Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC trimmed its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 9.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,209 shares of the communications equipment provider's stock after selling 783 shares during the quarter. Motorola Solutions comprises 1.1% of Gilliland Jeter Wealth Management LLC's holdings, making the stock its 20th largest position. Gilliland Jeter Wealth Management LLC's holdings in Motorola Solutions were worth $3,156,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MSI. Perennial Investment Advisors LLC raised its position 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 acquiring an additional 104 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in Motorola Solutions in the fourth quarter valued at approximately $208,000. SBI Securities Co. Ltd. acquired a new stake in Motorola Solutions in the fourth quarter valued at approximately $30,000. Proficio Capital Partners LLC grew its holdings in Motorola Solutions by 22.6% in the fourth quarter. Proficio Capital Partners LLC now owns 683 shares of the communications equipment provider's stock valued at $316,000 after purchasing an additional 126 shares during the period. Finally, Cullen Frost Bankers Inc. grew its holdings in Motorola Solutions by 110.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 522 shares of the communications equipment provider's stock valued at $241,000 after purchasing an additional 274 shares during the period. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Katherine A. Maher sold 1,073 shares of the business's 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 completion of the transaction, the chief accounting officer directly owned 804 shares of the company's stock, valued at $336,618.72. The trade was a 57.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.44% of the stock is owned by insiders.

Analysts Set New Price Targets

MSI has been the topic of several research analyst reports. Wolfe Research initiated coverage on Motorola Solutions in a report on Monday. They issued a "peer perform" rating on the stock. JPMorgan Chase & Co. dropped 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. Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Finally, Barclays lowered their price target on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $513.25.

Motorola Solutions Trading Down 0.2%

Motorola Solutions stock traded down $0.95 during trading on Wednesday, reaching $416.41. 298,715 shares of the company were exchanged, compared to its average volume of 822,696. Motorola Solutions, Inc. has a 52-week low of $385.17 and a 52-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 has a market capitalization of $69.51 billion, a P/E ratio of 34.74, a PEG ratio of 3.67 and a beta of 0.95. The stock's 50 day simple moving average is $417.01 and its two-hundred day simple moving average is $433.30.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.17. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.81 EPS. On average, equities research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share 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 paid 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 yield of 1.05%. Motorola Solutions's payout ratio is 36.39%.

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.