Chevy Chase Trust Holdings LLC Sells 3,136 Shares of Motorola Solutions, Inc. $MSI

Key Points

• CEO Cynthia Yazdi sold 7,000 shares at an average price of $471.01 (a 42.35% reduction in her holding), and insiders have sold 129,069 shares worth about $60.78 million over the last 90 days.
• Motorola beat expectations for the quarter with $4.59 EPS vs. $4.35 expected and revenue of $3.38 billion (up 12.3% YoY), and several analysts raised targets or upgraded the stock to leave a consensus "Buy" and an average target around $497.
• Declared a quarterly dividend of $1.21 (annualized $4.84) yielding roughly 1.0% with an ex-dividend date of March 20 and a payout ratio near 38%.

Chevy Chase Trust Holdings LLC trimmed its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,841 shares of the communications equipment provider's stock after selling 3,136 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Motorola Solutions worth $39,254,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in Motorola Solutions in the 3rd quarter worth $25,000. United Community Bank raised its stake in shares of Motorola Solutions by 81.3% during the third quarter. United Community Bank now owns 58 shares of the communications equipment provider's stock valued at $27,000 after acquiring an additional 26 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in shares of Motorola Solutions during the third quarter valued at about $33,000. Field & Main Bank purchased a new stake in shares of Motorola Solutions during the third quarter worth about $35,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Motorola Solutions during the third quarter worth about $38,000. 84.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Cynthia Yazdi sold 7,000 shares of the business's stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the sale, the chief executive officer owned 9,529 shares in the company, valued at approximately $4,488,254.29. The trade was a 42.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth D. Denman sold 434 shares of the company's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $470.12, for a total transaction of $204,032.08. Following the completion of the sale, the director directly owned 7,153 shares in the company, valued at $3,362,768.36. This represents a 5.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 129,069 shares of company stock worth $60,779,964. 1.44% of the stock is owned by corporate insiders.

Motorola Solutions Stock Performance

Shares of MSI opened at $473.41 on Monday. The company has a 50-day simple moving average of $429.21 and a two-hundred day simple moving average of $422.77. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. The firm has a market capitalization of $78.43 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 3.31 and a beta of 0.96. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, topping analysts' consensus estimates of $4.35 by $0.24. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The business's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.04 EPS. On average, analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 20th will be paid a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 20th. Motorola Solutions's dividend payout ratio is presently 37.93%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MSI shares. Barclays boosted their price target on Motorola Solutions from $495.00 to $506.00 and gave the company an "overweight" rating in a report on Thursday, February 12th. Piper Sandler reiterated an "overweight" rating and issued a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. Weiss Ratings raised Motorola Solutions from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 2nd. Argus upgraded Motorola Solutions to a "strong-buy" rating in a report on Friday, February 13th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $470.00 price target on shares of Motorola Solutions in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $497.14.

Motorola Solutions Company Profile

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.

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