Greenleaf Trust Sells 646 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Greenleaf Trust decreased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 5,111 shares of the communications equipment provider's stock after selling 646 shares during the quarter. Greenleaf Trust's holdings in Motorola Solutions were worth $2,238,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. ORG Wealth Partners LLC boosted its position in Motorola Solutions by 346.2% in the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock valued at $25,000 after buying an additional 45 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Motorola Solutions during the fourth quarter worth approximately $30,000. Meeder Asset Management Inc. acquired a new position in shares of Motorola Solutions during the fourth quarter worth approximately $32,000. Community Bank N.A. acquired a new position in shares of Motorola Solutions during the first quarter worth approximately $32,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Motorola Solutions during the fourth quarter worth approximately $34,000. Institutional investors own 84.17% of the company's stock.

Motorola Solutions Stock Performance

Motorola Solutions stock traded down $1.23 during midday trading on Friday, hitting $416.50. The company's stock had a trading volume of 720,333 shares, compared to its average volume of 825,744. Motorola Solutions, Inc. has a 1-year low of $385.17 and a 1-year high of $507.82. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03. The company has a 50-day moving average price of $416.32 and a two-hundred day moving average price of $432.45. The company has a market cap of $69.52 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 3.60 and a beta of 0.95.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, topping analysts' consensus estimates of $3.01 by $0.17. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the firm posted $2.81 EPS. The company'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 year.

Motorola Solutions Dividend Announcement

The business 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. The ex-dividend date is Friday, June 13th. This represents a $4.36 annualized dividend and a yield of 1.05%. Motorola Solutions's payout ratio is currently 36.39%.

Insiders Place Their Bets

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction dated Thursday, May 29th. The shares were 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 $336,618.72. This trade 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 available through this link. Insiders own 1.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MSI. JPMorgan Chase & Co. cut their price objective on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wolfe Research began coverage on shares of Motorola Solutions in a research note on Monday. They issued a "peer perform" rating for the company. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Barclays lowered 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, Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on 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.