Tower Wealth Partners Inc. Has $261,000 Position in Motorola Solutions, Inc. (NYSE:MSI)

Tower Wealth Partners Inc. lifted its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 14.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 596 shares of the communications equipment provider’s stock after buying an additional 77 shares during the period. Tower Wealth Partners Inc.’s holdings in Motorola Solutions were worth $261,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Center for Financial Planning Inc. grew its position in Motorola Solutions by 0.5% during the fourth quarter. Center for Financial Planning Inc. now owns 5,055 shares of the communications equipment provider’s stock worth $2,337,000 after buying an additional 25 shares in the last quarter. Prestige Wealth Management Group LLC grew its position in Motorola Solutions by 11.9% during the fourth quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider’s stock worth $109,000 after buying an additional 25 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in Motorola Solutions by 22.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider’s stock worth $63,000 after buying an additional 25 shares in the last quarter. Clark Capital Management Group Inc. grew its position in Motorola Solutions by 4.3% during the fourth quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider’s stock worth $294,000 after buying an additional 26 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its position in Motorola Solutions by 1.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 2,035 shares of the communications equipment provider’s stock worth $941,000 after buying an additional 27 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Trading Up 0.4%

Shares of MSI stock opened at $417.80 on Friday. The stock’s fifty day moving average price is $419.32 and its two-hundred day moving average price is $444.29. The company has a market cap of $69.74 billion, a PE ratio of 45.31, a P/E/G ratio of 3.82 and a beta of 0.96. Motorola Solutions, Inc. has a fifty-two week low of $369.91 and a fifty-two week high of $507.82. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.17. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the business posted $2.81 EPS. Motorola Solutions’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, June 13th. Motorola Solutions’s dividend payout ratio (DPR) is 36.39%.

Insider Activity at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the firm’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total transaction of $449,243.64. Following the sale, the chief accounting officer now owns 804 shares of the company’s stock, valued at $336,618.72. This trade represents a 57.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.44% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MSI. William Blair reissued an “outperform” rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Wall Street Zen downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price target on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Morgan Stanley raised their target price on Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, Barclays reduced their target price on Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $513.25.

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.