DT Investment Partners LLC Trims Position in Motorola Solutions, Inc. (NYSE:MSI)

DT Investment Partners LLC lessened its stake in Motorola Solutions, Inc. (NYSE:MSI) by 10.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 643 shares of the communications equipment provider’s stock after selling 75 shares during the period. DT Investment Partners LLC’s holdings in Motorola Solutions were worth $282,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC increased its stake in Motorola Solutions by 3.2% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 935 shares of the communications equipment provider’s stock worth $409,000 after buying an additional 29 shares during the period. Bryce Point Capital LLC purchased a new position in Motorola Solutions in the 4th quarter worth about $518,000. Oppenheimer & Co. Inc. increased its stake in Motorola Solutions by 228.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 8,367 shares of the communications equipment provider’s stock worth $3,663,000 after buying an additional 5,823 shares during the period. Perennial Investment Advisors LLC increased its stake in Motorola Solutions by 14.4% in the 4th quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider’s stock worth $383,000 after buying an additional 104 shares during the period. Finally, Sowell Financial Services LLC purchased a new position in Motorola Solutions in the 1st quarter worth about $874,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.5%

Shares of Motorola Solutions stock opened at $424.55 on Friday. The firm’s 50 day moving average price is $417.48 and its 200-day moving average price is $434.13. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42. Motorola Solutions, Inc. has a 52-week low of $384.51 and a 52-week high of $507.82. The company has a market cap of $70.87 billion, a P/E ratio of 35.44, a PEG ratio of 3.66 and a beta of 0.95.

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

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions’s payout ratio is currently 36.39%.

Insider Activity

In other news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the transaction, the chief accounting officer owned 804 shares of the company’s stock, valued at $336,618.72. The trade was a 57.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.44% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Motorola Solutions Company 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.