PNC Financial Services Group Inc. Lowers Position in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• PNC Financial Services Group Inc. reduced its holdings in Motorola Solutions by 3.2%, now owning 407,485 shares valued at approximately $178.4 million.
• Wall Street analysts have mixed ratings for Motorola Solutions, with the stock having a consensus rating of "Moderate Buy" and a target price averaging $510.67 after several recent price adjustments.
• Motorola Solutions reported earnings of $3.18 per share, exceeding estimates, and saw a 5.8% year-over-year revenue growth, totaling $2.53 billion for the quarter.

PNC Financial Services Group Inc. lessened its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 3.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 407,485 shares of the communications equipment provider's stock after selling 13,683 shares during the period. PNC Financial Services Group Inc. owned about 0.24% of Motorola Solutions worth $178,401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC grew its holdings in Motorola Solutions by 346.2% during the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock worth $25,000 after acquiring an additional 45 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in shares of Motorola Solutions in the 4th quarter valued at $34,000. Community Bank N.A. purchased a new position in shares of Motorola Solutions in the 1st quarter valued at $32,000. Fort Vancouver Investment Management LLC purchased a new position in shares of Motorola Solutions in the 1st quarter valued at $37,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of Motorola Solutions in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Insider Activity at Motorola Solutions

In other 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 sale, the chief accounting officer directly owned 804 shares in the company, 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 SEC, which is available through the SEC website. 1.44% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on MSI shares. 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 target price on the stock. JPMorgan Chase & Co. dropped their target price 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 dropped their target price 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. Wolfe Research started coverage on shares of Motorola Solutions in a research report on Monday, July 7th. They issued a "peer perform" rating on the stock. Finally, William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Motorola Solutions has an average rating of "Moderate Buy" and a consensus price target of $510.67.

Motorola Solutions Trading Up 0.0%

Shares of NYSE MSI traded up $0.08 during midday trading on Thursday, reaching $442.20. 144,301 shares of the stock were exchanged, compared to its average volume of 891,819. The company has a market capitalization of $73.81 billion, a P/E ratio of 36.95, a P/E/G 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 current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. The stock has a 50 day moving average price of $419.86 and a 200-day moving average price of $428.14.

Motorola Solutions Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.0%. Motorola Solutions's payout ratio is 36.39%.

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.