Summit Trail Advisors LLC Lowers Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Summit Trail Advisors LLC trimmed its position in Motorola Solutions, Inc. (NYSE:MSI) by 24.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,587 shares of the communications equipment provider’s stock after selling 519 shares during the period. Summit Trail Advisors LLC’s holdings in Motorola Solutions were worth $614,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MSI. Skandinaviska Enskilda Banken AB publ boosted its stake in Motorola Solutions by 32.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock valued at $138,210,000 after buying an additional 88,603 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Motorola Solutions by 8.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock worth $67,219,000 after purchasing an additional 15,488 shares during the last quarter. Corient Private Wealth LLC raised its stake in Motorola Solutions by 15.6% in the fourth quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock valued at $7,589,000 after purchasing an additional 3,278 shares in the last quarter. First Foundation Advisors raised its stake in Motorola Solutions by 37.7% in the first quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock valued at $126,000 after purchasing an additional 97 shares in the last quarter. Finally, BDF Gestion bought a new stake in Motorola Solutions during the second quarter valued at approximately $7,377,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock opened at $442.57 on Monday. The stock has a market capitalization of $73.82 billion, a P/E ratio of 54.71, a price-to-earnings-growth ratio of 3.80 and a beta of 0.97. Motorola Solutions, Inc. has a one year low of $269.64 and a one year high of $448.98. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The business’s 50 day simple moving average is $418.74 and its two-hundred day simple moving average is $381.46.

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

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is currently 48.45%.

Analysts Set New Price Targets

MSI has been the topic of several research reports. Evercore ISI raised their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Barclays raised their price target on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Bank of America raised their price objective on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Jefferies Financial Group upped their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $466.17.

Insider Transactions at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the completion of the transaction, the chief operating officer now owns 46,821 shares in the company, valued at $19,079,557.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

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.