Brighton Jones LLC Decreases Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Brighton Jones LLC lowered its stake in Motorola Solutions, Inc. (NYSE:MSI) by 12.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 790 shares of the communications equipment provider’s stock after selling 112 shares during the period. Brighton Jones LLC’s holdings in Motorola Solutions were worth $355,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. MFA Wealth Advisors LLC purchased a new position in Motorola Solutions during the 2nd quarter valued at about $25,000. Beacon Capital Management LLC increased its holdings in Motorola Solutions by 71.8% during 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 period. LRI Investments LLC increased its holdings in Motorola Solutions by 871.4% during 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 period. Triad Wealth Partners LLC purchased a new position in Motorola Solutions during the 2nd quarter valued at about $29,000. Finally, Crewe Advisors LLC purchased a new position in Motorola Solutions during the 1st quarter valued at about $28,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $462.32 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The company has a market capitalization of $77.13 billion, a P/E ratio of 54.14, a PEG ratio of 3.96 and a beta of 0.97. The stock’s 50 day moving average is $448.08 and its 200 day moving average is $400.74. Motorola Solutions, Inc. has a twelve month low of $271.73 and a twelve month high of $480.28.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.23. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.41 EPS. On average, equities research analysts predict that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were paid a $0.98 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.92 annualized dividend and a dividend yield of 0.85%. Motorola Solutions’s payout ratio is currently 45.90%.

Insider Buying and Selling

In related news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction that occurred on 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 owns 46,821 shares in the company, valued at $19,079,557.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MSI has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price target on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI lifted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, Bank of America lifted their price objective on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $479.50.

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.