FARMERS & MERCHANTS TRUST Co OF LONG BEACH Increases Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 8.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,375 shares of the communications equipment provider’s stock after purchasing an additional 1,087 shares during the period. Motorola Solutions accounts for approximately 1.3% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s portfolio, making the stock its 18th largest holding. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Motorola Solutions were worth $5,103,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MSI. Capital World Investors raised its stake in Motorola Solutions by 0.4% during the fourth quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock worth $3,812,424,000 after purchasing an additional 44,279 shares during the period. Raymond James & Associates raised its stake in Motorola Solutions by 4.7% during the fourth quarter. Raymond James & Associates now owns 2,155,597 shares of the communications equipment provider’s stock worth $674,896,000 after purchasing an additional 96,421 shares during the period. Norges Bank purchased a new position in Motorola Solutions during the fourth quarter worth approximately $646,341,000. JPMorgan Chase & Co. increased its position in shares of Motorola Solutions by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 1,605,900 shares of the communications equipment provider’s stock worth $437,190,000 after acquiring an additional 36,061 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Motorola Solutions by 67.8% in the third quarter. Ameriprise Financial Inc. now owns 1,193,146 shares of the communications equipment provider’s stock worth $324,614,000 after acquiring an additional 482,023 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

MSI has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, June 3rd. Evercore ISI assumed coverage on shares of Motorola Solutions in a report on Monday, March 25th. They set an “outperform” rating and a $400.00 price target for the company. Finally, Barclays raised their price target on shares of Motorola Solutions from $362.00 to $372.00 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. According to data from MarketBeat, Motorola Solutions has a consensus rating of “Moderate Buy” and an average target price of $358.86.

Insider Transactions at Motorola Solutions

In other news, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 8,939 shares in the company, valued at approximately $3,341,487.59. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction dated 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 sale, the senior vice president now directly owns 8,939 shares in the company, valued at approximately $3,341,487.59. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kenneth D. Denman sold 690 shares of Motorola Solutions stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $373.11, for a total transaction of $257,445.90. Following the completion of the sale, the director now owns 8,141 shares in the company, valued at $3,037,488.51. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,389 shares of company stock worth $3,446,461. 1.26% of the stock is currently owned by insiders.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock traded up $0.11 during trading hours on Tuesday, reaching $386.48. The company’s stock had a trading volume of 79,070 shares, compared to its average volume of 663,395. The company’s 50 day simple moving average is $365.62 and its 200 day simple moving average is $342.28. 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, Inc. has a one year low of $269.64 and a one year high of $391.65. The stock has a market cap of $64.46 billion, a P/E ratio of 47.76, a price-to-earnings-growth ratio of 3.38 and a beta of 0.94.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.29. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.34 billion. As a group, analysts expect that Motorola Solutions, Inc. will post 12.07 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be given a $0.98 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.01%. Motorola Solutions’s payout ratio is currently 48.45%.

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.