Great Lakes Advisors LLC Decreases Stake in Motorola Solutions, Inc. (NYSE:MSI)

Great Lakes Advisors LLC lowered its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 29.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 245,323 shares of the communications equipment provider's stock after selling 102,162 shares during the period. Great Lakes Advisors LLC owned approximately 0.15% of Motorola Solutions worth $76,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Fifth Third Bancorp grew its position in Motorola Solutions by 6.6% in the 3rd quarter. Fifth Third Bancorp now owns 6,123 shares of the communications equipment provider's stock valued at $1,667,000 after acquiring an additional 380 shares during the last quarter. Allworth Financial LP increased its stake in Motorola Solutions by 1.5% in the 3rd quarter. Allworth Financial LP now owns 4,288 shares of the communications equipment provider's stock worth $1,167,000 after buying an additional 62 shares during the period. Annex Advisory Services LLC bought a new stake in Motorola Solutions during the 3rd quarter valued at about $312,000. New Mexico Educational Retirement Board boosted its position in Motorola Solutions by 7.4% in the 3rd quarter. New Mexico Educational Retirement Board now owns 8,703 shares of the communications equipment provider's stock valued at $2,369,000 after buying an additional 600 shares during the period. Finally, Knights of Columbus Asset Advisors LLC grew its stake in Motorola Solutions by 0.9% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 19,255 shares of the communications equipment provider's stock worth $5,242,000 after acquiring an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company's stock.

Motorola Solutions Stock Up 0.4 %

Shares of MSI stock traded up $1.39 during mid-day trading on Friday, hitting $367.80. 423,929 shares of the stock traded hands, compared to its average volume of 878,142. Motorola Solutions, Inc. has a 52-week low of $269.64 and a 52-week high of $369.59. The stock has a market cap of $61.35 billion, a P/E ratio of 45.46, a P/E/G ratio of 3.22 and a beta of 0.91. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01. The stock's fifty day moving average is $348.96 and its two-hundred day moving average is $329.74.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be paid a $0.98 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.92 annualized dividend and a yield of 1.07%. Motorola Solutions's dividend payout ratio (DPR) is 48.45%.

Insiders Place Their Bets

In other news, SVP James A. Niewiara sold 810 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $358.09, for a total transaction of $290,052.90. Following the completion of the sale, the senior vice president now owns 12,986 shares in the company, valued at approximately $4,650,156.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP James A. Niewiara sold 810 shares of the company's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $358.09, for a total transaction of $290,052.90. Following the transaction, the senior vice president now owns 12,986 shares in the company, valued at $4,650,156.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Cynthia Yazdi sold 4,744 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the completion of the transaction, the senior vice president now directly owns 8,858 shares of the company's stock, valued at $2,961,229.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,169 shares of company stock valued at $2,803,460. 1.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MSI shares. StockNews.com upgraded Motorola Solutions from a "hold" rating to a "buy" rating in a report on Monday, February 12th. Barclays increased their price target on Motorola Solutions from $362.00 to $372.00 and gave the stock an "overweight" rating in a research report on Friday, May 3rd. Evercore ISI initiated coverage on Motorola Solutions in a report on Monday, March 25th. They issued an "outperform" rating and a $400.00 price objective for the company. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Motorola Solutions from $400.00 to $405.00 and gave the company an "overweight" rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $357.43.

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.