Webster Bank N. A. Reduces Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Webster Bank N. A. lowered its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 51.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113 shares of the communications equipment provider’s stock after selling 120 shares during the quarter. Webster Bank N. A.’s holdings in Motorola Solutions were worth $40,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MSI. Private Wealth Management Group LLC purchased a new position in Motorola Solutions during the 4th quarter valued at $29,000. Rise Advisors LLC purchased a new position in Motorola Solutions during the 1st quarter valued at $29,000. Northwest Capital Management Inc boosted its holdings in Motorola Solutions by 71.4% during the 4th quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock valued at $30,000 after acquiring an additional 40 shares during the period. Motco lifted its holdings in shares of Motorola Solutions by 137.5% in the 4th quarter. Motco now owns 95 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 55 shares during the period. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Evercore ISI assumed coverage on Motorola Solutions in a report on Monday, March 25th. They issued an “outperform” rating and a $400.00 target price for the company. Barclays upped their target price on Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft upped their target price on Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, June 3rd. Finally, JPMorgan Chase & Co. upped their target price on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $358.86.

Insider Buying and Selling

In related news, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the sale, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Motorola Solutions news, CAO Katherine A. Maher sold 2,615 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total transaction of $927,488.20. Following the transaction, the chief accounting officer now owns 1,138 shares in the company, valued at $403,625.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total value of $1,971,473.94. Following the completion of the transaction, the senior vice president now owns 8,939 shares in the company, valued at approximately $3,341,487.59. The disclosure for this sale can be found here. Insiders have sold a total of 9,389 shares of company stock valued at $3,446,461 over the last ninety days. Company insiders own 1.50% of the company’s stock.

Motorola Solutions Stock Performance

Shares of MSI stock traded down $0.35 during mid-day trading on Friday, reaching $386.05. The stock had a trading volume of 1,737,726 shares, compared to its average volume of 644,296. The business’s fifty day moving average is $365.62 and its 200-day moving average is $342.08. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. The firm has a market cap of $64.39 billion, a price-to-earnings ratio of 47.72, a PEG ratio of 3.38 and a beta of 0.96. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $391.65.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.29. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. On average, research analysts forecast that Motorola Solutions, Inc. will post 12.07 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Friday, June 14th. Motorola Solutions’s dividend payout ratio is presently 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.