Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. decreased its stake in Motorola Solutions, Inc. (NYSE:MSI) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 446,941 shares of the communications equipment provider’s stock after selling 12,030 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.27% of Motorola Solutions worth $158,655,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MSI. AQR Capital Management LLC increased its stake in shares of Motorola Solutions by 25.8% in the 3rd quarter. AQR Capital Management LLC now owns 127,309 shares of the communications equipment provider’s stock worth $34,659,000 after acquiring an additional 26,141 shares during the last quarter. Glenmede Trust Co. NA increased its position in Motorola Solutions by 4.3% during the third quarter. Glenmede Trust Co. NA now owns 4,727 shares of the communications equipment provider’s stock worth $1,287,000 after purchasing an additional 195 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Motorola Solutions by 67.8% during the third quarter. Ameriprise Financial Inc. now owns 1,193,146 shares of the communications equipment provider’s stock worth $324,614,000 after purchasing an additional 482,023 shares during the period. Alps Advisors Inc. lifted its stake in shares of Motorola Solutions by 63.6% in the 3rd quarter. Alps Advisors Inc. now owns 10,748 shares of the communications equipment provider’s stock valued at $2,926,000 after purchasing an additional 4,179 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Motorola Solutions by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 1,605,900 shares of the communications equipment provider’s stock worth $437,190,000 after buying an additional 36,061 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Activity at Motorola Solutions

In other news, Director Kenneth D. Denman sold 690 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $373.11, for a total transaction of $257,445.90. Following the completion of the transaction, the director now directly owns 8,141 shares of the company’s stock, valued at approximately $3,037,488.51. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Motorola Solutions news, Director Kenneth D. Denman sold 690 shares of Motorola Solutions stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $373.11, for a total value of $257,445.90. Following the completion of the sale, the director now owns 8,141 shares in the company, valued at approximately $3,037,488.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Rajan Naik sold 5,274 shares of the stock in a transaction dated Thursday, June 13th. The stock was 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. In the last three months, insiders have sold 9,389 shares of company stock valued at $3,446,461. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MSI. JPMorgan Chase & Co. increased their price target on Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Barclays lifted their price target on shares of Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Motorola Solutions from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, June 3rd. Finally, Evercore ISI started coverage on shares of Motorola Solutions in a research report on Monday, March 25th. They set an “outperform” rating and a $400.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $358.86.

Motorola Solutions Stock Performance

Shares of MSI traded up $0.42 during midday trading on Wednesday, reaching $387.18. 40,880 shares of the stock were exchanged, compared to its average volume of 660,834. The company 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. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01. Motorola Solutions, Inc. has a twelve month low of $269.64 and a twelve month high of $391.65. The business’s 50-day moving average price is $366.44 and its 200 day moving average price is $342.78.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.27 by $0.29. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. On average, sell-side analysts expect that Motorola Solutions, Inc. will post 12.07 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, June 14th. Motorola Solutions’s dividend payout ratio (DPR) is 48.45%.

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.