Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC decreased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 2.3% in the fourth quarter, Holdings Channel reports. The fund owned 2,380 shares of the communications equipment provider’s stock after selling 57 shares during the period. NewEdge Wealth LLC’s holdings in Motorola Solutions were worth $745,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cornerstone Planning Group LLC acquired a new stake in Motorola Solutions in the 2nd quarter valued at about $33,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Motorola Solutions in the 4th quarter valued at about $36,000. Bruce G. Allen Investments LLC acquired a new stake in Motorola Solutions in the 4th quarter valued at about $38,000. Strategic Investment Solutions Inc. IL acquired a new stake in Motorola Solutions in the 1st quarter valued at about $35,000. Finally, PCA Investment Advisory Services Inc. acquired a new stake in Motorola Solutions in the 2nd quarter valued at about $39,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

NYSE:MSI opened at $339.94 on Wednesday. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.85 and a current ratio of 1.00. The stock has a market capitalization of $56.47 billion, a P/E ratio of 34.23, a PEG ratio of 3.13 and a beta of 0.90. The company has a 50 day moving average price of $338.52 and a 200 day moving average price of $318.75. Motorola Solutions, Inc. has a fifty-two week low of $269.64 and a fifty-two week high of $355.39.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.63 by $0.27. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Motorola Solutions had a net margin of 17.12% and a return on equity of 441.65%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $3.38 EPS. Equities research analysts forecast that Motorola Solutions, Inc. will post 11.74 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.15%. Motorola Solutions’s payout ratio is currently 39.48%.

Insider Buying and Selling

In related news, SVP Cynthia Yazdi sold 4,744 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the completion of the transaction, the senior vice president now owns 8,858 shares of the company’s stock, valued at approximately $2,961,229.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on MSI shares. JPMorgan Chase & Co. increased their price objective on shares of Motorola Solutions from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Barclays increased their price target on shares of Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Motorola Solutions in a research note on Friday, January 19th. They issued a “buy” rating and a $350.00 price target for the company. StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Finally, William Blair reissued an “outperform” rating on shares of Motorola Solutions in a research note on Friday, February 9th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $348.38.

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.