PFG Investments LLC Makes New $471,000 Investment in Motorola Solutions, Inc. (NYSE:MSI)

PFG Investments LLC acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,326 shares of the communications equipment provider’s stock, valued at approximately $471,000.

Several other institutional investors also recently bought and sold shares of MSI. Norges Bank purchased a new stake in Motorola Solutions during the fourth quarter worth approximately $646,341,000. Alphinity Investment Management Pty Ltd purchased a new stake in Motorola Solutions during the fourth quarter worth approximately $339,283,000. Groupama Asset Managment purchased a new stake in Motorola Solutions during the fourth quarter worth approximately $178,361,000. Ameriprise Financial Inc. grew its stake in Motorola Solutions by 67.8% during the third quarter. Ameriprise Financial Inc. now owns 1,193,146 shares of the communications equipment provider’s stock worth $324,614,000 after buying an additional 482,023 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Motorola Solutions during the third quarter worth approximately $77,388,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Stock Down 2.5 %

MSI traded down $8.54 during trading on Tuesday, hitting $339.15. The company had a trading volume of 1,132,592 shares, compared to its average volume of 641,179. The company has a market cap of $56.34 billion, a PE ratio of 34.15, a P/E/G ratio of 3.20 and a beta of 0.90. The business has a 50-day moving average of $342.59 and a 200-day moving average of $323.21. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.00 and a quick ratio of 0.85. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $355.39.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.63 by $0.27. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Motorola Solutions had a net margin of 17.12% and a return on equity of 441.65%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.38 earnings per share. As a group, analysts forecast that Motorola Solutions, Inc. will post 11.74 earnings per share for the current year.

Motorola Solutions Announces Dividend

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

Insiders Place Their Bets

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the sale, the senior vice president now directly owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on MSI. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. William Blair restated an “outperform” rating on shares of Motorola Solutions in a research note on Friday, February 9th. Barclays upped their target price on shares of 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 shares of Motorola Solutions in a research note on Friday, January 19th. They issued a “buy” rating and a $350.00 target price for the company. Finally, Evercore ISI began coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 target price for the company. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Motorola Solutions has an average rating of “Moderate Buy” and an average price target of $348.38.

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.