Chevy Chase Trust Holdings LLC Sells 1,083 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Chevy Chase Trust Holdings LLC lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 92,113 shares of the communications equipment provider’s stock after selling 1,083 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.06% of Motorola Solutions worth $35,560,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC bought a new position in shares of Motorola Solutions in the 2nd quarter worth approximately $29,000. Crewe Advisors LLC bought a new position in shares of Motorola Solutions in the 1st quarter worth approximately $28,000. Rise Advisors LLC bought a new position in shares of Motorola Solutions in the 1st quarter worth approximately $29,000. Hexagon Capital Partners LLC lifted its stake in shares of Motorola Solutions by 78.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 84 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 37 shares during the period. Finally, North Star Investment Management Corp. lifted its stake in shares of Motorola Solutions by 206.9% in the 1st quarter. North Star Investment Management Corp. now owns 89 shares of the communications equipment provider’s stock worth $32,000 after purchasing an additional 60 shares during the period. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock traded down $0.68 on Wednesday, hitting $425.70. 186,590 shares of the company traded hands, compared to its average volume of 661,508. The stock has a market capitalization of $71.01 billion, a P/E ratio of 52.70, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94. 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 52 week low of $269.64 and a 52 week high of $429.32. The business has a 50-day simple moving average of $395.32 and a 200 day simple moving average of $363.77.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.23. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 378.15%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.41 earnings per share. Research analysts expect that Motorola Solutions, Inc. will post 12.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MSI. Barclays increased their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Bank of America increased their target price on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. increased their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $437.40.

Insider Activity

In related news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the sale, the chief operating officer now owns 46,821 shares in the company, valued at $19,079,557.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Kenneth D. Denman sold 690 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $373.11, for a total value of $257,445.90. Following the sale, the director now owns 8,141 shares in the company, valued at $3,037,488.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the completion of the sale, the chief operating officer now owns 46,821 shares in the company, valued at approximately $19,079,557.50. The disclosure for this sale can be found here. Insiders have sold a total of 29,949 shares of company stock worth $12,002,807 over the last quarter. Insiders own 1.50% of the company’s stock.

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.