Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 134,209 shares of the communications equipment provider's stock after selling 6,999 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Motorola Solutions worth $58,758,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. ORG Wealth Partners LLC increased its stake 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 acquiring an additional 45 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Motorola Solutions during the 4th quarter worth about $30,000. Meeder Asset Management Inc. purchased a new stake in shares of Motorola Solutions during the 4th quarter worth about $32,000. Community Bank N.A. acquired a new stake in Motorola Solutions during the 1st quarter worth approximately $32,000. Finally, Fourth Dimension Wealth LLC purchased a new position in Motorola Solutions in the fourth quarter valued at approximately $34,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Stock Up 0.5%

MSI traded up $2.26 during trading hours on Thursday, reaching $424.53. 494,426 shares of the stock traded hands, compared to its average volume of 822,749. Motorola Solutions, Inc. has a fifty-two week low of $384.51 and a fifty-two week high of $507.82. The company has a market cap of $70.86 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 3.66 and a beta of 0.95. 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 firm's fifty day simple moving average is $417.66 and its two-hundred day simple moving average is $434.68.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its earnings results 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 company had revenue of $2.53 billion during 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 company's revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $2.81 earnings per share. As a group, analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a yield of 1.03%. Motorola Solutions's dividend payout ratio is currently 36.39%.

Analysts Set New Price Targets

MSI has been the subject of several research reports. Barclays decreased their price objective 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. Wall Street Zen lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. lowered their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $513.25.

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.