Motorola Solutions, Inc. (NYSE:MSI) Position Cut by MGO One Seven LLC

Key Points

• MGO One Seven LLC has reduced its holdings in Motorola Solutions by 12.1%, now owning 5,118 shares worth $2,241,000.
• Motorola Solutions reported $3.18 earnings per share for the last quarter, exceeding analyst expectations of $3.01 and achieving a 5.8% revenue increase from the previous year.
• The company also announced a quarterly dividend of $1.09, equating to an annualized yield of 1.0% and a payout ratio of 36.39%.

MGO One Seven LLC reduced its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 12.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,118 shares of the communications equipment provider's stock after selling 702 shares during the period. MGO One Seven LLC's holdings in Motorola Solutions were worth $2,241,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC increased its position in Motorola Solutions by 346.2% during the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock worth $25,000 after buying an additional 45 shares in the last quarter. Community Bank N.A. acquired a new stake in shares of Motorola Solutions during the first quarter worth $32,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Motorola Solutions during the fourth quarter worth $34,000. Fort Vancouver Investment Management LLC acquired a new stake in shares of Motorola Solutions during the first quarter worth $37,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Motorola Solutions during the first quarter worth $40,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Barclays decreased their price objective 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 initiated coverage on Motorola Solutions in a report on Monday, July 7th. They issued a "peer perform" rating on the stock. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. 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. Finally, Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Three 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 a consensus price target of $510.67.

Motorola Solutions Stock Up 0.8%

Shares of NYSE MSI traded up $3.39 during midday trading on Monday, reaching $440.10. 1,043,423 shares of the company's stock were exchanged, compared to its average volume of 805,121. Motorola Solutions, Inc. has a 52-week low of $388.90 and a 52-week high of $507.82. The stock has a market capitalization of $73.46 billion, a PE ratio of 36.74, a price-to-earnings-growth ratio of 3.76 and a beta of 0.97. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.03 and a current ratio of 1.20. The business's fifty day moving average price is $418.71 and its two-hundred day moving average price is $428.17.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.17. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. Motorola Solutions's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.81 earnings per share. Analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were issued 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 dividend yield of 1.0%. Motorola Solutions's dividend payout ratio is 36.39%.

Insider Activity at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer owned 804 shares of the company's stock, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their position. The sale 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 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.