Bowen Hanes & Co. Inc. Has $74.13 Million Stake in Motorola Solutions, Inc. $MSI

Bowen Hanes & Co. Inc. reduced its position in Motorola Solutions, Inc. (NYSE:MSI) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,330 shares of the communications equipment provider’s stock after selling 480 shares during the period. Motorola Solutions makes up 2.1% of Bowen Hanes & Co. Inc.’s investment portfolio, making the stock its 15th largest holding. Bowen Hanes & Co. Inc. owned about 0.10% of Motorola Solutions worth $74,134,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Motorola Solutions by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 21,501,114 shares of the communications equipment provider’s stock worth $9,413,403,000 after purchasing an additional 321,280 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Motorola Solutions by 2.0% during the 1st quarter. Raymond James Financial Inc. now owns 3,374,532 shares of the communications equipment provider’s stock valued at $1,477,404,000 after purchasing an additional 66,766 shares during the last quarter. Invesco Ltd. increased its position in shares of Motorola Solutions by 2.6% during the 1st quarter. Invesco Ltd. now owns 2,043,914 shares of the communications equipment provider’s stock valued at $894,846,000 after purchasing an additional 50,891 shares during the last quarter. Northern Trust Corp increased its position in shares of Motorola Solutions by 5.4% during the 1st quarter. Northern Trust Corp now owns 1,969,450 shares of the communications equipment provider’s stock valued at $862,245,000 after purchasing an additional 100,891 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Motorola Solutions by 5.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,703,056 shares of the communications equipment provider’s stock worth $745,616,000 after acquiring an additional 84,312 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. UBS Group lifted their target price on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a report on Friday, August 8th. Wall Street Zen downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Wolfe Research began coverage on Motorola Solutions in a research report on Monday, July 7th. They issued a “peer perform” rating for the company. William Blair restated an “outperform” rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Finally, Barclays dropped their target price on Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $512.67.

Motorola Solutions Trading Up 0.2%

Motorola Solutions stock opened at $461.42 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. The business’s fifty day simple moving average is $426.84 and its two-hundred day simple moving average is $427.06. Motorola Solutions, Inc. has a 12 month low of $388.90 and a 12 month high of $507.82. The company has a market capitalization of $76.87 billion, a price-to-earnings ratio of 37.15, a price-to-earnings-growth ratio of 3.74 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.36 by $0.21. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.74 billion. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.24 earnings per share. As a group, equities analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Katherine A. Maher sold 1,073 shares of the company’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total transaction of $449,243.64. Following the transaction, the chief accounting officer directly owned 804 shares of the company’s stock, valued at $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory Q. Brown sold 82,765 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $463.05, for a total value of $38,324,333.25. Following the transaction, the chief executive officer directly owned 57,836 shares in the company, valued at approximately $26,780,959.80. The trade was a 58.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,438 shares of company stock worth $46,865,881. Corporate insiders own 1.44% 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.