Freemont Management S.A. Trims Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Freemont Management S.A. has reduced its stake in Motorola Solutions by 8.6%, now holding 12,800 shares worth approximately $5.6 million, making it the firm's 13th largest holding.
• Motorola Solutions announced a quarterly dividend of $1.09 per share, resulting in an annualized dividend yield of 1.03%.
• Analysts have set a consensus target price of $510.67 for Motorola Solutions, with the majority rating it as a "Moderate Buy."

Freemont Management S.A. lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 8.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 12,800 shares of the communications equipment provider's stock after selling 1,200 shares during the period. Motorola Solutions accounts for about 1.8% of Freemont Management S.A.'s investment portfolio, making the stock its 13th biggest holding. Freemont Management S.A.'s holdings in Motorola Solutions were worth $5,604,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Kingswood Wealth Advisors LLC boosted its stake in shares of Motorola Solutions by 3.2% in the first quarter. Kingswood Wealth Advisors LLC now owns 935 shares of the communications equipment provider's stock worth $409,000 after acquiring an additional 29 shares during the period. Bryce Point Capital LLC bought a new position in Motorola Solutions during the fourth quarter valued at approximately $518,000. Oppenheimer & Co. Inc. boosted its stake in Motorola Solutions by 228.9% during the first quarter. Oppenheimer & Co. Inc. now owns 8,367 shares of the communications equipment provider's stock valued at $3,663,000 after buying an additional 5,823 shares during the last quarter. Perennial Investment Advisors LLC boosted its stake in Motorola Solutions by 14.4% during the fourth quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock valued at $383,000 after buying an additional 104 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new position in Motorola Solutions during the first quarter valued at approximately $874,000. Institutional investors own 84.17% of the company's stock.

Insider Transactions at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction on Thursday, May 29th. The stock was 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 trade represents a 57.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.44% of the company's stock.

Analysts Set New Price Targets

MSI has been the subject of a number of research reports. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Wolfe Research initiated coverage on Motorola Solutions in a research note on Monday, July 7th. They set a "peer perform" rating for the company. JPMorgan Chase & Co. dropped their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, UBS Group assumed coverage on Motorola Solutions in a research report on Wednesday, July 16th. They set a "buy" rating and a $490.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $510.67.

Motorola Solutions Trading Up 1.0%

Shares of NYSE MSI traded up $4.51 during midday trading on Tuesday, hitting $434.48. The company's stock had a trading volume of 161,785 shares, compared to its average volume of 883,589. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. The business's 50 day moving average is $417.60 and its two-hundred day moving average is $428.82. Motorola Solutions, Inc. has a 12-month low of $388.90 and a 12-month high of $507.82. The firm has a market cap of $72.52 billion, a P/E ratio of 36.27, a price-to-earnings-growth ratio of 3.68 and a beta of 0.95.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) 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 company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter in the prior year, the firm earned $2.81 earnings per share. Motorola Solutions's revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were given a dividend of $1.09 per share. The ex-dividend date was Friday, June 13th. This represents a $4.36 annualized dividend and a yield of 1.00%. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

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.