Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Harvest Fund Management Co. Ltd

Key Points

• Harvest Fund Management Co. Ltd has reduced its holdings in Motorola Solutions, Inc. by 89.0%, now owning only 432 shares valued at approximately $189,000.
• Motorola Solutions reported a quarterly earnings per share (EPS) of $3.18, exceeding estimates and showing a year-over-year revenue increase of 5.8%.
• The company's recent dividend payout was $1.09 per share, resulting in an annualized yield of 1.0%.

Harvest Fund Management Co. Ltd lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 89.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 432 shares of the communications equipment provider's stock after selling 3,499 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Motorola Solutions were worth $189,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC grew its stake in Motorola Solutions by 346.2% during the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock valued at $25,000 after purchasing an additional 45 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Motorola Solutions during the 4th quarter valued at approximately $32,000. Fourth Dimension Wealth LLC acquired a new stake in Motorola Solutions during the 4th quarter valued at approximately $34,000. Community Bank N.A. acquired a new stake in Motorola Solutions during the 1st quarter valued at approximately $32,000. Finally, Fort Vancouver Investment Management LLC acquired a new stake in Motorola Solutions during the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Motorola Solutions Trading Up 0.7%

Shares of NYSE MSI opened at $439.18 on Friday. The company has a market cap of $73.31 billion, a price-to-earnings ratio of 36.66, a price-to-earnings-growth ratio of 3.75 and a beta of 0.95. Motorola Solutions, Inc. has a 12-month low of $388.90 and a 12-month high of $507.82. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. The stock's 50 day simple moving average is $418.35 and its 200 day simple moving average is $428.78.

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

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were paid a dividend of $1.09 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.36 annualized dividend and a yield of 1.0%. Motorola Solutions's payout ratio is presently 36.39%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MSI shares. William Blair restated an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Wall Street Zen downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Barclays reduced their target price on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Wolfe Research assumed coverage on Motorola Solutions in a report on Monday, July 7th. They set a "peer perform" rating on the stock. Finally, JPMorgan Chase & Co. reduced their target price 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 investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $510.67.

Insiders Place Their Bets

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

Motorola Solutions Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.