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

Key Points

• OVERSEA CHINESE BANKING Corp Ltd reduced its stake in Motorola Solutions, Inc. by 40.3%, owning 894 shares worth approximately $391,000 following a sale of 603 shares.
• Motorola Solutions recently announced a quarterly dividend of $1.09 per share, reflecting an annualized dividend of $4.36, with a dividend yield of 1.0%.
• Analysts have varied ratings on Motorola Solutions, with a consensus rating of "Moderate Buy" and a price target averaging $510.67.

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

Several other hedge funds have also added to or reduced their stakes in the business. FMR LLC increased its position in Motorola Solutions by 12.4% during the 4th quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider's stock valued at $1,400,980,000 after purchasing an additional 334,639 shares during the period. Northern Trust Corp lifted its holdings in Motorola Solutions by 15.9% in the fourth quarter. Northern Trust Corp now owns 1,868,559 shares of the communications equipment provider's stock valued at $863,704,000 after buying an additional 256,707 shares during the period. Nuveen Asset Management LLC boosted its position in Motorola Solutions by 15.7% during the fourth quarter. Nuveen Asset Management LLC now owns 1,554,252 shares of the communications equipment provider's stock valued at $718,422,000 after acquiring an additional 210,662 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Motorola Solutions by 7.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,432,475 shares of the communications equipment provider's stock worth $662,133,000 after acquiring an additional 101,411 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Motorola Solutions by 43,787.3% during the 1st quarter. GAMMA Investing LLC now owns 1,084,455 shares of the communications equipment provider's stock valued at $474,785,000 after purchasing an additional 1,081,984 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

Shares of NYSE MSI traded up $4.40 during trading on Thursday, reaching $446.52. 1,113,806 shares of the stock traded hands, compared to its average volume of 896,280. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03. The stock has a market capitalization of $74.53 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 3.73 and a beta of 0.97. Motorola Solutions, Inc. has a 52-week low of $388.90 and a 52-week high of $507.82. The company has a 50-day moving average of $419.86 and a 200-day moving average of $428.14.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, June 13th. Motorola Solutions's payout ratio is currently 36.39%.

Analysts Set New Price Targets

Several equities analysts have issued reports on MSI shares. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Wall Street Zen cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. cut their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Barclays lowered their target price on 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, UBS Group started coverage on shares of Motorola Solutions in a research report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price target for the company. 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, the stock has an average rating of "Moderate Buy" and an average target price of $510.67.

Insiders Place Their Bets

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

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.