McElhenny Sheffield Capital Management LLC Has $215,000 Stake in Motorola Solutions, Inc. (NYSE:MSI)

McElhenny Sheffield Capital Management LLC cut its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 16.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 478 shares of the communications equipment provider’s stock after selling 95 shares during the quarter. McElhenny Sheffield Capital Management LLC’s holdings in Motorola Solutions were worth $215,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Columbus Macro LLC raised its position in shares of Motorola Solutions by 4.7% in the 3rd quarter. Columbus Macro LLC now owns 2,446 shares of the communications equipment provider’s stock worth $1,120,000 after acquiring an additional 110 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Motorola Solutions by 12.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 412,667 shares of the communications equipment provider’s stock worth $185,548,000 after purchasing an additional 47,247 shares during the period. Vest Financial LLC increased its holdings in Motorola Solutions by 7.0% in the third quarter. Vest Financial LLC now owns 1,798 shares of the communications equipment provider’s stock worth $808,000 after purchasing an additional 118 shares in the last quarter. Chicago Capital LLC lifted its stake in Motorola Solutions by 411.6% in the third quarter. Chicago Capital LLC now owns 3,847 shares of the communications equipment provider’s stock valued at $1,730,000 after buying an additional 3,095 shares during the period. Finally, Friedenthal Financial acquired a new position in Motorola Solutions in the third quarter valued at approximately $50,000. Institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Motorola Solutions Stock Down 0.5 %

Motorola Solutions stock opened at $475.20 on Monday. The firm has a market capitalization of $79.26 billion, a price-to-earnings ratio of 58.74, a P/E/G ratio of 4.07 and a beta of 0.97. The firm has a 50 day simple moving average of $442.98 and a 200 day simple moving average of $397.30. Motorola Solutions, Inc. has a 1-year low of $271.73 and a 1-year high of $480.28. 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 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 company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.41 EPS. On average, analysts predict that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were issued a $0.98 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.92 annualized dividend and a dividend yield of 0.82%. Motorola Solutions’s payout ratio is currently 48.45%.

Insider Transactions at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at $19,079,557.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is owned by insiders.

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.