Shell Asset Management Co. Sells 76 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Shell Asset Management Co. decreased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,835 shares of the communications equipment provider’s stock after selling 76 shares during the quarter. Shell Asset Management Co.’s holdings in Motorola Solutions were worth $651,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in Motorola Solutions in the 1st quarter valued at $28,000. Ossiam increased its stake in shares of Motorola Solutions by 568.9% in the first quarter. Ossiam now owns 46,454 shares of the communications equipment provider’s stock worth $16,490,000 after purchasing an additional 39,509 shares during the period. Natixis increased its stake in shares of Motorola Solutions by 226.5% in the first quarter. Natixis now owns 94,534 shares of the communications equipment provider’s stock worth $33,558,000 after purchasing an additional 65,582 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in shares of Motorola Solutions by 15.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 163,812 shares of the communications equipment provider’s stock worth $58,157,000 after purchasing an additional 21,757 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in Motorola Solutions by 97.8% in the 1st quarter. National Bank of Canada FI now owns 94,963 shares of the communications equipment provider’s stock valued at $34,450,000 after buying an additional 46,965 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Bank of America raised their price target on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft increased 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. Finally, 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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Motorola Solutions has an average rating of “Moderate Buy” and an average price target of $374.57.

Insider Buying and Selling

In other Motorola Solutions news, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the completion of the transaction, the senior vice president now owns 8,939 shares in the company, valued at approximately $3,341,487.59. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Kenneth D. Denman sold 690 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $373.11, for a total transaction of $257,445.90. Following the transaction, the director now directly owns 8,141 shares in the company, valued at $3,037,488.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Rajan Naik sold 5,274 shares of the firm’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 completion of the sale, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. The disclosure for this sale can be found here. Insiders have sold a total of 9,389 shares of company stock worth $3,446,461 in the last three months. Insiders own 1.50% of the company’s stock.

Motorola Solutions Price Performance

NYSE:MSI traded up $7.23 during trading hours on Friday, reaching $392.88. The company had a trading volume of 71,860 shares, compared to its average volume of 652,663. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 11.16. The stock has a 50-day moving average of $380.35 and a two-hundred day moving average of $352.28. Motorola Solutions, Inc. has a one year low of $269.64 and a one year high of $399.62. The firm has a market capitalization of $65.53 billion, a PE ratio of 47.66, a PEG ratio of 3.42 and a beta of 0.94.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.29. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. Analysts forecast that Motorola Solutions, Inc. will post 12.07 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 14th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, June 14th. Motorola Solutions’s payout ratio is currently 48.45%.

About Motorola Solutions

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.