SVB Wealth LLC Sells 102 Shares of Motorola Solutions, Inc. (NYSE:MSI)

SVB Wealth LLC reduced its position in Motorola Solutions, Inc. (NYSE:MSI) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,458 shares of the communications equipment provider’s stock after selling 102 shares during the quarter. SVB Wealth LLC’s holdings in Motorola Solutions were worth $873,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital World Investors boosted its stake in Motorola Solutions by 0.4% in the fourth quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock valued at $3,812,424,000 after buying an additional 44,279 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Motorola Solutions by 3.8% in the 1st quarter. Raymond James & Associates now owns 2,237,587 shares of the communications equipment provider’s stock valued at $794,299,000 after purchasing an additional 81,990 shares in the last quarter. Norges Bank bought a new stake in shares of Motorola Solutions during the 4th quarter valued at approximately $646,341,000. Alphinity Investment Management Pty Ltd grew its holdings in shares of Motorola Solutions by 36.5% during the 1st quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock valued at $524,929,000 after purchasing an additional 395,096 shares during the last quarter. Finally, TD Asset Management Inc increased its position in Motorola Solutions by 19.7% during the 4th quarter. TD Asset Management Inc now owns 917,734 shares of the communications equipment provider’s stock worth $287,333,000 after purchasing an additional 151,007 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MSI. Bank of America raised their target price on shares of Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Barclays raised their price objective on Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft lifted 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. Finally, JPMorgan Chase & Co. upped their price target on shares of Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Motorola Solutions presently has an average rating of “Moderate Buy” and an average target price of $374.57.

Motorola Solutions Trading Up 0.4 %

MSI stock traded up $1.71 during trading on Monday, hitting $395.42. The company had a trading volume of 350,005 shares, compared to its average volume of 652,905. The stock has a market cap of $65.96 billion, a PE ratio of 48.88, a PEG ratio of 3.44 and a beta of 0.94. The business has a 50-day moving average of $380.87 and a 200-day moving average of $353.40. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. Motorola Solutions, Inc. has a one year low of $269.64 and a one year high of $399.62.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.29. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. Research analysts predict 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 was paid on Monday, July 15th. Shareholders of record on Friday, June 14th were issued a dividend of $0.98 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a yield of 0.99%. Motorola Solutions’s payout ratio is currently 48.45%.

Insider Transactions at Motorola Solutions

In related news, SVP James A. Niewiara sold 810 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was 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 in the company, valued at approximately $4,650,156.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP James A. Niewiara sold 810 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $358.09, for a total transaction of $290,052.90. Following the transaction, the senior vice president now owns 12,986 shares in the company, valued at approximately $4,650,156.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth D. Denman sold 690 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $373.11, for a total transaction of $257,445.90. Following the completion of the sale, the director now owns 8,141 shares of the company’s stock, valued at $3,037,488.51. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,389 shares of company stock valued at $3,446,461. Corporate 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.