Dearborn Partners LLC Sells 16,674 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Dearborn Partners LLC lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 20.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,663 shares of the communications equipment provider's stock after selling 16,674 shares during the quarter. Dearborn Partners LLC's holdings in Motorola Solutions were worth $27,872,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MSI. Kingswood Wealth Advisors LLC raised 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 acquiring an additional 29 shares in the last quarter. Bryce Point Capital LLC acquired a new position in shares of Motorola Solutions in the 4th quarter worth $518,000. Oppenheimer & Co. Inc. grew its holdings 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 in the last quarter. Perennial Investment Advisors LLC grew its holdings in shares of Motorola Solutions by 14.4% during the fourth quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock valued at $383,000 after buying an additional 104 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new stake in Motorola Solutions during the first quarter valued at $874,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Insider Transactions at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction dated 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 owned 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. Company insiders own 1.44% of the company's stock.

Motorola Solutions Trading Down 0.4%

Shares of MSI traded down $1.90 during trading hours on Friday, reaching $437.08. The stock had a trading volume of 1,173,440 shares, compared to its average volume of 746,299. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42. Motorola Solutions, Inc. has a 52 week low of $388.90 and a 52 week high of $507.82. The firm has a 50-day moving average of $418.71 and a 200 day moving average of $428.62. The company has a market cap of $72.96 billion, a P/E ratio of 36.48, a P/E/G ratio of 3.78 and a beta of 0.95.

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

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were issued a $1.09 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.0%. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MSI. UBS Group began coverage on Motorola Solutions in a research report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price target for the company. Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays lowered their price objective on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Wolfe Research initiated coverage on Motorola Solutions in a research report on Monday, July 7th. They set a "peer perform" rating on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Motorola Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $510.67.

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.