M&T Bank Corp Cuts Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

M&T Bank Corp lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 11.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,201 shares of the communications equipment provider's stock after selling 2,131 shares during the quarter. M&T Bank Corp's holdings in Motorola Solutions were worth $7,093,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Perennial Investment Advisors LLC raised its position in Motorola Solutions by 14.4% during the 4th quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock valued at $383,000 after purchasing an additional 104 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Motorola Solutions in the 4th quarter worth $208,000. SBI Securities Co. Ltd. purchased a new stake in shares of Motorola Solutions in the 4th quarter worth about $30,000. Proficio Capital Partners LLC increased its position in shares of Motorola Solutions by 22.6% during the fourth quarter. Proficio Capital Partners LLC now owns 683 shares of the communications equipment provider's stock valued at $316,000 after buying an additional 126 shares during the period. Finally, Independent Advisor Alliance bought a new position in Motorola Solutions in the fourth quarter worth about $855,000. Institutional investors own 84.17% of the company's stock.

Motorola Solutions Price Performance

Shares of NYSE:MSI traded down $1.32 on Friday, reaching $416.40. The company's stock had a trading volume of 179,310 shares, compared to its average volume of 822,807. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.03 and a current ratio of 1.20. Motorola Solutions, Inc. has a 52-week low of $385.17 and a 52-week high of $507.82. The company has a 50-day simple moving average of $416.13 and a 200 day simple moving average of $432.84. The company has a market cap of $69.50 billion, a P/E ratio of 34.73, a PEG ratio of 3.60 and a beta of 0.95.

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, topping analysts' consensus estimates of $3.01 by $0.17. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter in the previous year, the business earned $2.81 EPS. The company's quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions's payout ratio is presently 36.39%.

Insiders Place Their Bets

In other news, CAO Katherine A. Maher sold 1,073 shares of the firm's 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 transaction, the chief accounting officer directly owned 804 shares of the company's stock, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.44% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MSI. 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 report on Thursday, April 17th. Wolfe Research initiated coverage on shares of Motorola Solutions in a research note on Monday. They issued a "peer perform" rating for the company. Wall Street Zen cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. William Blair restated an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Finally, Barclays lowered their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $513.25.

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.