TIAA Trust National Association Trims Stake in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• TIAA Trust National Association significantly reduced its stake in Motorola Solutions, Inc. by 87.1%, selling 31,351 shares and ending the quarter with 4,646 shares valued at $2,034,000.
• Motorola Solutions reported $3.18 EPS for the latest quarter, surpassing the expected $3.01, and showed a 5.8% year-over-year revenue increase with revenue reaching $2.53 billion.
• The company recently declared a quarterly dividend of $1.09 per share, resulting in an annualized dividend yield of 1.0%, with a payout ratio of 36.39%.

TIAA Trust National Association cut its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 87.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,646 shares of the communications equipment provider's stock after selling 31,351 shares during the period. TIAA Trust National Association's holdings in Motorola Solutions were worth $2,034,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MSI. Perennial Investment Advisors LLC lifted its holdings in Motorola Solutions by 14.4% in the fourth quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock valued at $383,000 after acquiring an additional 104 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in Motorola Solutions in the fourth quarter valued at approximately $208,000. Envestnet Asset Management Inc. lifted its stake in Motorola Solutions by 54.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 570,894 shares of the communications equipment provider's stock worth $263,885,000 after purchasing an additional 201,920 shares in the last quarter. Wedbush Securities Inc. lifted its stake in Motorola Solutions by 25.2% during the fourth quarter. Wedbush Securities Inc. now owns 1,033 shares of the communications equipment provider's stock worth $477,000 after purchasing an additional 208 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in Motorola Solutions by 1.5% during the fourth quarter. Federated Hermes Inc. now owns 136,702 shares of the communications equipment provider's stock worth $63,188,000 after purchasing an additional 2,039 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total transaction of $449,243.64. Following the completion of the sale, the chief accounting officer directly owned 804 shares in the company, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.44% of the company's stock.

Motorola Solutions Stock Performance

Shares of NYSE MSI traded down $5.20 during midday trading on Tuesday, reaching $434.77. 1,205,851 shares of the company were exchanged, compared to its average volume of 826,799. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. Motorola Solutions, Inc. has a 1 year low of $388.90 and a 1 year high of $507.82. The stock has a fifty day simple moving average of $419.12 and a 200 day simple moving average of $427.99. The stock has a market cap of $72.57 billion, a P/E ratio of 36.29, a PEG ratio of 3.79 and a beta of 0.97.

Motorola Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

MSI has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Barclays reduced their price objective 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. Wolfe Research began coverage on Motorola Solutions in a research note on Monday, July 7th. They issued a "peer perform" rating on the stock. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, UBS Group began coverage on Motorola Solutions in a research note on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price target on the stock. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Motorola Solutions 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.