Catalyst Capital Advisors LLC Lowers Position in Motorola Solutions, Inc. (NYSE:MSI)

Catalyst Capital Advisors LLC trimmed its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,982 shares of the communications equipment provider’s stock after selling 223 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Motorola Solutions were worth $4,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. ORG Wealth Partners LLC boosted its position in shares of Motorola Solutions by 346.2% during the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider’s stock valued at $25,000 after acquiring an additional 45 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Motorola Solutions in the fourth quarter valued at approximately $30,000. Meeder Asset Management Inc. bought a new stake in Motorola Solutions during the fourth quarter valued at approximately $32,000. Community Bank N.A. purchased a new position in Motorola Solutions in the 1st quarter worth approximately $32,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Motorola Solutions in the 4th quarter worth $34,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of the firm’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the completion of the sale, the chief accounting officer directly owned 804 shares of the company’s stock, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.44% of the company’s stock.

Wall Street Analyst Weigh In

MSI has been the subject of several research reports. Barclays cut their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. cut their price objective on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. William Blair reiterated an “outperform” rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Finally, Wall Street Zen downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $513.25.

Motorola Solutions Trading Up 0.5%

Shares of MSI opened at $424.55 on Friday. The stock has a market capitalization of $70.87 billion, a P/E ratio of 35.44, a PEG ratio of 3.63 and a beta of 0.95. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42. The firm has a fifty day simple moving average of $417.60 and a two-hundred day simple moving average of $434.38. Motorola Solutions, Inc. has a twelve month low of $384.51 and a twelve month high of $507.82.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the firm earned $2.81 earnings per share. Motorola Solutions’s quarterly revenue was up 5.8% on a year-over-year basis. On average, research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions’s dividend payout ratio (DPR) is currently 36.39%.

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.