Gilliland Jeter Wealth Management LLC Cuts Position in Motorola Solutions, Inc. (NYSE:MSI)

Gilliland Jeter Wealth Management LLC lessened its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 9.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,209 shares of the communications equipment provider's stock after selling 783 shares during the quarter. Motorola Solutions accounts for approximately 1.1% of Gilliland Jeter Wealth Management LLC's holdings, making the stock its 20th biggest position. Gilliland Jeter Wealth Management LLC's holdings in Motorola Solutions were worth $3,156,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Kingswood Wealth Advisors LLC boosted its stake in Motorola Solutions by 3.2% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 935 shares of the communications equipment provider's stock valued at $409,000 after purchasing an additional 29 shares during the last quarter. Bryce Point Capital LLC bought a new position in shares of Motorola Solutions during the fourth quarter valued at $518,000. Oppenheimer & Co. Inc. boosted its position in shares of 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 increased its holdings in Motorola Solutions by 14.4% in the 4th quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock worth $383,000 after buying an additional 104 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new stake in Motorola Solutions in the 1st quarter worth about $874,000. Hedge funds and other institutional investors own 84.17% of the company's stock.

Insider Activity at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer directly owned 804 shares of the company's stock, 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 legal filing with the SEC, which is accessible through this link. Company insiders own 1.44% of the company's stock.

Analyst Upgrades and Downgrades

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

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock traded up $1.36 on Monday, hitting $426.20. 610,056 shares of the company's stock were exchanged, compared to its average volume of 823,934. Motorola Solutions, Inc. has a 1 year low of $385.17 and a 1 year high of $507.82. The company has a 50-day simple moving average of $417.48 and a 200-day simple moving average of $433.72. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.03 and a current ratio of 1.20. The stock has a market capitalization of $71.14 billion, a PE ratio of 35.58, a PEG ratio of 3.66 and a beta of 0.95.

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

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, June 13th. Motorola Solutions's payout ratio is currently 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.