Wealth Enhancement Advisory Services LLC Sells 23,087 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Wealth Enhancement Advisory Services LLC lowered its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 269,870 shares of the communications equipment provider's stock after selling 23,087 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.16% of Motorola Solutions worth $118,152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Motorola Solutions by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 21,179,834 shares of the communications equipment provider's stock worth $9,789,955,000 after buying an additional 310,919 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Motorola Solutions by 12.1% in the 4th quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock worth $1,933,360,000 after purchasing an additional 451,172 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Motorola Solutions in the 4th quarter worth approximately $1,528,949,000. FMR LLC raised its holdings in shares of Motorola Solutions by 12.4% in the 4th quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider's stock worth $1,400,980,000 after purchasing an additional 334,639 shares during the period. Finally, Norges Bank bought a new stake in shares of Motorola Solutions in the 4th quarter worth approximately $1,073,645,000. Institutional investors own 84.17% of the company's stock.

Wall Street Analyst Weigh In

MSI has been the topic of a number of research reports. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Wall Street Zen lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. 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. Finally, JPMorgan Chase & Co. cut their target price on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Motorola Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $513.25.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $404.41 on Friday. 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 1-year low of $380.72 and a 1-year high of $507.82. The firm has a market cap of $67.50 billion, a P/E ratio of 33.76, a P/E/G ratio of 3.48 and a beta of 0.96. The firm has a 50-day moving average of $418.54 and a 200-day moving average of $438.81.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same period in the previous year, the firm earned $2.81 earnings per share. The business's revenue was up 5.8% compared to the same quarter last year. Sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, June 13th. Motorola Solutions's payout ratio is currently 36.39%.

Insider Buying and Selling

In related news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction dated 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 now directly owns 804 shares of the company's stock, valued at $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.44% of the stock is owned by insiders.

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.

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