Wellington Management Group LLP Sells 277,997 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Wellington Management Group LLP trimmed its stake in Motorola Solutions, Inc. (NYSE:MSI) by 15.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,541,282 shares of the communications equipment provider’s stock after selling 277,997 shares during the period. Wellington Management Group LLP owned 0.93% of Motorola Solutions worth $482,560,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MSI. Private Wealth Management Group LLC bought a new position in shares of Motorola Solutions in the 4th quarter worth $29,000. Northwest Capital Management Inc increased its position in Motorola Solutions by 71.4% during the 4th quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock valued at $30,000 after buying an additional 40 shares in the last quarter. Motco increased its position in Motorola Solutions by 137.5% during the 4th quarter. Motco now owns 95 shares of the communications equipment provider’s stock valued at $30,000 after buying an additional 55 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in Motorola Solutions during the 4th quarter valued at about $36,000. Finally, Bruce G. Allen Investments LLC acquired a new position in Motorola Solutions during the 4th quarter valued at about $38,000. 84.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Katherine A. Maher sold 2,615 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total transaction of $927,488.20. Following the transaction, the chief accounting officer now owns 1,138 shares in the company, valued at $403,625.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Motorola Solutions news, CAO Katherine A. Maher sold 2,615 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total transaction of $927,488.20. Following the completion of the sale, the chief accounting officer now owns 1,138 shares of the company’s stock, valued at $403,625.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kenneth D. Denman sold 690 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $373.11, for a total value of $257,445.90. Following the sale, the director now directly owns 8,141 shares of the company’s stock, valued at approximately $3,037,488.51. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,115 shares of company stock worth $1,474,987. 1.26% of the stock is owned by corporate insiders.

Motorola Solutions Stock Performance

NYSE MSI opened at $375.41 on Monday. The company has a market cap of $62.62 billion, a PE ratio of 46.40, a price-to-earnings-growth ratio of 3.28 and a beta of 0.96. The stock’s 50 day simple moving average is $357.36 and its 200-day simple moving average is $338.01. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $381.60. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.29. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.34 billion. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. As a group, equities research analysts anticipate that Motorola Solutions, Inc. will post 12.07 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a yield of 1.04%. Motorola Solutions’s payout ratio is 48.45%.

Analyst Ratings Changes

MSI has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their target price on Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on Motorola Solutions from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. Barclays boosted their price target on Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Finally, Evercore ISI initiated coverage on Motorola Solutions in a research note on Monday, March 25th. They set an “outperform” rating and a $400.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $358.86.

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.