Harvest Fund Management Co. Ltd Sells 3,499 Shares of Motorola Solutions, Inc. (NYSE:MSI)

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 trimmed its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 89.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 432 shares of the communications equipment provider's stock after selling 3,499 shares during the period. Harvest Fund Management Co. Ltd's holdings in Motorola Solutions were worth $189,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in shares of Motorola Solutions in the first quarter valued at approximately $3,050,000. Cozad Asset Management Inc. boosted its holdings in Motorola Solutions by 4.3% in the first quarter. Cozad Asset Management Inc. now owns 1,051 shares of the communications equipment provider's stock valued at $460,000 after acquiring an additional 43 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Motorola Solutions by 47.1% in the first quarter. Meeder Asset Management Inc. now owns 103 shares of the communications equipment provider's stock valued at $45,000 after acquiring an additional 33 shares during the last quarter. Meeder Advisory Services Inc. increased its position in Motorola Solutions by 7.6% in the first quarter. Meeder Advisory Services Inc. now owns 4,121 shares of the communications equipment provider's stock worth $1,804,000 after purchasing an additional 290 shares during the period. Finally, Fiera Capital Corp lifted its position in Motorola Solutions by 12.1% during the 1st quarter. Fiera Capital Corp now owns 38,997 shares of the communications equipment provider's stock valued at $17,073,000 after purchasing an additional 4,206 shares during the period. Institutional investors and hedge funds own 84.17% of the company's stock.

Motorola Solutions Stock Performance

Shares of MSI stock traded up $0.51 during trading on Tuesday, reaching $440.48. 604,426 shares of the company's stock were exchanged, compared to its average volume of 894,621. Motorola Solutions, Inc. has a twelve month low of $388.90 and a twelve month high of $507.82. The firm's fifty day moving average price is $419.12 and its 200-day moving average price is $427.99. 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 stock has a market capitalization of $73.52 billion, a PE ratio of 36.77, a PEG ratio of 3.76 and a beta of 0.97.

Motorola Solutions Announces Dividend

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

Insider Transactions at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the company's 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 transaction, the chief accounting officer directly owned 804 shares of the company's stock, valued at $336,618.72. This represents a 57.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.44% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Barclays cut their target price 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. Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Wolfe Research initiated coverage on shares of Motorola Solutions in a report on Monday, July 7th. They set a "peer perform" rating for the company. Finally, UBS Group assumed coverage on shares of Motorola Solutions in a research report on Wednesday, July 16th. They set a "buy" rating and a $490.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $510.67.

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.