Blair William & Co. IL Sells 11,448 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Blair William & Co. IL has reduced its stake in Motorola Solutions by 5.6%, now holding 192,030 shares valued at approximately $84 million.
• Motorola Solutions reported earnings of $3.18 per share for its latest quarter, exceeding estimates, and showing a 5.8% year-over-year revenue increase to $2.53 billion.
• The company declared a quarterly dividend of $1.09, translating to an annualized rate of $4.36 with a dividend yield of 1.0%.

Blair William & Co. IL reduced its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,030 shares of the communications equipment provider's stock after selling 11,448 shares during the period. Blair William & Co. IL owned about 0.12% of Motorola Solutions worth $84,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of MSI. GAMMA Investing LLC lifted its stake in Motorola Solutions by 43,787.3% in the first quarter. GAMMA Investing LLC now owns 1,084,455 shares of the communications equipment provider's stock worth $474,785,000 after acquiring an additional 1,081,984 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Motorola Solutions by 209.3% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 559,306 shares of the communications equipment provider's stock worth $258,528,000 after purchasing an additional 378,462 shares in the last quarter. FMR LLC increased its stake in Motorola Solutions by 12.4% in the 4th quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider's stock valued at $1,400,980,000 after buying an additional 334,639 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Motorola Solutions by 541.2% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 331,910 shares of the communications equipment provider's stock valued at $145,312,000 after buying an additional 280,145 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Motorola Solutions by 66.7% in the 4th quarter. Janus Henderson Group PLC now owns 698,816 shares of the communications equipment provider's stock worth $323,020,000 after buying an additional 279,655 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Motorola Solutions

In related 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 value of $449,243.64. Following the completion of the transaction, the chief accounting officer owned 804 shares in the company, valued at $336,618.72. This trade represents a 57.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.44% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wolfe Research assumed coverage on shares of Motorola Solutions in a research report on Monday, July 7th. They issued a "peer perform" rating on the stock. Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. cut their target price 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. Barclays cut 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 note on Monday, May 5th. Finally, UBS Group started coverage on shares of Motorola Solutions in a research note on Wednesday, July 16th. They set a "buy" rating and a $490.00 price objective for the company. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $510.67.

Motorola Solutions Stock Performance

NYSE MSI traded up $0.39 during trading hours on Thursday, hitting $442.51. The company had a trading volume of 332,313 shares, compared to its average volume of 893,211. Motorola Solutions, Inc. has a fifty-two week low of $388.90 and a fifty-two week high of $507.82. 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 business has a fifty day simple moving average of $419.86 and a 200-day simple moving average of $428.14. The firm has a market cap of $73.86 billion, a P/E ratio of 36.90, a price-to-earnings-growth ratio of 3.73 and a beta of 0.97.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were given a $1.09 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.0%. Motorola Solutions's dividend payout ratio (DPR) 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.