Crossmark Global Holdings Inc. Sells 6,552 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Crossmark Global Holdings Inc. decreased its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 49.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 6,637 shares of the communications equipment provider's stock after selling 6,552 shares during the period. Crossmark Global Holdings Inc.'s holdings in Motorola Solutions were worth $2,906,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Washington Trust Bank raised its stake in Motorola Solutions by 6.4% in the 1st quarter. Washington Trust Bank now owns 860 shares of the communications equipment provider's stock valued at $377,000 after acquiring an additional 52 shares during the period. U.S. Capital Wealth Advisors LLC bought a new stake in Motorola Solutions in the 1st quarter valued at $242,000. Capital Advisors Inc. OK bought a new stake in Motorola Solutions in the 1st quarter valued at $626,000. Heritage Wealth Management Inc. raised its stake in Motorola Solutions by 1.7% in the 1st quarter. Heritage Wealth Management Inc. now owns 1,826 shares of the communications equipment provider's stock valued at $799,000 after acquiring an additional 30 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Motorola Solutions by 1.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 577,808 shares of the communications equipment provider's stock valued at $252,970,000 after buying an additional 6,914 shares in the last quarter. Institutional investors own 84.17% of the company's stock.

Motorola Solutions Price Performance

Shares of MSI traded down $1.23 during trading hours on Friday, hitting $416.50. 718,671 shares of the company were exchanged, compared to its average volume of 824,864. The firm's fifty day moving average is $416.13 and its 200 day moving average is $432.84. The company has a market cap of $69.52 billion, a price-to-earnings ratio of 34.77, a P/E/G ratio of 3.60 and a beta of 0.95. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42. Motorola Solutions, Inc. has a fifty-two week low of $385.17 and a fifty-two week high of $507.82.

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

Motorola Solutions Announces Dividend

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $418.68, for a total value of $449,243.64. Following the completion of the transaction, the chief accounting officer directly owned 804 shares in the company, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.44% of the stock is owned by company insiders.

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.