Bank of New York Mellon Corp Has $463.43 Million Position in Motorola Solutions, Inc. (NYSE:MSI)

Bank of New York Mellon Corp trimmed its stake in Motorola Solutions, Inc. (NYSE:MSI) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,200,451 shares of the communications equipment provider’s stock after selling 17,902 shares during the quarter. Bank of New York Mellon Corp owned about 0.72% of Motorola Solutions worth $463,434,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital World Investors boosted its stake in Motorola Solutions by 0.4% during the 4th quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock valued at $3,812,424,000 after purchasing an additional 44,279 shares during the last quarter. Raymond James & Associates raised its position in Motorola Solutions by 3.7% in the 2nd quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock valued at $895,494,000 after buying an additional 82,044 shares during the last quarter. Norges Bank bought a new position in Motorola Solutions during the 4th quarter valued at $646,341,000. Alphinity Investment Management Pty Ltd grew its stake in shares of Motorola Solutions by 36.5% in the 1st quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock worth $524,929,000 after acquiring an additional 395,096 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of Motorola Solutions by 215.7% during the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after purchasing an additional 699,615 shares in the last quarter. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Price Performance

Shares of MSI traded down $1.99 during midday trading on Monday, reaching $428.41. The stock had a trading volume of 347,873 shares, compared to its average volume of 663,002. 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 company has a market capitalization of $71.46 billion, a price-to-earnings ratio of 53.20, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94. The company’s 50-day moving average is $398.30 and its 200 day moving average is $365.90. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $433.28.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a return on equity of 378.15% and a net margin of 14.04%. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the firm earned $2.41 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts predict that Motorola Solutions, Inc. will post 12.09 EPS for the current fiscal year.

Insider Activity

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 46,821 shares in the company, valued at approximately $19,079,557.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Kenneth D. Denman sold 690 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $373.11, for a total value of $257,445.90. Following the transaction, the director now owns 8,141 shares in the company, valued at approximately $3,037,488.51. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO John P. Molloy sold 23,985 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following 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. Over the last three months, insiders have sold 29,949 shares of company stock valued at $12,002,807. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.