Hartford Investment Management Co. Reduces Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Hartford Investment Management Co. lowered its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,494 shares of the communications equipment provider’s stock after selling 174 shares during the quarter. Hartford Investment Management Co.’s holdings in Motorola Solutions were worth $4,718,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Greenleaf Trust boosted its position in Motorola Solutions by 0.8% during the 3rd quarter. Greenleaf Trust now owns 5,436 shares of the communications equipment provider’s stock valued at $2,444,000 after buying an additional 44 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in Motorola Solutions by 48.3% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 820 shares of the communications equipment provider’s stock valued at $369,000 after buying an additional 267 shares during the period. Meadow Creek Wealth Advisors LLC boosted its position in Motorola Solutions by 2.3% during the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 2,306 shares of the communications equipment provider’s stock valued at $1,037,000 after buying an additional 52 shares during the period. Accordant Advisory Group Inc boosted its position in Motorola Solutions by 52.5% during the 3rd quarter. Accordant Advisory Group Inc now owns 122 shares of the communications equipment provider’s stock valued at $55,000 after buying an additional 42 shares during the period. Finally, Symphony Financial Ltd. Co. purchased a new stake in Motorola Solutions during the 3rd quarter valued at $201,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

MSI has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. raised their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI raised their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Barclays raised their target price on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Bank of America raised their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $479.50.

Motorola Solutions Stock Down 0.7 %

Shares of Motorola Solutions stock opened at $467.08 on Thursday. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The company has a 50-day moving average of $446.40 and a 200 day moving average of $399.51. The firm has a market cap of $77.91 billion, a price-to-earnings ratio of 57.74, a PEG ratio of 4.07 and a beta of 0.97. Motorola Solutions, Inc. has a 1 year low of $271.73 and a 1 year high of $480.28.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.23. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. Motorola Solutions’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $2.41 EPS. As a group, sell-side analysts anticipate that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.84%. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the completion of the sale, the chief operating officer now directly owns 46,821 shares in the company, valued at approximately $19,079,557.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.

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.