Gilliland Jeter Wealth Management LLC Takes $2.54 Million Position in Motorola Solutions, Inc. (NYSE:MSI)

Gilliland Jeter Wealth Management LLC bought a new position in Motorola Solutions, Inc. (NYSE:MSI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,127 shares of the communications equipment provider’s stock, valued at approximately $2,544,000. Motorola Solutions accounts for approximately 1.1% of Gilliland Jeter Wealth Management LLC’s holdings, making the stock its 24th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSI. Northwest Capital Management Inc raised its holdings in shares of Motorola Solutions by 71.4% in the 4th quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 40 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in Motorola Solutions during the 4th quarter worth approximately $36,000. Bruce G. Allen Investments LLC acquired a new stake in Motorola Solutions during the 4th quarter worth approximately $38,000. BOK Financial Private Wealth Inc. raised its holdings in Motorola Solutions by 73.2% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 123 shares of the communications equipment provider’s stock valued at $39,000 after buying an additional 52 shares during the period. Finally, Valley National Advisers Inc. lifted its position in Motorola Solutions by 21.3% during the fourth quarter. Valley National Advisers Inc. now owns 188 shares of the communications equipment provider’s stock valued at $58,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MSI shares. JPMorgan Chase & Co. increased their price objective on shares of Motorola Solutions from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Evercore ISI initiated coverage on Motorola Solutions in a report on Monday, March 25th. They issued an “outperform” rating and a $400.00 price target for the company. William Blair restated an “outperform” rating on shares of Motorola Solutions in a research note on Friday, February 9th. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Finally, Barclays raised 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. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $348.38.

Motorola Solutions Stock Down 0.7 %

MSI stock traded down $2.54 during midday trading on Friday, hitting $346.48. 595,466 shares of the company’s stock were exchanged, compared to its average volume of 604,473. The firm has a 50 day moving average price of $341.73 and a 200-day moving average price of $322.19. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $355.39. The stock has a market capitalization of $57.56 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 3.20 and a beta of 0.90. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 6.37.

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

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a $0.98 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.13%. Motorola Solutions’s dividend payout ratio (DPR) is presently 39.48%.

Insider Transactions at Motorola Solutions

In related news, SVP Cynthia Yazdi sold 4,744 shares of the business’s stock in a transaction dated 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 completion of 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 SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

Motorola Solutions Company 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.