Norris Perne & French LLP MI Sells 16,529 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Norris Perne & French LLP MI cut its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 35.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,553 shares of the communications equipment provider's stock after selling 16,529 shares during the period. Norris Perne & French LLP MI's holdings in Motorola Solutions were worth $12,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of MSI. ORG Wealth Partners LLC boosted its stake in Motorola Solutions by 346.2% in the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock worth $25,000 after purchasing an additional 45 shares during the period. First Command Advisory Services Inc. bought a new stake in shares of Motorola Solutions during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Motorola Solutions in the fourth quarter worth $30,000. Meeder Asset Management Inc. bought a new position in shares of Motorola Solutions during the fourth quarter worth $32,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Motorola Solutions during the fourth quarter worth $34,000. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Stock Down 0.5%

Shares of NYSE:MSI opened at $404.41 on Thursday. The company has a market cap of $67.50 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 3.50 and a beta of 0.96. Motorola Solutions, Inc. has a 12 month low of $380.72 and a 12 month high of $507.82. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. The company has a 50-day moving average price of $418.74 and a 200 day moving average price of $439.44.

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

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions's payout ratio is 36.39%.

Analysts Set New Price Targets

MSI has been the topic of a number of research reports. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. JPMorgan Chase & Co. reduced their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wall Street Zen downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Barclays cut their price target on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $513.25.

Insider Buying and Selling at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 804 shares of the company's stock, valued at approximately $336,618.72. The trade was a 57.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.44% of the company's stock.

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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