Northwestern Mutual Wealth Management Co. cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 27.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,202 shares of the communications equipment provider’s stock after selling 2,728 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Motorola Solutions were worth $2,991,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSI. Evelyn Partners Asset Management Ltd purchased a new position in shares of Motorola Solutions in the 1st quarter valued at about $1,052,000. Crestmont Private Wealth LLC purchased a new stake in shares of Motorola Solutions during the fourth quarter worth approximately $1,907,000. Janney Montgomery Scott LLC increased its stake in shares of Motorola Solutions by 11.4% during the first quarter. Janney Montgomery Scott LLC now owns 63,931 shares of the communications equipment provider’s stock worth $27,744,000 after buying an additional 6,564 shares during the period. Hsbc Holdings PLC raised its holdings in Motorola Solutions by 12.9% in the fourth quarter. Hsbc Holdings PLC now owns 591,086 shares of the communications equipment provider’s stock valued at $226,642,000 after acquiring an additional 67,467 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Motorola Solutions by 15.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 706,588 shares of the communications equipment provider’s stock worth $270,849,000 after acquiring an additional 96,751 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Trading Down 1.1%
NYSE MSI opened at $473.43 on Friday. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.10 and a quick ratio of 0.86. The firm’s fifty day moving average price is $443.82 and its 200 day moving average price is $437.01. The company has a market capitalization of $78.35 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 2.86 and a beta of 0.88. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $494.85.
Motorola Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 16th will be given a $1.21 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.0%. Motorola Solutions’s dividend payout ratio is 38.11%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. UBS Group boosted their price target on shares of Motorola Solutions from $510.00 to $520.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Evercore reaffirmed an “outperform” rating and set a $550.00 price objective on shares of Motorola Solutions in a research report on Wednesday, August 26th. Morgan Stanley reiterated an “overweight” rating and set a $476.00 target price on shares of Motorola Solutions in a research note on Thursday, August 6th. JPMorgan Chase & Co. lifted their price target on Motorola Solutions from $525.00 to $545.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $530.00 price objective on shares of Motorola Solutions in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $519.44.
Get Our Latest Stock Analysis on MSI
Insider Activity
In related news, SVP Kathryn Moore sold 1,004 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $476.96, for a total transaction of $478,867.84. Following the transaction, the senior vice president owned 1,282 shares in the company, valued at $611,462.72. This trade represents a 43.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.28% of the stock is currently owned by company insiders.
Motorola Solutions Profile
Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.
Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.
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