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 holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 3.2% during the first quarter, according to its most recent disclosure with the SEC. 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 0.24% of Motorola Solutions worth $178,401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC raised its position in Motorola Solutions by 3.2% during the first 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 Motorola Solutions by 228.9% during the first 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. Perennial Investment Advisors LLC raised its position in Motorola Solutions by 14.4% during the fourth quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock valued at $383,000 after purchasing an additional 104 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in Motorola Solutions during the first quarter valued at about $874,000. Finally, Farther Finance Advisors LLC raised its position in Motorola Solutions by 35.1% during the first 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. Hedge funds and other institutional investors own 84.17% of the company's stock.

Wall Street Analyst Weigh In

MSI has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Wolfe Research assumed coverage on Motorola Solutions in a research note on Monday, July 7th. They issued a "peer perform" rating on the stock. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays cut their target price on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Motorola Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $510.67.

Insider Activity

In related news, CAO Katherine A. Maher sold 1,073 shares of the company's 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 completion of the transaction, the chief accounting officer owned 804 shares of the company's stock, valued at approximately $336,618.72. This represents a 57.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Price Performance

Shares of MSI opened at $437.08 on Friday. The firm has a market cap of $72.96 billion, a PE ratio of 36.48, a P/E/G ratio of 3.76 and a beta of 0.97. 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 firm has a fifty day simple moving average of $418.71 and a two-hundred day simple moving average of $428.41. Motorola Solutions, Inc. has a 1-year low of $388.90 and a 1-year high of $507.82.

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

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were given a dividend of $1.09 per share. The ex-dividend date of this dividend 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 presently 36.39%.

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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