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

Illinois Municipal Retirement Fund boosted its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 31,146 shares of the communications equipment provider’s stock after acquiring an additional 336 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Motorola Solutions were worth $9,752,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in Motorola Solutions by 1.6% during the 3rd quarter. FMR LLC now owns 2,350,325 shares of the communications equipment provider’s stock valued at $639,853,000 after purchasing an additional 37,718 shares during the last quarter. Raymond James & Associates grew its holdings in Motorola Solutions by 4.7% during 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 purchasing an additional 96,421 shares during the last quarter. Invesco Ltd. grew its holdings in Motorola Solutions by 0.4% during the 3rd quarter. Invesco Ltd. now owns 2,006,858 shares of the communications equipment provider’s stock valued at $546,347,000 after purchasing an additional 8,514 shares during the last quarter. Northern Trust Corp grew its holdings in Motorola Solutions by 1.5% during 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 purchasing an additional 27,874 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Motorola Solutions by 2.3% during 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 purchasing an additional 36,061 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MSI shares. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Monday, February 12th. William Blair restated an “outperform” rating on shares of Motorola Solutions in a research note on Friday, February 9th. Evercore ISI initiated coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 target price on the stock. Barclays upped their target price on shares of Motorola Solutions from $333.00 to $352.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Motorola Solutions in a research note on Friday, January 19th. They issued a “buy” rating and a $350.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $348.38.

Insider Activity

In other Motorola Solutions 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 value of $1,585,919.20. Following the completion of the sale, the senior vice president now directly owns 8,858 shares in the company, valued at $2,961,229.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.26% of the company’s stock.

Motorola Solutions Price Performance

NYSE MSI opened at $345.69 on Wednesday. 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 firm’s 50 day moving average price is $340.20 and its 200-day moving average price is $321.16. Motorola Solutions, Inc. has a 52-week low of $269.64 and a 52-week high of $355.39. The company has a market cap of $57.43 billion, a PE ratio of 34.81, a P/E/G ratio of 3.19 and a beta of 0.90.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.63 by $0.27. Motorola Solutions had a net margin of 17.12% and a return on equity of 441.65%. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the firm earned $3.38 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Sell-side analysts forecast that Motorola Solutions, Inc. will post 11.74 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed 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 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 is presently 39.48%.

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.