Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Webster Bank N. A.

Webster Bank N. A. trimmed its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 51.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113 shares of the communications equipment provider’s stock after selling 120 shares during the period. Webster Bank N. A.’s holdings in Motorola Solutions were worth $40,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Beacon Pointe Advisors LLC lifted its holdings in Motorola Solutions by 0.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 4,754 shares of the communications equipment provider’s stock worth $1,488,000 after acquiring an additional 32 shares during the last quarter. OmniStar Financial Group Inc. lifted its holdings in Motorola Solutions by 1.7% in the fourth quarter. OmniStar Financial Group Inc. now owns 2,032 shares of the communications equipment provider’s stock worth $636,000 after acquiring an additional 33 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in Motorola Solutions by 21.3% in the fourth quarter. Valley National Advisers Inc. now owns 188 shares of the communications equipment provider’s stock worth $58,000 after acquiring an additional 33 shares during the last quarter. Wedmont Private Capital lifted its holdings in Motorola Solutions by 1.2% in the first quarter. Wedmont Private Capital now owns 2,788 shares of the communications equipment provider’s stock worth $984,000 after acquiring an additional 34 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in Motorola Solutions by 4.8% in the fourth quarter. Valeo Financial Advisors LLC now owns 844 shares of the communications equipment provider’s stock worth $264,000 after acquiring an additional 39 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MSI. Barclays raised their target price on shares of Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Motorola Solutions from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. JPMorgan Chase & Co. raised 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, Evercore ISI initiated coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 price target on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $358.86.

Insiders Place Their Bets

In other Motorola Solutions news, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction that occurred on 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 transaction, the senior vice president now owns 8,939 shares in the company, valued at $3,341,487.59. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Katherine A. Maher sold 2,615 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 1,138 shares in the company, valued at approximately $403,625.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the transaction, the senior vice president now owns 8,939 shares in the company, valued at $3,341,487.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,389 shares of company stock worth $3,446,461. 1.50% of the stock is owned by insiders.

Motorola Solutions Price Performance

Shares of NYSE MSI traded down $0.35 during mid-day trading on Friday, reaching $386.05. 1,737,726 shares of the company traded hands, compared to its average volume of 644,296. Motorola Solutions, Inc. has a fifty-two week low of $269.64 and a fifty-two week high of $391.65. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01. The firm has a market cap of $64.39 billion, a PE ratio of 47.72, a price-to-earnings-growth ratio of 3.38 and a beta of 0.96. The stock has a fifty day simple moving average of $365.62 and a 200-day simple moving average of $342.08.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.29. The firm 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 fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be given a $0.98 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.92 annualized dividend and a yield of 1.02%. Motorola Solutions’s dividend payout ratio (DPR) 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.