Shelton Capital Management Sells 4,600 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Shelton Capital Management trimmed its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 81.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,074 shares of the communications equipment provider’s stock after selling 4,600 shares during the period. Shelton Capital Management’s holdings in Motorola Solutions were worth $315,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Motorola Solutions during the 2nd quarter worth approximately $1,075,000. Cary Street Partners Investment Advisory LLC increased its stake in shares of Motorola Solutions by 10,100.0% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 612 shares of the communications equipment provider’s stock worth $179,000 after acquiring an additional 606 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Motorola Solutions by 0.7% during the second quarter. Private Advisor Group LLC now owns 7,837 shares of the communications equipment provider’s stock valued at $2,288,000 after purchasing an additional 56 shares during the last quarter. Moors & Cabot Inc. raised its stake in Motorola Solutions by 48.6% during the second quarter. Moors & Cabot Inc. now owns 2,607 shares of the communications equipment provider’s stock valued at $765,000 after buying an additional 853 shares during the last quarter. Finally, Checchi Capital Advisers LLC lifted its position in Motorola Solutions by 35.8% during the second quarter. Checchi Capital Advisers LLC now owns 2,545 shares of the communications equipment provider’s stock valued at $746,000 after purchasing an additional 671 shares during the period. 82.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on MSI. Morgan Stanley raised their price target on Motorola Solutions from $290.00 to $300.00 and gave the company an “equal weight” rating in a report on Friday, August 4th. Raymond James boosted their target price on shares of Motorola Solutions from $315.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Bank of America initiated coverage on shares of Motorola Solutions in a research note on Monday, October 9th. They issued a “buy” rating and a $330.00 price target on the stock. JPMorgan Chase & Co. decreased their target price on Motorola Solutions from $320.00 to $311.00 and set an “overweight” rating on the stock in a research report on Monday, August 7th. Finally, Barclays cut their price target on Motorola Solutions from $329.00 to $322.00 and set an “overweight” rating for the company in a report on Friday, August 4th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $312.57.

Motorola Solutions Stock Performance

NYSE MSI opened at $319.43 on Tuesday. The company has a market cap of $53.03 billion, a P/E ratio of 32.30, a P/E/G ratio of 3.02 and a beta of 0.91. The business’s 50 day moving average price is $287.72 and its 200-day moving average price is $286.38. Motorola Solutions, Inc. has a fifty-two week low of $251.00 and a fifty-two week high of $320.13. The company has a debt-to-equity ratio of 12.51, a quick ratio of 0.77 and a current ratio of 0.95.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, November 2nd. The communications equipment provider reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.03 by $0.16. Motorola Solutions had a net margin of 17.30% and a return on equity of 668.00%. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the firm posted $2.79 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Sell-side analysts predict that Motorola Solutions, Inc. will post 10.61 earnings per share for the current year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 1.23%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, December 14th. Motorola Solutions’s dividend payout ratio is presently 35.59%.

Insider Buying and Selling

In other Motorola Solutions news, SVP Cynthia Yazdi sold 5,850 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $306.00, for a total value of $1,790,100.00. Following the sale, the senior vice president now owns 3,780 shares in the company, valued at $1,156,680. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Cynthia Yazdi sold 5,850 shares of Motorola Solutions stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $306.00, for a total transaction of $1,790,100.00. Following the completion of the sale, the senior vice president now owns 3,780 shares in the company, valued at approximately $1,156,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason J. Winkler sold 5,656 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $305.29, for a total transaction of $1,726,720.24. Following the completion of the transaction, the chief financial officer now owns 6,732 shares in the company, valued at $2,055,212.28. The disclosure for this sale can be found here. In the last three months, insiders sold 76,506 shares of company stock valued at $23,359,370. 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.