Motorola Solutions, Inc. (NYSE:MSI) Stake Cut by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its stake in Motorola Solutions, Inc. (NYSE:MSI) by 8.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,956 shares of the communications equipment provider’s stock after selling 272 shares during the quarter. Vontobel Holding Ltd.’s holdings in Motorola Solutions were worth $556,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MSI. Assenagon Asset Management S.A. bought a new stake in Motorola Solutions in the fourth quarter valued at $377,000. AE Wealth Management LLC lifted its stake in Motorola Solutions by 9.5% in the fourth quarter. AE Wealth Management LLC now owns 4,589 shares of the communications equipment provider’s stock valued at $780,000 after buying an additional 400 shares during the last quarter. Almanack Investment Partners LLC. lifted its stake in Motorola Solutions by 2.9% in the fourth quarter. Almanack Investment Partners LLC. now owns 2,539 shares of the communications equipment provider’s stock valued at $434,000 after buying an additional 72 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Motorola Solutions in the fourth quarter valued at $476,000. Finally, Institutional & Family Asset Management LLC lifted its stake in Motorola Solutions by 19.0% in the fourth quarter. Institutional & Family Asset Management LLC now owns 625 shares of the communications equipment provider’s stock valued at $106,000 after buying an additional 100 shares during the last quarter. Institutional investors own 84.59% of the company’s stock.

In related news, CAO Daniel G. Pekofske sold 1,334 shares of Motorola Solutions stock in a transaction dated Monday, April 12th. The stock was sold at an average price of $190.00, for a total value of $253,460.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Rajan Naik sold 6,370 shares of Motorola Solutions stock in a transaction dated Wednesday, May 12th. The stock was sold at an average price of $197.78, for a total value of $1,259,858.60. The disclosure for this sale can be found here. Insiders sold a total of 9,268 shares of company stock worth $1,826,119 in the last three months. 2.25% of the stock is currently owned by company insiders.

MSI has been the topic of a number of recent research reports. Raymond James raised their target price on Motorola Solutions from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, May 7th. Citigroup raised their price target on Motorola Solutions from $210.00 to $225.00 in a report on Friday, May 7th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on Motorola Solutions from $210.00 to $225.00 in a report on Friday, May 7th. Zacks Investment Research raised Motorola Solutions from a “sell” rating to a “hold” rating and set a $200.00 price target on the stock in a report on Tuesday, April 6th. Finally, Credit Suisse Group raised their price target on Motorola Solutions from $204.00 to $301.00 and gave the company an “outperform” rating in a report on Wednesday, June 2nd. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $198.46.

NYSE:MSI opened at $212.58 on Friday. The business’s 50-day moving average price is $196.14. The firm has a market capitalization of $36.07 billion, a price-to-earnings ratio of 37.03, a P/E/G ratio of 2.86 and a beta of 0.76. Motorola Solutions, Inc. has a 52-week low of $127.58 and a 52-week high of $212.76.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, May 6th. The communications equipment provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.42. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.75 billion. Motorola Solutions had a negative return on equity of 203.20% and a net margin of 13.22%. Motorola Solutions’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.49 earnings per share. As a group, research analysts anticipate that Motorola Solutions, Inc. will post 8.08 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Tuesday, June 15th will be paid a $0.71 dividend. The ex-dividend date is Monday, June 14th. This represents a $2.84 dividend on an annualized basis and a yield of 1.34%. Motorola Solutions’s dividend payout ratio is currently 39.89%.

Motorola Solutions Profile

Motorola Solutions, Inc provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation, optimization, and integration of systems, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

See Also: Holder of Record

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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