Alpine Woods Capital Investors LLC Sells 7,222 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Alpine Woods Capital Investors LLC cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 39.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,033 shares of the communications equipment provider's stock after selling 7,222 shares during the quarter. Motorola Solutions accounts for 1.2% of Alpine Woods Capital Investors LLC's holdings, making the stock its 26th largest position. Alpine Woods Capital Investors LLC's holdings in Motorola Solutions were worth $4,830,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Deseret Mutual Benefit Administrators raised its holdings in Motorola Solutions by 5.4% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 471 shares of the communications equipment provider's stock valued at $206,000 after acquiring an additional 24 shares in the last quarter. Prestige Wealth Management Group LLC raised its stake in Motorola Solutions by 11.9% in the fourth quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider's stock valued at $109,000 after purchasing an additional 25 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position in Motorola Solutions by 22.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider's stock worth $63,000 after purchasing an additional 25 shares during the period. Clark Capital Management Group Inc. grew its stake in Motorola Solutions by 4.3% during the fourth quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider's stock worth $294,000 after buying an additional 26 shares in the last quarter. Finally, Wesbanco Bank Inc. grew its stake in Motorola Solutions by 2.0% during the first quarter. Wesbanco Bank Inc. now owns 1,315 shares of the communications equipment provider's stock worth $576,000 after buying an additional 26 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total transaction of $449,243.64. Following the sale, the chief accounting officer owned 804 shares of the company's stock, valued at approximately $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.44% of the stock is owned by corporate insiders.

Motorola Solutions Trading Down 0.3%

NYSE:MSI traded down $1.23 during trading hours on Friday, hitting $416.50. 720,333 shares of the company were exchanged, compared to its average volume of 825,744. The stock has a market capitalization of $69.52 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 3.60 and a beta of 0.95. Motorola Solutions, Inc. has a one year low of $385.17 and a one year high of $507.82. The company has a fifty day simple moving average of $416.32 and a 200 day simple moving average of $432.45. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.01 by $0.17. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the company earned $2.81 earnings per share. The firm's revenue was up 5.8% compared to the same quarter last year. Sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. William Blair restated an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Barclays lowered their price objective on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Wolfe Research assumed coverage on shares of Motorola Solutions in a research report on Monday. They issued a "peer perform" rating on the stock. Finally, Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $513.25.

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.