Trust Investment Advisors Cuts Stake in Motorola Solutions, Inc. (NYSE:MSI)

Trust Investment Advisors lessened its stake in Motorola Solutions, Inc. (NYSE:MSI) by 0.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,186 shares of the communications equipment provider’s stock after selling 25 shares during the quarter. Motorola Solutions makes up about 1.3% of Trust Investment Advisors’ investment portfolio, making the stock its 17th largest position. Trust Investment Advisors’ holdings in Motorola Solutions were worth $2,002,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ieq Capital LLC boosted its stake in Motorola Solutions by 10.9% during the second quarter. Ieq Capital LLC now owns 9,024 shares of the communications equipment provider’s stock valued at $3,483,000 after buying an additional 888 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of Motorola Solutions by 6.5% during the 2nd quarter. Brighton Jones LLC now owns 902 shares of the communications equipment provider’s stock worth $348,000 after acquiring an additional 55 shares in the last quarter. Resolute Capital Asset Partners LLC bought a new position in shares of Motorola Solutions during the 2nd quarter valued at approximately $3,860,000. XTX Topco Ltd grew its holdings in shares of Motorola Solutions by 5.8% in the second quarter. XTX Topco Ltd now owns 838 shares of the communications equipment provider’s stock valued at $324,000 after purchasing an additional 46 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Motorola Solutions by 7.1% in the second quarter. Hsbc Holdings PLC now owns 468,228 shares of the communications equipment provider’s stock valued at $181,284,000 after purchasing an additional 30,938 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MSI shares. Bank of America upped their price target on shares of Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Jefferies Financial Group lifted their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Evercore ISI boosted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Motorola Solutions has an average rating of “Buy” and an average target price of $466.17.

Insider Transactions at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the transaction, the chief operating officer now owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company’s stock.

Motorola Solutions Price Performance

MSI stock opened at $438.81 on Friday. The stock has a market cap of $73.19 billion, a PE ratio of 54.24, a P/E/G ratio of 3.80 and a beta of 0.97. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $448.98. The company has a 50-day moving average price of $417.69 and a 200 day moving average price of $380.06. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the previous year, the business earned $2.41 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, September 13th. Motorola Solutions’s dividend payout ratio is currently 48.45%.

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.