Bank of New York Mellon Corp Sells 139,451 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Bank of New York Mellon Corp cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 10.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,147,845 shares of the communications equipment provider’s stock after selling 139,451 shares during the period. Bank of New York Mellon Corp owned approximately 0.69% of Motorola Solutions worth $502,538,000 at the end of the most recent reporting period.

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

Insider Transactions at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the business’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $418.68, for a total value of $449,243.64. Following the sale, the chief accounting officer directly owned 804 shares in the company, valued at approximately $336,618.72. The trade was a 57.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.44% of the company’s stock.

Analysts Set New Price Targets

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

Motorola Solutions Stock Performance

Shares of MSI stock opened at $424.55 on Friday. The firm has a market cap of $70.87 billion, a price-to-earnings ratio of 35.44, a P/E/G ratio of 3.66 and a beta of 0.95. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.03 and a current ratio of 1.20. Motorola Solutions, Inc. has a 52 week low of $385.17 and a 52 week high of $507.82. The firm’s 50-day simple moving average is $417.48 and its two-hundred day simple moving average is $433.93.

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

Motorola Solutions Dividend Announcement

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

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.