Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Meridian Wealth Advisors LLC

Meridian Wealth Advisors LLC lowered its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,818 shares of the communications equipment provider’s stock after selling 86 shares during the quarter. Meridian Wealth Advisors LLC’s holdings in Motorola Solutions were worth $882,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in Motorola Solutions by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 855,016 shares of the communications equipment provider’s stock worth $267,697,000 after purchasing an additional 13,027 shares during the period. Apollon Wealth Management LLC boosted its position in shares of Motorola Solutions by 3.4% in the fourth quarter. Apollon Wealth Management LLC now owns 3,283 shares of the communications equipment provider’s stock worth $1,028,000 after buying an additional 109 shares during the period. Lincoln National Corp grew its holdings in shares of Motorola Solutions by 7.1% during the fourth quarter. Lincoln National Corp now owns 2,436 shares of the communications equipment provider’s stock valued at $763,000 after buying an additional 161 shares in the last quarter. Fielder Capital Group LLC acquired a new position in Motorola Solutions during the fourth quarter valued at $293,000. Finally, Maryland State Retirement & Pension System lifted its stake in Motorola Solutions by 1.9% in the 4th quarter. Maryland State Retirement & Pension System now owns 12,858 shares of the communications equipment provider’s stock worth $4,026,000 after acquiring an additional 240 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on MSI. William Blair reaffirmed an “outperform” rating on shares of Motorola Solutions in a research note on Friday, February 9th. JPMorgan Chase & Co. upped their price objective on shares of Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Motorola Solutions from $355.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday. Evercore ISI began coverage on shares of Motorola Solutions in a report on Monday, March 25th. They set an “outperform” rating and a $400.00 price target on the stock. Finally, StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a report on Monday, February 12th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $357.43.

Insider Activity at Motorola Solutions

In other news, SVP Cynthia Yazdi sold 4,744 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the sale, the senior vice president now directly owns 8,858 shares in the company, valued at $2,961,229.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.50% of the stock is owned by corporate insiders.

Motorola Solutions Trading Down 0.1 %

Motorola Solutions stock opened at $358.65 on Thursday. The business’s 50-day simple moving average is $344.39 and its 200-day simple moving average is $325.32. Motorola Solutions, Inc. has a 52 week low of $269.64 and a 52 week high of $361.68. The firm has a market capitalization of $59.82 billion, a PE ratio of 44.38, a PEG ratio of 3.27 and a beta of 0.91. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01 and a current ratio of 1.19.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.27. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the firm posted $3.38 earnings per share. Motorola Solutions’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts forecast that Motorola Solutions, Inc. will post 11.74 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Thursday, March 14th. Motorola Solutions’s dividend payout ratio is currently 48.45%.

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.