Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Berry Wealth Group LP

Berry Wealth Group LP reduced its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,132 shares of the communications equipment provider's stock after selling 730 shares during the period. Motorola Solutions comprises 5.5% of Berry Wealth Group LP's holdings, making the stock its 3rd largest position. Berry Wealth Group LP's holdings in Motorola Solutions were worth $7,063,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MSI. Raymond James Financial Inc. acquired a new position in shares of Motorola Solutions during the 4th quarter worth about $1,528,949,000. Norges Bank purchased a new stake in Motorola Solutions during the 4th quarter worth approximately $1,073,645,000. GAMMA Investing LLC raised its holdings in shares of Motorola Solutions by 43,787.3% during the first quarter. GAMMA Investing LLC now owns 1,084,455 shares of the communications equipment provider's stock valued at $474,785,000 after acquiring an additional 1,081,984 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Motorola Solutions by 330.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider's stock valued at $291,922,000 after acquiring an additional 484,727 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Motorola Solutions by 12.1% in the fourth quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock worth $1,933,360,000 after acquiring an additional 451,172 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Motorola Solutions Trading Up 1.0%

Shares of MSI opened at $410.22 on Tuesday. Motorola Solutions, Inc. has a 12-month low of $380.72 and a 12-month high of $507.82. The firm has a market capitalization of $68.47 billion, a P/E ratio of 34.24, a P/E/G ratio of 3.50 and a beta of 0.96. The firm has a 50-day moving average price of $417.90 and a 200 day moving average price of $436.80. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42.

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

Motorola Solutions Announces Dividend

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 paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Insider Transactions at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the sale, the chief accounting officer now directly owns 804 shares of the company's stock, valued at approximately $336,618.72. The trade was a 57.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.44% of the company's stock.

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.

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