Motorola Solutions, Inc. (NYSE:MSI) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 56.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,024 shares of the communications equipment provider's stock after buying an additional 4,355 shares during the period. Exchange Traded Concepts LLC's holdings in Motorola Solutions were worth $5,264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MSI. First Command Advisory Services Inc. acquired a new position in Motorola Solutions during the fourth quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new stake in Motorola Solutions during the 4th quarter worth about $30,000. Meeder Asset Management Inc. purchased a new position in shares of Motorola Solutions during the 4th quarter valued at about $32,000. Fourth Dimension Wealth LLC acquired a new position in shares of Motorola Solutions in the 4th quarter valued at about $34,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Motorola Solutions in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Insider Activity

In related news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total value of $449,243.64. Following the completion of the transaction, the chief accounting officer now directly owns 804 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.44% of the company's stock.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock traded down $1.38 on Tuesday, hitting $406.08. 842,826 shares of the company were exchanged, compared to its average volume of 813,615. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42. The company has a 50-day moving average price of $419.20 and a 200 day moving average price of $439.92. The stock has a market capitalization of $67.78 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 3.51 and a beta of 0.96. Motorola Solutions, Inc. has a 1-year low of $379.76 and a 1-year high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share 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 during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the business posted $2.81 earnings per share. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.07%. Motorola Solutions's dividend payout ratio is presently 36.39%.

Analysts Set New Price Targets

MSI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. William Blair restated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Barclays reduced their target price on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $513.25.

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.