Illinois Municipal Retirement Fund Buys 336 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Illinois Municipal Retirement Fund grew its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 31,146 shares of the communications equipment provider’s stock after purchasing an additional 336 shares during the period. Illinois Municipal Retirement Fund’s holdings in Motorola Solutions were worth $9,752,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSI. OmniStar Financial Group Inc. grew its holdings in shares of Motorola Solutions by 1.7% in the fourth quarter. OmniStar Financial Group Inc. now owns 2,032 shares of the communications equipment provider’s stock valued at $636,000 after acquiring an additional 33 shares in the last quarter. Valley National Advisers Inc. grew its holdings in shares of Motorola Solutions by 21.3% in the fourth quarter. Valley National Advisers Inc. now owns 188 shares of the communications equipment provider’s stock valued at $58,000 after acquiring an additional 33 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of Motorola Solutions by 3.0% in the third quarter. Merit Financial Group LLC now owns 1,301 shares of the communications equipment provider’s stock valued at $354,000 after acquiring an additional 38 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Motorola Solutions by 4.8% in the fourth quarter. Valeo Financial Advisors LLC now owns 844 shares of the communications equipment provider’s stock valued at $264,000 after acquiring an additional 39 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Motorola Solutions by 2.0% in the third quarter. Sequoia Financial Advisors LLC now owns 2,047 shares of the communications equipment provider’s stock valued at $557,000 after acquiring an additional 40 shares in the last quarter. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Trading Up 0.1 %

NYSE:MSI opened at $345.69 on Wednesday. The company has a market cap of $57.43 billion, a P/E ratio of 34.81, a P/E/G ratio of 3.19 and a beta of 0.90. The stock’s fifty day moving average price is $340.20 and its two-hundred day moving average price is $321.16. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year 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.

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

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a dividend of $0.98 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.92 annualized dividend and a dividend yield of 1.13%. Motorola Solutions’s dividend payout ratio is currently 39.48%.

Insider Buying and Selling

In related news, SVP Cynthia Yazdi sold 4,744 shares of the 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 sale, the senior vice president now owns 8,858 shares in the company, valued at $2,961,229.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays upped their target price on Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. upped their price objective on Motorola Solutions from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft assumed coverage on Motorola Solutions in a research note on Friday, January 19th. They issued a “buy” rating and a $350.00 price objective on the stock. Finally, Evercore ISI assumed coverage on Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus 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.