Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Vestcor Inc

Vestcor Inc lessened its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,235 shares of the communications equipment provider's stock after selling 1,179 shares during the quarter. Vestcor Inc's holdings in Motorola Solutions were worth $18,929,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. ORG Wealth Partners LLC grew its stake in shares of Motorola Solutions by 346.2% in the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock valued at $25,000 after buying an additional 45 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Motorola Solutions in the 4th quarter valued at about $32,000. Community Bank N.A. purchased a new stake in shares of Motorola Solutions in the 1st quarter valued at about $32,000. Fourth Dimension Wealth LLC purchased a new stake in Motorola Solutions during the 4th quarter valued at approximately $34,000. Finally, Fort Vancouver Investment Management LLC purchased a new stake in Motorola Solutions during the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Motorola Solutions Trading Down 0.4%

Shares of MSI stock traded down $1.90 during mid-day trading on Friday, hitting $437.08. 1,173,440 shares of the company's stock were exchanged, compared to its average volume of 746,299. Motorola Solutions, Inc. has a fifty-two week low of $388.90 and a fifty-two week high of $507.82. The stock has a 50-day simple moving average of $418.71 and a two-hundred day simple moving average of $428.62. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42. The stock has a market cap of $72.96 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 3.78 and a beta of 0.95.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter last year, the firm earned $2.81 earnings per share. The business's revenue was up 5.8% on a year-over-year basis. Equities analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were given a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) is 36.39%.

Analyst Upgrades and Downgrades

MSI has been the subject of several analyst reports. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. JPMorgan Chase & Co. dropped their target price on 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 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 initiated coverage on Motorola Solutions in a research report on Monday, July 7th. They set a "peer perform" rating on the stock. Finally, Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Three investment 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.

Insider Buying and Selling at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the 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 transaction, the chief accounting officer directly owned 804 shares of the company's stock, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company 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.