEG ratio of 4.07 and a beta of 0.97. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. Motorola Solutions, Inc. has a 12-month low of $271.73 and a 12-month high of $480.28. The company’s fifty day simple moving average is $441.69 and its 200 day simple moving average is $395.81.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, topping the consensus estimate of $3.01 by $0.23. The company had revenue of $2.63 billion during 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 firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.41 earnings per share. On average, analysts expect that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s payout ratio is presently 48.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Bank of America raised 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. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of 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 lifted their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Barclays boosted their target price on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Motorola Solutions presently has an average 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.