Motorola Solutions, Inc. (NYSE:MSI) Stock Position Lifted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 412,058 shares of the communications equipment provider's stock after purchasing an additional 1,218 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.25% of Motorola Solutions worth $180,403,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Prestige Wealth Management Group LLC grew its stake in shares of Motorola Solutions by 11.9% in the fourth quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider's stock worth $109,000 after purchasing an additional 25 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in Motorola Solutions by 22.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider's stock valued at $63,000 after buying an additional 25 shares in the last quarter. Clark Capital Management Group Inc. boosted its stake in Motorola Solutions by 4.3% during the fourth quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider's stock valued at $294,000 after buying an additional 26 shares in the last quarter. Wesbanco Bank Inc. boosted its stake in Motorola Solutions by 2.0% during the first quarter. Wesbanco Bank Inc. now owns 1,315 shares of the communications equipment provider's stock valued at $576,000 after buying an additional 26 shares in the last quarter. Finally, Cozad Asset Management Inc. boosted its stake in Motorola Solutions by 2.8% during the fourth quarter. Cozad Asset Management Inc. now owns 1,008 shares of the communications equipment provider's stock valued at $466,000 after buying an additional 27 shares in the last quarter. Institutional investors own 84.17% of the company's stock.

Insiders Place Their Bets

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was 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 now directly owns 804 shares in the company, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.44% of the company's stock.

Motorola Solutions Trading Up 0.7%

Shares of NYSE MSI opened at $418.12 on Friday. Motorola Solutions, Inc. has a 12 month low of $384.51 and a 12 month high of $507.82. The company has a market cap of $69.79 billion, a price-to-earnings ratio of 34.90, a P/E/G ratio of 3.60 and a beta of 0.96. 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 business has a fifty day simple moving average of $417.48 and a 200-day simple moving average of $435.42.

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

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be given a dividend of $1.09 per share. The ex-dividend date is Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a yield of 1.04%. Motorola Solutions's payout ratio is presently 36.39%.

Wall Street Analyst Weigh In

MSI has been the subject of several research reports. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Barclays decreased their target price on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. JPMorgan Chase & Co. decreased their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Motorola Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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