Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 9.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,641 shares of the communications equipment provider’s stock after selling 5,102 shares during the period. Motorola Solutions comprises approximately 1.5% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 25th biggest holding. Norris Perne & French LLP MI’s holdings in Motorola Solutions were worth $22,320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MFA Wealth Advisors LLC acquired a new stake in Motorola Solutions during the second quarter worth about $25,000. Beacon Capital Management LLC grew its stake in shares of Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares during the period. LRI Investments LLC increased its holdings in shares of Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Motorola Solutions in the 1st quarter valued at $28,000. Finally, Triad Wealth Partners LLC purchased a new stake in Motorola Solutions during the second quarter worth $29,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

NYSE:MSI opened at $449.35 on Friday. The company’s 50-day moving average is $450.46 and its two-hundred day moving average is $403.69. Motorola Solutions, Inc. has a 1-year low of $276.19 and a 1-year high of $480.28. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The firm has a market capitalization of $74.97 billion, a price-to-earnings ratio of 52.62, a PEG ratio of 3.81 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.23. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.41 earnings per share. Analysts forecast that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were issued a $0.98 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.87%. Motorola Solutions’s dividend payout ratio (DPR) is presently 45.90%.

Insider Buying and Selling

In related news, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 46,821 shares in the company, valued at $19,079,557.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MSI shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Barclays boosted their price objective on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Jefferies Financial Group increased their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, Bank of America increased their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Eight analysts have rated the stock with a buy rating, According to MarketBeat, Motorola Solutions presently has a consensus rating of “Buy” and a consensus price target of $479.50.

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.