Coastline Trust Co Cuts Stake in Motorola Solutions, Inc. $MSI

Coastline Trust Co lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 49.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,040 shares of the communications equipment provider’s stock after selling 3,000 shares during the period. Coastline Trust Co’s holdings in Motorola Solutions were worth $1,165,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Trust Co of the South bought a new position in Motorola Solutions during the fourth quarter valued at $319,000. Insight Wealth Strategies LLC raised its stake in shares of Motorola Solutions by 4.9% in the fourth quarter. Insight Wealth Strategies LLC now owns 11,253 shares of the communications equipment provider’s stock valued at $4,314,000 after buying an additional 521 shares during the period. Allworth Financial LP lifted its position in shares of Motorola Solutions by 12.5% during the 3rd quarter. Allworth Financial LP now owns 3,928 shares of the communications equipment provider’s stock valued at $1,796,000 after buying an additional 435 shares during the last quarter. Swiss Life Asset Management Ltd lifted its position in shares of Motorola Solutions by 48.5% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 31,379 shares of the communications equipment provider’s stock valued at $14,349,000 after buying an additional 10,253 shares during the last quarter. Finally, Groupama Asset Managment grew its stake in shares of Motorola Solutions by 0.3% during the 3rd quarter. Groupama Asset Managment now owns 428,732 shares of the communications equipment provider’s stock worth $196,055,000 after acquiring an additional 1,299 shares during the period. Institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Barclays raised their target price on Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Weiss Ratings raised Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Morgan Stanley reissued an “overweight” rating and issued a $470.00 price target on shares of Motorola Solutions in a report on Thursday, February 12th. Finally, Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $497.14.

Insider Activity

In other news, Director Kenneth D. Denman sold 434 shares of Motorola Solutions stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $470.12, for a total value of $204,032.08. Following the transaction, the director owned 7,153 shares in the company, valued at approximately $3,362,768.36. The trade was a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory Q. Brown sold 50,000 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total value of $23,404,500.00. Following the completion of the sale, the chief executive officer directly owned 47,167 shares of the company’s stock, valued at approximately $22,078,401.03. This trade represents a 51.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 129,069 shares of company stock valued at $60,779,964. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Price Performance

MSI opened at $460.12 on Friday. The stock has a market capitalization of $76.22 billion, a P/E ratio of 36.06, a PEG ratio of 3.27 and a beta of 0.96. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The stock has a 50-day moving average price of $436.10 and a 200-day moving average price of $423.32.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $0.24. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same quarter in the prior year, the firm earned $4.04 earnings per share. Motorola Solutions’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be paid a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 20th. Motorola Solutions’s dividend payout ratio (DPR) is 37.93%.

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.