M&T Bank Corp Has $7.09 Million Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

M&T Bank Corp decreased its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 11.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,201 shares of the communications equipment provider's stock after selling 2,131 shares during the period. 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 also recently made changes to their positions in the company. ORG Wealth Partners LLC grew its holdings in shares of Motorola Solutions by 346.2% in the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock valued at $25,000 after buying an additional 45 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Motorola Solutions in the 4th quarter valued at $30,000. Meeder Asset Management Inc. acquired a new position in shares of Motorola Solutions in the 4th quarter valued at $32,000. Community Bank N.A. acquired a new position in shares of Motorola Solutions in the 1st quarter valued at $32,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Motorola Solutions in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Insider Buying and Selling

In related news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.44% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wolfe Research assumed coverage on shares of Motorola Solutions in a report on Monday, July 7th. They issued a "peer perform" rating for the company. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. JPMorgan Chase & Co. cut their price objective on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Barclays cut their price objective on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Finally, Wall Street Zen cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Motorola Solutions presently has an average rating of "Moderate Buy" and an average price target of $513.25.

Motorola Solutions Stock Down 0.3%

NYSE:MSI traded down $1.23 on Friday, hitting $416.50. 720,333 shares of the company's stock were exchanged, compared to its average volume of 827,122. The firm has a 50-day moving average price of $416.32 and a 200-day moving average price of $432.17. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03. Motorola Solutions, Inc. has a 52 week low of $385.17 and a 52 week high of $507.82. The company has a market cap of $69.52 billion, a P/E ratio of 34.77, a price-to-earnings-growth ratio of 3.58 and a beta of 0.95.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly 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 firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same period in the prior year, the firm posted $2.81 earnings per share. The business's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, analysts expect 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. Investors of record on Friday, June 13th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 annualized dividend and a yield of 1.05%. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

About Motorola Solutions

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.