Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,196 shares of the communications equipment provider’s stock after selling 802 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.06% of Motorola Solutions worth $33,083,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Private Wealth Management Group LLC bought a new position in shares of Motorola Solutions during the 4th quarter valued at about $29,000. Rise Advisors LLC acquired a new position in shares of Motorola Solutions in the first quarter worth about $29,000. Northwest Capital Management Inc boosted its holdings in shares of Motorola Solutions by 71.4% in the fourth quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 40 shares during the period. Motco boosted its holdings in shares of Motorola Solutions by 137.5% in the fourth quarter. Motco now owns 95 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 55 shares during the period. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of Motorola Solutions by 78.7% in the first quarter. Hexagon Capital Partners LLC now owns 84 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 37 shares during the period. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock traded down $0.72 during midday trading on Wednesday, hitting $390.00. The company had a trading volume of 214,801 shares, compared to its average volume of 660,717. The business’s 50 day simple moving average is $371.51 and its two-hundred day simple moving average is $346.01. The stock has a market cap of $65.05 billion, a PE ratio of 48.30, a P/E/G ratio of 3.42 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 1-year low of $269.64 and a 1-year high of $392.52.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 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 for the quarter, compared to the consensus estimate of $2.34 billion. As a group, equities analysts predict that Motorola Solutions, Inc. will post 12.07 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.92 annualized dividend and a yield of 1.01%. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Insiders Place Their Bets

In other news, Director Kenneth D. Denman sold 690 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was 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 in the company, valued at approximately $3,037,488.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Katherine A. Maher sold 2,615 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total transaction of $927,488.20. Following the completion of the transaction, the chief accounting officer now directly owns 1,138 shares in the company, valued at approximately $403,625.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth D. Denman sold 690 shares of the business’s 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 transaction, the director now owns 8,141 shares of the company’s stock, valued at $3,037,488.51. The disclosure for this sale can be found here. In the last three months, insiders sold 9,389 shares of company stock valued at $3,446,461. 1.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on MSI. Barclays raised their target price on shares of Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. increased their price target on shares of Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, June 3rd. Finally, Evercore ISI initiated coverage on shares of Motorola Solutions in a research report on Monday, March 25th. They issued an “outperform” rating and a $400.00 price target for the company. One equities research analyst has 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 an average target price of $358.86.

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.