Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 5.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,664 shares of the communications equipment provider's stock after selling 5,476 shares during the period. Handelsbanken Fonder AB owned 0.06% of Motorola Solutions worth $42,758,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Command Advisory Services Inc. purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at about $30,000. Meeder Asset Management Inc. purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at about $32,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at about $34,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 84.17% of the company's stock.

Insider Transactions at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer now owns 804 shares of the company's stock, valued at $336,618.72. This represents a 57.17% decrease in their ownership of the stock. 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.

Analyst Ratings Changes

Several equities analysts recently issued reports on MSI shares. Barclays reduced their price objective on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Morgan Stanley upped their price objective on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Two 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, Motorola Solutions currently has an average rating of "Moderate Buy" and an average target price of $513.25.

Motorola Solutions Trading Up 0.8%

NYSE:MSI traded up $3.32 during trading hours on Thursday, reaching $412.39. 626,234 shares of the company were exchanged, compared to its average volume of 810,052. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13. The firm has a market cap of $68.83 billion, a price-to-earnings ratio of 44.73, a PEG ratio of 3.82 and a beta of 0.96. Motorola Solutions, Inc. has a 52-week low of $370.00 and a 52-week high of $507.82. The stock has a 50 day simple moving average of $418.68 and a 200 day simple moving average of $442.01.

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, topping analysts' consensus estimates of $3.01 by $0.17. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. Motorola Solutions's revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.81 earnings per share. As a group, analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Friday, June 13th. Motorola Solutions's payout ratio is currently 36.39%.

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.