Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Board of the Pension Protection Fund

Board of the Pension Protection Fund lowered its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 48.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,300 shares of the communications equipment provider's stock after selling 1,200 shares during the period. Board of the Pension Protection Fund's holdings in Motorola Solutions were worth $569,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MSI. Raymond James Financial Inc. acquired a new stake in Motorola Solutions in the fourth quarter valued at $1,528,949,000. Norges Bank purchased a new stake in shares of Motorola Solutions in the 4th quarter worth about $1,073,645,000. GAMMA Investing LLC boosted its position in shares of Motorola Solutions by 43,787.3% in the 1st quarter. GAMMA Investing LLC now owns 1,084,455 shares of the communications equipment provider's stock worth $474,785,000 after buying an additional 1,081,984 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Motorola Solutions by 330.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider's stock valued at $291,922,000 after acquiring an additional 484,727 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Motorola Solutions by 12.1% during the 4th quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock valued at $1,933,360,000 after acquiring an additional 451,172 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Trading Up 0.7%

NYSE MSI traded up $2.85 during trading hours on Friday, hitting $418.12. 908,372 shares of the company's stock were exchanged, compared to its average volume of 819,265. Motorola Solutions, Inc. has a 12-month low of $384.15 and a 12-month high of $507.82. The business's 50 day moving average is $417.53 and its 200-day moving average is $436.12. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.03 and a current ratio of 1.20. The firm has a market capitalization of $69.79 billion, a P/E ratio of 34.90, a price-to-earnings-growth ratio of 3.61 and a beta of 0.96.

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

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.04%. Motorola Solutions's payout ratio is currently 36.39%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Barclays reduced their price target on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. lowered their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Finally, Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $513.25.

Motorola Solutions 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.