Sumitomo Mitsui Trust Holdings Inc. Sells 12,030 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 446,941 shares of the communications equipment provider’s stock after selling 12,030 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Motorola Solutions were worth $158,655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its position in Motorola Solutions by 2.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 839,123 shares of the communications equipment provider’s stock valued at $260,204,000 after purchasing an additional 17,807 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Motorola Solutions by 15.6% in the 4th quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock worth $7,589,000 after purchasing an additional 3,278 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Motorola Solutions by 29.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock valued at $6,273,000 after purchasing an additional 4,594 shares in the last quarter. Capital International Sarl increased its stake in Motorola Solutions by 13.8% during the 4th quarter. Capital International Sarl now owns 57,227 shares of the communications equipment provider’s stock valued at $17,917,000 after purchasing an additional 6,918 shares in the last quarter. Finally, Bank of Nova Scotia raised its holdings in Motorola Solutions by 430.5% during the fourth quarter. Bank of Nova Scotia now owns 90,543 shares of the communications equipment provider’s stock worth $28,347,000 after buying an additional 73,477 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MSI. Deutsche Bank Aktiengesellschaft boosted their target price 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 Motorola Solutions in a report on Monday, March 25th. They set an “outperform” rating and a $400.00 price objective for the company. Barclays raised their target price on Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. upped their price target on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $358.86.

Motorola Solutions Stock Performance

NYSE MSI traded up $0.42 during trading on Wednesday, hitting $387.18. 40,880 shares of the company’s stock traded hands, compared to its average volume of 660,834. 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 stock has a market capitalization of $64.58 billion, a price-to-earnings ratio of 47.81, a PEG ratio of 3.38 and a beta of 0.94. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $391.65. The business has a 50 day moving average of $366.44 and a 200-day moving average of $342.78.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.29. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. As a group, equities research analysts anticipate that Motorola Solutions, Inc. will post 12.07 earnings per share 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 dividend of $0.98 per share. 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 dividend payout ratio (DPR) is presently 48.45%.

Insider Transactions at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 2,615 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total transaction of $927,488.20. Following the completion of the sale, the chief accounting officer now directly owns 1,138 shares in the company, valued at $403,625.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO Katherine A. Maher sold 2,615 shares of Motorola Solutions stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total value of $927,488.20. Following the transaction, the chief accounting officer now owns 1,138 shares in the company, valued at approximately $403,625.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP James A. Niewiara sold 810 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $358.09, for a total transaction of $290,052.90. Following the sale, the senior vice president now owns 12,986 shares of the company’s stock, valued at $4,650,156.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,389 shares of company stock valued at $3,446,461. 1.26% of the stock is owned by corporate insiders.

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.