CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Takes $1.80 Million Position in Motorola Solutions, Inc. (NYSE:MSI)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in Motorola Solutions, Inc. (NYSE:MSI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,000 shares of the communications equipment provider’s stock, valued at approximately $1,799,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eastern Bank increased its holdings in Motorola Solutions by 54.4% during the third quarter. Eastern Bank now owns 1,496 shares of the communications equipment provider’s stock worth $673,000 after buying an additional 527 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Motorola Solutions by 48.9% in the third quarter. Sequoia Financial Advisors LLC now owns 5,906 shares of the communications equipment provider’s stock valued at $2,655,000 after purchasing an additional 1,939 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Motorola Solutions by 3.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 27,193 shares of the communications equipment provider’s stock worth $12,227,000 after acquiring an additional 965 shares during the last quarter. Whittier Trust Co. grew its position in shares of Motorola Solutions by 3.2% in the third quarter. Whittier Trust Co. now owns 63,991 shares of the communications equipment provider’s stock valued at $28,772,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of Motorola Solutions during the third quarter valued at about $49,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

Shares of NYSE MSI traded down $5.56 during midday trading on Tuesday, hitting $471.54. 294,887 shares of the stock traded hands, compared to its average volume of 662,726. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. Motorola Solutions, Inc. has a one year low of $271.73 and a one year high of $480.28. The firm has a market capitalization of $78.65 billion, a P/E ratio of 58.98, a PEG ratio of 4.07 and a beta of 0.97. The firm has a 50-day moving average of $444.27 and a two-hundred day moving average of $398.21.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the firm earned $2.41 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Wall Street Analyst Weigh In

MSI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Bank of America upped their price target on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Barclays boosted their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Jefferies Financial Group increased their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Evercore ISI raised their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, Motorola Solutions has a consensus rating of “Buy” and a consensus target price of $466.17.

Insider Buying and Selling at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the completion of the sale, the chief operating officer now owns 46,821 shares in the company, valued at approximately $19,079,557.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

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.