OVERSEA CHINESE BANKING Corp Ltd Lowers Position in Motorola Solutions, Inc. (NYSE:MSI)

OVERSEA CHINESE BANKING Corp Ltd decreased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 40.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 894 shares of the communications equipment provider's stock after selling 603 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Motorola Solutions were worth $391,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. ORG Wealth Partners LLC boosted its position in shares of Motorola Solutions by 346.2% during the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock valued at $25,000 after acquiring an additional 45 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of Motorola Solutions in the fourth quarter worth approximately $34,000. Community Bank N.A. purchased a new stake in Motorola Solutions in the first quarter valued at approximately $32,000. Fort Vancouver Investment Management LLC purchased a new stake in Motorola Solutions in the first quarter valued at approximately $37,000. Finally, Alpine Bank Wealth Management bought a new stake in Motorola Solutions during the first quarter valued at approximately $40,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MSI has been the topic of a number of research analyst reports. UBS Group initiated coverage on shares of Motorola Solutions in a report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price target on the stock. Barclays cut their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Wall Street Zen downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Finally, Wolfe Research initiated coverage on Motorola Solutions in a research report on Monday, July 7th. They set a "peer perform" rating on the stock. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $510.67.

Insider Activity

In related news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the transaction, the chief accounting officer directly owned 804 shares of the company's stock, valued at $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.44% of the company's stock.

Motorola Solutions Stock Down 0.4%

Shares of NYSE:MSI opened at $437.08 on Monday. The stock has a market capitalization of $72.96 billion, a P/E ratio of 36.48, a price-to-earnings-growth ratio of 3.76 and a beta of 0.97. The stock's 50-day moving average price is $418.71 and its 200-day moving average price is $428.17. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. Motorola Solutions, Inc. has a 12-month low of $388.90 and a 12-month high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.17. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.52 billion. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. Motorola Solutions'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 EPS. On average, equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were issued a $1.09 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.0%. Motorola Solutions's dividend payout ratio (DPR) is currently 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.

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