Bahl & Gaynor Inc. Has $118.45 Million Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Bahl & Gaynor Inc. cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 378,316 shares of the communications equipment provider’s stock after selling 7,581 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Motorola Solutions were worth $118,447,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of Motorola Solutions by 1.6% in the 3rd quarter. FMR LLC now owns 2,350,325 shares of the communications equipment provider’s stock valued at $639,853,000 after acquiring an additional 37,718 shares during the period. Raymond James & Associates raised its position in shares of Motorola Solutions by 4.7% in the 4th quarter. Raymond James & Associates now owns 2,155,597 shares of the communications equipment provider’s stock valued at $674,896,000 after acquiring an additional 96,421 shares during the period. Invesco Ltd. raised its position in shares of Motorola Solutions by 0.4% in the 3rd quarter. Invesco Ltd. now owns 2,006,858 shares of the communications equipment provider’s stock valued at $546,347,000 after acquiring an additional 8,514 shares during the period. Northern Trust Corp raised its position in shares of Motorola Solutions by 1.5% in the 3rd quarter. Northern Trust Corp now owns 1,841,890 shares of the communications equipment provider’s stock valued at $501,436,000 after acquiring an additional 27,874 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Motorola Solutions by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,605,900 shares of the communications equipment provider’s stock valued at $437,190,000 after acquiring an additional 36,061 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Motorola Solutions

In other news, SVP Cynthia Yazdi sold 4,744 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 8,858 shares of the company’s stock, valued at approximately $2,961,229.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Motorola Solutions Price Performance

NYSE MSI opened at $346.48 on Friday. The business has a 50 day simple moving average of $341.73 and a 200 day simple moving average of $321.94. Motorola Solutions, Inc. has a 52-week low of $269.64 and a 52-week high of $355.39. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.85 and a current ratio of 1.00. The stock has a market cap of $57.56 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 3.22 and a beta of 0.90.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.27. The company had revenue of $2.85 billion during 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 business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $3.38 EPS. Analysts anticipate that Motorola Solutions, Inc. will post 11.74 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a dividend of $0.98 per share. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MSI. Barclays increased their price target on shares of Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. increased their price target on shares of Motorola Solutions from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft began coverage on shares of Motorola Solutions in a research report on Friday, January 19th. They issued a “buy” rating and a $350.00 price target on the stock. William Blair reissued an “outperform” rating on shares of Motorola Solutions in a research note on Friday, February 9th. Finally, Evercore ISI began coverage on Motorola Solutions in a research note on Monday, March 25th. They set 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, Motorola Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $348.38.

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.