Woodley Farra Manion Portfolio Management Inc. Has $3.40 Million Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Woodley Farra Manion Portfolio Management Inc. has significantly reduced its holdings in Motorola Solutions, Inc. by 95.7%, selling 173,427 shares to end up with 7,752 shares worth approximately $3.4 million.
• Multiple institutional investors have recently increased their stakes in Motorola Solutions, with ORG Wealth Partners LLC lifting its holdings by 346.2% in the first quarter.
• Motorola Solutions announced a quarterly dividend of $1.09 per share, representing an annualized yield of 1.01% and a payout ratio of 36.39%.

Woodley Farra Manion Portfolio Management Inc. cut its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 95.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,752 shares of the communications equipment provider's stock after selling 173,427 shares during the quarter. Woodley Farra Manion Portfolio Management Inc.'s holdings in Motorola Solutions were worth $3,403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. ORG Wealth Partners LLC increased its position in Motorola Solutions by 346.2% during the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock worth $25,000 after buying an additional 45 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Motorola Solutions during the fourth quarter worth $32,000. Community Bank N.A. acquired a new position in Motorola Solutions during the first quarter worth $32,000. Fourth Dimension Wealth LLC acquired a new position in Motorola Solutions during the fourth quarter worth $34,000. Finally, Fort Vancouver Investment Management LLC acquired a new position in Motorola Solutions during the first quarter worth $37,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Price Performance

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

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 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 company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter in the previous year, the company posted $2.81 earnings per share. Motorola Solutions's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, research analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were issued a $1.09 dividend. 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 dividend payout ratio (DPR) is currently 36.39%.

Insider Buying and Selling at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.44% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MSI shares. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Barclays lowered their price target 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. Wall Street Zen downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. UBS Group started coverage on Motorola Solutions in a research report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price target on the stock. Finally, Wolfe Research started coverage on Motorola Solutions in a research report on Monday, July 7th. They issued a "peer perform" rating on the stock. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $510.67.

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.