National Bank of Canada FI Has $103.03 Million Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• National Bank of Canada FI reduced its stake in Motorola Solutions, Inc. by 4.3%, owning 235,326 shares valued at approximately $103 million after selling 10,547 shares in the first quarter.
• Motorola Solutions reported earnings of $3.57 per share for the most recent quarter, surpassing analysts’ expectations and showing revenue growth of 5.2% year-over-year.
• The company also announced a quarterly dividend of $1.09 per share, resulting in an annualized yield of 1.0% and a payout ratio of 36.39%.

National Bank of Canada FI lessened its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 235,326 shares of the communications equipment provider's stock after selling 10,547 shares during the quarter. National Bank of Canada FI owned about 0.14% of Motorola Solutions worth $103,027,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC raised its position in shares of Motorola Solutions by 3.2% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 935 shares of the communications equipment provider's stock valued at $409,000 after purchasing an additional 29 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Motorola Solutions by 228.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 8,367 shares of the communications equipment provider's stock valued at $3,663,000 after purchasing an additional 5,823 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of Motorola Solutions in the 1st quarter valued at approximately $874,000. Farther Finance Advisors LLC raised its position in shares of Motorola Solutions by 35.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,344 shares of the communications equipment provider's stock valued at $586,000 after purchasing an additional 349 shares in the last quarter. Finally, Breed s Hill Capital LLC acquired a new position in shares of Motorola Solutions in the 4th quarter valued at approximately $327,000. Hedge funds and other institutional investors own 84.17% of the company's stock.

Motorola Solutions Stock Performance

Shares of MSI stock traded up $8.34 during trading on Monday, reaching $461.75. The company had a trading volume of 1,538,833 shares, compared to its average volume of 907,743. The firm's 50 day simple moving average is $421.20 and its two-hundred day simple moving average is $427.27. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.73 and a quick ratio of 1.54. Motorola Solutions, Inc. has a one year low of $388.90 and a one year high of $507.82. The company has a market capitalization of $76.93 billion, a PE ratio of 37.18, a PEG ratio of 3.86 and a beta of 0.97.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its earnings results on Thursday, August 7th. The communications equipment provider reported $3.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.36 by $0.21. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.74 billion. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%. The company's revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.24 EPS. Sell-side analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) is presently 35.10%.

Analysts Set New Price Targets

Several research firms recently issued reports on MSI. JPMorgan Chase & Co. dropped their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. UBS Group reissued a "buy" rating and set a $510.00 price target (up from $490.00) on shares of Motorola Solutions in a research report on Friday. Wolfe Research initiated coverage on Motorola Solutions in a research report on Monday, July 7th. They issued a "peer perform" rating on the stock. Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Barclays dropped their target price on Motorola Solutions from $511.00 to $509.00 and set an "overweight" rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Motorola Solutions currently has an average rating of "Moderate Buy" and an average price target of $512.67.

Insider Buying and Selling at Motorola Solutions

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 stock was sold at an average price of $418.68, for a total transaction 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.44% of the company's stock.

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.