Kentucky Retirement Systems Insurance Trust Fund Sells 3,361 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Kentucky Retirement Systems Insurance Trust Fund reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 41.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,793 shares of the communications equipment provider's stock after selling 3,361 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Motorola Solutions were worth $2,098,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MSI. Perennial Investment Advisors LLC raised its stake in Motorola Solutions by 14.4% during 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 during the period. Union Bancaire Privee UBP SA acquired a new position in Motorola Solutions during the 4th quarter worth approximately $24,136,000. Revolve Wealth Partners LLC acquired a new position in Motorola Solutions during the 4th quarter worth approximately $208,000. Bell Bank raised its stake in Motorola Solutions by 14.4% during the 4th quarter. Bell Bank now owns 595 shares of the communications equipment provider's stock worth $275,000 after buying an additional 75 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in Motorola Solutions by 102.5% during the 4th quarter. First Horizon Advisors Inc. now owns 806 shares of the communications equipment provider's stock worth $373,000 after buying an additional 408 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 completion of the transaction, the chief accounting officer now directly owns 804 shares of the company's stock, valued at approximately $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.44% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Motorola Solutions Stock Performance

Shares of MSI traded up $3.97 on Monday, reaching $410.22. 1,268,079 shares of the company's stock traded hands, compared to its average volume of 818,322. 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 stock has a market cap of $68.47 billion, a PE ratio of 34.24, a PEG ratio of 3.50 and a beta of 0.96. The stock's 50 day simple moving average is $417.90 and its two-hundred day simple moving average is $436.80. Motorola Solutions, Inc. has a 52-week low of $380.72 and a 52-week high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued 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. The company had revenue of $2.53 billion during 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%. Motorola Solutions's revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $2.81 earnings per share. On average, analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions's payout ratio is 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.