Motorola Solutions, Inc. (NYSE:MSI) Stake Lowered by ProShare Advisors LLC

ProShare Advisors LLC cut its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 0.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,155 shares of the communications equipment provider’s stock after selling 40 shares during the period. ProShare Advisors LLC’s holdings in Motorola Solutions were worth $19,224,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Capital World Investors boosted its holdings 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 valued at $3,812,424,000 after acquiring an additional 44,279 shares during the period. Raymond James & Associates raised its position in shares of Motorola Solutions by 3.8% during the first quarter. Raymond James & Associates now owns 2,237,587 shares of the communications equipment provider’s stock valued at $794,299,000 after buying an additional 81,990 shares during the last quarter. Norges Bank acquired a new position in shares of Motorola Solutions during the fourth quarter valued at about $646,341,000. Alphinity Investment Management Pty Ltd raised its position in shares of Motorola Solutions by 36.5% during the first quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock valued at $524,929,000 after buying an additional 395,096 shares during the last quarter. Finally, TD Asset Management Inc raised its position in shares of Motorola Solutions by 19.7% during the fourth quarter. TD Asset Management Inc now owns 917,734 shares of the communications equipment provider’s stock valued at $287,333,000 after buying an additional 151,007 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Kenneth D. Denman sold 690 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $373.11, for a total transaction of $257,445.90. Following the sale, the director now directly owns 8,141 shares in the company, valued at $3,037,488.51. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other 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 completion of the transaction, the senior vice president now owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction, the director now directly owns 8,141 shares of the company’s stock, valued at approximately $3,037,488.51. The disclosure for this sale can be found here. Insiders have sold a total of 9,389 shares of company stock worth $3,446,461 over the last ninety days. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on MSI shares. Bank of America upped their price objective on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. Evercore ISI initiated coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They set an “outperform” rating and a $400.00 price objective on the stock. JPMorgan Chase & Co. increased their price target 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. Finally, Barclays increased their price target on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $374.57.

Motorola Solutions Trading Down 0.6 %

MSI opened at $393.71 on Thursday. The firm’s fifty day moving average is $376.75 and its two-hundred day moving average is $349.18. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01 and a current ratio of 1.19. The firm has a market cap of $65.67 billion, a PE ratio of 48.67, a price-to-earnings-growth ratio of 3.46 and a beta of 0.94. Motorola Solutions, Inc. has a twelve month low of $269.64 and a twelve month high of $398.88.

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

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 14th were issued a dividend of $0.98 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.00%. Motorola Solutions’s payout ratio is 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.