Strs Ohio Sells 6,296 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Strs Ohio cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,827 shares of the communications equipment provider's stock after selling 6,296 shares during the quarter. Strs Ohio owned 0.07% of Motorola Solutions worth $34,385,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. American Century Companies Inc. boosted its position in shares of Motorola Solutions by 11.6% during the 1st quarter. American Century Companies Inc. now owns 3,918 shares of the communications equipment provider's stock worth $949,000 after acquiring an additional 406 shares in the last quarter. Cibc World Market Inc. boosted its position in shares of Motorola Solutions by 3.1% during the 1st quarter. Cibc World Market Inc. now owns 11,087 shares of the communications equipment provider's stock worth $2,685,000 after acquiring an additional 329 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of Motorola Solutions by 8.8% during the 1st quarter. Moors & Cabot Inc. now owns 2,870 shares of the communications equipment provider's stock worth $695,000 after acquiring an additional 231 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Motorola Solutions during the 1st quarter worth approximately $225,000. Finally, Baird Financial Group Inc. boosted its position in shares of Motorola Solutions by 7.3% during the 1st quarter. Baird Financial Group Inc. now owns 55,177 shares of the communications equipment provider's stock worth $13,362,000 after acquiring an additional 3,741 shares in the last quarter. 84.17% of the stock is owned by institutional investors.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of Motorola Solutions stock in a transaction on Friday, March 1st. The shares were sold at an average price of $334.30, for a total value of $1,585,919.20. Following the completion of the sale, the senior vice president now directly owns 8,858 shares of the company's stock, valued at $2,961,229.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.26% of the company's stock.

Motorola Solutions Trading Up 0.4 %

NYSE MSI traded up $1.36 during mid-day trading on Tuesday, reaching $339.94. 530,262 shares of the stock were exchanged, compared to its average volume of 618,505. Motorola Solutions, Inc. has a one year low of $269.64 and a one year high of $355.39. The stock has a 50 day simple moving average of $338.52 and a 200-day simple moving average of $318.75. The stock has a market cap of $56.47 billion, a P/E ratio of 34.23, a P/E/G ratio of 3.17 and a beta of 0.90. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.00 and a quick ratio of 0.85.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share for the quarter, topping analysts' consensus estimates of $3.63 by $0.27. Motorola Solutions had a net margin of 17.12% and a return on equity of 441.65%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the firm earned $3.38 earnings per share. Motorola Solutions's quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts anticipate that Motorola Solutions, Inc. will post 11.74 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were paid a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, March 14th. Motorola Solutions's dividend payout ratio (DPR) is currently 39.48%.

Analyst Upgrades and Downgrades

MSI has been the topic of a number of research analyst reports. Barclays raised their target price on shares of Motorola Solutions from $333.00 to $352.00 and gave the company an "overweight" rating in a research report on Tuesday, January 2nd. William Blair restated an "outperform" rating on shares of Motorola Solutions in a research report on Friday, February 9th. StockNews.com upgraded shares of Motorola Solutions from a "hold" rating to a "buy" rating in a research report on Monday, February 12th. JPMorgan Chase & Co. raised their target price on shares of Motorola Solutions from $360.00 to $400.00 and gave the company an "overweight" rating in a research report on Thursday, April 11th. Finally, Evercore ISI initiated coverage on shares of Motorola Solutions in a research report on Monday, March 25th. They issued an "outperform" rating and a $400.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Motorola Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $348.38.

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.