Motorola Solutions Inc (NYSE:MSI) Stake Lowered by SNS Financial Group LLC

SNS Financial Group LLC cut its stake in Motorola Solutions Inc (NYSE:MSI) by 1.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,056 shares of the communications equipment provider’s stock after selling 153 shares during the quarter. SNS Financial Group LLC’s holdings in Motorola Solutions were worth $1,693,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in Motorola Solutions during the 1st quarter worth approximately $28,000. Institutional & Family Asset Management LLC increased its stake in Motorola Solutions by 100.0% during the 1st quarter. Institutional & Family Asset Management LLC now owns 200 shares of the communications equipment provider’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in Motorola Solutions during the 1st quarter worth approximately $36,000. Berman Capital Advisors LLC increased its stake in Motorola Solutions by 60.2% during the 1st quarter. Berman Capital Advisors LLC now owns 274 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 103 shares in the last quarter. Finally, Liberty Wealth Management LLC bought a new stake in Motorola Solutions during the 4th quarter worth approximately $32,000. 85.91% of the stock is owned by institutional investors.

Motorola Solutions stock traded up $0.09 during mid-day trading on Friday, hitting $160.04. 10,602 shares of the company’s stock traded hands, compared to its average volume of 1,031,010. Motorola Solutions Inc has a fifty-two week low of $108.25 and a fifty-two week high of $164.27. The company has a market capitalization of $26.58 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 2.85 and a beta of 0.52.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.20. Motorola Solutions had a negative return on equity of 91.61% and a net margin of 13.29%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the firm posted $1.10 EPS. The company’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, sell-side analysts expect that Motorola Solutions Inc will post 7.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, June 13th. Motorola Solutions’s dividend payout ratio is 33.38%.

In other Motorola Solutions news, CAO Daniel G. Pekofske sold 4,785 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $143.03, for a total transaction of $684,398.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark S. Hacker sold 54,712 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $140.75, for a total value of $7,700,714.00. The disclosure for this sale can be found here. Insiders have sold a total of 298,211 shares of company stock valued at $46,467,434 in the last ninety days. Insiders own 2.99% of the company’s stock.

A number of research firms recently issued reports on MSI. Zacks Investment Research cut Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. TheStreet raised Motorola Solutions from a “c+” rating to a “b-” rating in a research note on Tuesday, February 26th. MKM Partners increased their target price on Motorola Solutions to $143.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th. Deutsche Bank increased their target price on Motorola Solutions from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Finally, Citigroup upped their price target on Motorola Solutions from $145.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. Motorola Solutions currently has an average rating of “Buy” and an average target price of $139.39.

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Motorola Solutions Company Profile

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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