Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Cerity Partners LLC

Cerity Partners LLC reduced its position in Motorola Solutions, Inc. (NYSE:MSI) by 4.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,525 shares of the communications equipment provider’s stock after selling 791 shares during the quarter. Cerity Partners LLC’s holdings in Motorola Solutions were worth $7,235,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Allworth Financial LP grew its position in Motorola Solutions by 7.1% in the 1st quarter. Allworth Financial LP now owns 1,545 shares of the communications equipment provider’s stock valued at $662,000 after acquiring an additional 102 shares in the last quarter. Parr Mcknight Wealth Management Group LLC grew its position in shares of Motorola Solutions by 0.9% during the first quarter. Parr Mcknight Wealth Management Group LLC now owns 5,960 shares of the communications equipment provider’s stock worth $2,609,000 after buying an additional 54 shares in the last quarter. Rehmann Capital Advisory Group grew its position in shares of Motorola Solutions by 11.6% during the first quarter. Rehmann Capital Advisory Group now owns 3,116 shares of the communications equipment provider’s stock worth $1,365,000 after buying an additional 324 shares in the last quarter. Harvey Capital Management Inc. acquired a new position in shares of Motorola Solutions during the first quarter worth about $578,000. Finally, Linden Thomas Advisory Services LLC grew its position in shares of Motorola Solutions by 5.5% during the first quarter. Linden Thomas Advisory Services LLC now owns 4,002 shares of the communications equipment provider’s stock worth $1,752,000 after buying an additional 208 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

Shares of MSI opened at $408.86 on Wednesday. The stock has a 50 day moving average price of $416.42 and a 200 day moving average price of $431.37. 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 company has a market capitalization of $68.25 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 3.56 and a beta of 0.95. Motorola Solutions, Inc. has a 52-week low of $385.17 and a 52-week high of $507.82.

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

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Friday, June 13th. Motorola Solutions’s dividend payout ratio is currently 36.39%.

Insiders Place Their Bets

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The stock was 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 owned 804 shares in the company, valued at approximately $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MSI shares. Wolfe Research started coverage on Motorola Solutions in a research report on Monday, July 7th. They set a “peer perform” rating for the company. William Blair reissued an “outperform” rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Barclays lowered their price objective on Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Wall Street Zen downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.