First Hawaiian Bank Cuts Holdings in Motorola Solutions, Inc. (NYSE:MSI)

First Hawaiian Bank cut its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 6.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,051 shares of the communications equipment provider’s stock after selling 143 shares during the quarter. First Hawaiian Bank’s holdings in Motorola Solutions were worth $728,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital World Investors boosted its holdings in Motorola Solutions by 0.4% during the fourth quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock worth $3,812,424,000 after purchasing an additional 44,279 shares during the last quarter. Raymond James & Associates boosted its holdings in Motorola Solutions by 4.7% during the fourth quarter. Raymond James & Associates now owns 2,155,597 shares of the communications equipment provider’s stock worth $674,896,000 after purchasing an additional 96,421 shares during the last quarter. Norges Bank purchased a new position in Motorola Solutions in the fourth quarter valued at about $646,341,000. Northern Trust Corp boosted its stake in Motorola Solutions by 1.5% in the third quarter. Northern Trust Corp now owns 1,841,890 shares of the communications equipment provider’s stock valued at $501,436,000 after acquiring an additional 27,874 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Motorola Solutions by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 1,605,900 shares of the communications equipment provider’s stock valued at $437,190,000 after acquiring an additional 36,061 shares during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the sale, the senior vice president now owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP James A. Niewiara sold 810 shares of Motorola Solutions stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $358.09, for a total transaction of $290,052.90. Following the completion of the sale, the senior vice president now directly owns 12,986 shares of the company’s stock, valued at approximately $4,650,156.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the completion of the transaction, the senior vice president now owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,389 shares of company stock valued at $3,446,461. Company insiders own 1.50% of the company’s stock.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $384.65 on Friday. The stock has a market capitalization of $64.16 billion, a P/E ratio of 47.55, a PEG ratio of 3.35 and a beta of 0.96. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. The firm’s 50 day moving average is $360.03 and its 200 day moving average is $339.47. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $385.67.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.29. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. On average, sell-side analysts anticipate that Motorola Solutions, Inc. will post 12.07 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, June 14th. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

Analysts Set New Price Targets

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

Motorola Solutions 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.