Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,821 shares of the communications equipment provider’s stock after selling 220 shares during the period. Meyer Handelman Co.’s holdings in Motorola Solutions were worth $4,906,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Capital World Investors lifted its holdings 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 acquiring an additional 44,279 shares during the last quarter. Raymond James & Associates lifted its holdings in Motorola Solutions by 4.7% in the fourth quarter. Raymond James & Associates now owns 2,155,597 shares of the communications equipment provider’s stock valued at $674,896,000 after acquiring an additional 96,421 shares during the last quarter. Norges Bank acquired a new position in Motorola Solutions in the fourth quarter valued at approximately $646,341,000. Northern Trust Corp lifted its holdings in Motorola Solutions by 1.5% in the third quarter. Northern Trust Corp now owns 1,841,890 shares of the communications equipment provider’s stock valued at $501,436,000 after acquiring an additional 27,874 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Motorola Solutions by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 1,605,900 shares of the communications equipment provider’s stock valued at $437,190,000 after acquiring an additional 36,061 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, SVP James A. Niewiara sold 810 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $358.09, for a total value of $290,052.90. Following the completion of the transaction, the senior vice president now owns 12,986 shares in the company, valued at $4,650,156.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Katherine A. Maher sold 2,615 shares of the stock in a transaction dated 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 owns 1,138 shares in the company, valued at $403,625.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP James A. Niewiara sold 810 shares of the 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 of the company’s stock, valued at approximately $4,650,156.74. The disclosure for this sale can be found here. Insiders sold 9,389 shares of company stock worth $3,446,461 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

MSI has been the topic of a number of recent analyst reports. Evercore ISI initiated coverage on Motorola Solutions in a report on Monday, March 25th. They issued an “outperform” rating and a $400.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on Motorola Solutions from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, June 3rd. Finally, Barclays boosted their target price on Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $358.86.

Motorola Solutions Stock Performance

NYSE MSI traded up $1.44 during trading hours on Friday, hitting $386.04. The company had a trading volume of 1,043,888 shares, compared to its average volume of 570,769. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01 and a current ratio of 1.19. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $386.34. The company has a market cap of $64.39 billion, a PE ratio of 47.72, a price-to-earnings-growth ratio of 3.36 and a beta of 0.96. The business has a 50 day moving average of $360.88 and a 200-day moving average of $339.91.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.34 billion. As a group, equities research analysts expect that Motorola Solutions, Inc. will post 12.07 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be paid a $0.98 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.92 annualized dividend and a yield of 1.02%. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Motorola Solutions 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.