Cumberland Partners Ltd Sells 1,605 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Cumberland Partners Ltd reduced its stake in Motorola Solutions by 8.3%, now holding 17,630 shares worth approximately $7.7 million.
• Motorola Solutions reported a quarterly earnings per share of $3.18, exceeding analysts' estimates of $3.01, along with a revenue increase of 5.8% year-over-year.
• Recent analyst ratings on Motorola Solutions include JPMorgan lowering its target price to $515 and UBS initiating coverage with a buy rating at $490.

Cumberland Partners Ltd decreased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 8.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,630 shares of the communications equipment provider's stock after selling 1,605 shares during the period. Cumberland Partners Ltd's holdings in Motorola Solutions were worth $7,719,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Deseret Mutual Benefit Administrators lifted its position in Motorola Solutions by 5.4% in the first quarter. Deseret Mutual Benefit Administrators now owns 471 shares of the communications equipment provider's stock worth $206,000 after purchasing an additional 24 shares during the period. Clark Capital Management Group Inc. raised its stake in shares of Motorola Solutions by 4.3% in the 4th 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. Wesbanco Bank Inc. lifted its holdings in shares of Motorola Solutions by 2.0% in the first quarter. Wesbanco Bank Inc. now owns 1,315 shares of the communications equipment provider's stock valued at $576,000 after buying an additional 26 shares during the period. D.A. Davidson & CO. boosted its stake in Motorola Solutions by 2.7% during the first quarter. D.A. Davidson & CO. now owns 1,079 shares of the communications equipment provider's stock valued at $473,000 after buying an additional 28 shares in the last quarter. Finally, Range Financial Group LLC boosted its stake in Motorola Solutions by 2.0% during the first quarter. Range Financial Group LLC now owns 1,479 shares of the communications equipment provider's stock valued at $648,000 after buying an additional 29 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 804 shares in the company, valued at $336,618.72. The trade was a 57.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MSI. Wall Street Zen lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. UBS Group started coverage on Motorola Solutions in a research note on Wednesday, July 16th. They set a "buy" rating and a $490.00 price objective for the company. Wolfe Research assumed coverage on Motorola Solutions in a report on Monday, July 7th. They issued a "peer perform" rating on the stock. 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 target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Motorola Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $510.67.

Motorola Solutions Trading Up 1.9%

Shares of NYSE MSI traded up $8.35 during midday trading on Wednesday, hitting $442.40. The stock had a trading volume of 479,438 shares, compared to its average volume of 895,467. The firm has a market cap of $73.85 billion, a P/E ratio of 36.93, a price-to-earnings-growth ratio of 3.79 and a beta of 0.97. Motorola Solutions, Inc. has a fifty-two week low of $388.90 and a fifty-two week high of $507.82. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03. The company's 50-day simple moving average is $419.42 and its 200 day simple moving average is $428.04.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, June 13th. Motorola Solutions's payout ratio is currently 36.39%.

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.