Perigon Wealth Management LLC Buys Shares of 1,430 Motorola Solutions, Inc. (NYSE:MSI)

Perigon Wealth Management LLC bought a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,430 shares of the communications equipment provider’s stock, valued at approximately $320,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. lifted its stake in Motorola Solutions by 4.3% during the 3rd quarter. BlackRock Inc. now owns 14,651,837 shares of the communications equipment provider’s stock valued at $3,281,573,000 after acquiring an additional 599,327 shares during the period. State Street Corp lifted its stake in shares of Motorola Solutions by 0.3% in the 3rd quarter. State Street Corp now owns 7,158,494 shares of the communications equipment provider’s stock worth $1,608,781,000 after purchasing an additional 22,604 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Motorola Solutions by 32.4% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 2,775,220 shares of the communications equipment provider’s stock worth $621,567,000 after purchasing an additional 678,694 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of Motorola Solutions by 18.9% in the 3rd quarter. Nuveen Asset Management LLC now owns 1,657,892 shares of the communications equipment provider’s stock worth $371,318,000 after purchasing an additional 264,011 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of Motorola Solutions by 149.0% in the 3rd quarter. Bessemer Group Inc. now owns 1,583,272 shares of the communications equipment provider’s stock worth $354,605,000 after purchasing an additional 947,497 shares during the period. Institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling at Motorola Solutions

In related news, Director Kenneth D. Denman sold 1,500 shares of the firm’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $266.33, for a total value of $399,495.00. Following the completion of the transaction, the director now directly owns 8,313 shares of the company’s stock, valued at $2,214,001.29. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Cynthia Yazdi sold 8,734 shares of the firm’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $270.37, for a total value of $2,361,411.58. Following the completion of the transaction, the senior vice president now directly owns 2,873 shares of the company’s stock, valued at $776,773.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kenneth D. Denman sold 1,500 shares of the firm’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $266.33, for a total transaction of $399,495.00. Following the completion of the transaction, the director now directly owns 8,313 shares of the company’s stock, valued at $2,214,001.29. The disclosure for this sale can be found here. Insiders sold a total of 37,167 shares of company stock valued at $10,066,483 in the last three months. 1.85% of the stock is currently owned by corporate insiders.

Motorola Solutions Trading Down 1.6 %

Shares of MSI opened at $264.24 on Friday. The company has a debt-to-equity ratio of 45.90, a current ratio of 1.15 and a quick ratio of 0.92. Motorola Solutions, Inc. has a 1 year low of $195.18 and a 1 year high of $275.16. The company has a 50 day simple moving average of $262.49 and a two-hundred day simple moving average of $253.02. The firm has a market cap of $44.19 billion, a P/E ratio of 33.32, a price-to-earnings-growth ratio of 2.85 and a beta of 0.92.

Motorola Solutions (NYSE:MSI – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The communications equipment provider reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.17. Motorola Solutions had a net margin of 14.96% and a negative return on equity of 663.73%. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period last year, the firm posted $2.66 EPS. The company’s revenue was up 16.6% on a year-over-year basis. On average, equities analysts expect that Motorola Solutions, Inc. will post 10.09 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Wednesday, March 15th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Tuesday, March 14th. Motorola Solutions’s dividend payout ratio (DPR) is currently 44.39%.

Wall Street Analyst Weigh In

MSI has been the topic of several recent research reports. Credit Suisse Group cut shares of Motorola Solutions from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $300.00 to $270.00 in a research note on Wednesday, January 11th. TheStreet upgraded shares of Motorola Solutions from a “c+” rating to a “b” rating in a research note on Thursday, February 9th. Edward Jones cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Monday, January 23rd. JPMorgan Chase & Co. upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $300.00 to $305.00 in a research note on Thursday. Finally, Barclays decreased their target price on shares of Motorola Solutions from $306.00 to $303.00 and set an “overweight” rating on the stock in a research note on Friday, February 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $290.67.

Motorola Solutions Profile

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Motorola Solutions, Inc engages in the provision of communication infrastructure, devices, accessories, software, and services. It operates through the following 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 the implementation and integration of such systems, devices, and applications.