Riverview Trust Co Acquires Shares of 445 Motorola Solutions, Inc. (NYSE:MSI)

Riverview Trust Co acquired a new stake in shares of Motorola Solutions, Inc. (NYSE:MSIFree Report) in the first quarter, HoldingsChannel.com reports. The firm acquired 445 shares of the communications equipment provider’s stock, valued at approximately $158,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital World Investors raised its holdings in shares of Motorola Solutions by 0.4% in the fourth quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock valued at $3,812,424,000 after buying an additional 44,279 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Motorola Solutions by 4.7% in the fourth quarter. Raymond James & Associates now owns 2,155,597 shares of the communications equipment provider’s stock valued at $674,896,000 after buying an additional 96,421 shares during the last quarter. Norges Bank bought a new position in shares of Motorola Solutions in the fourth quarter valued at about $646,341,000. JPMorgan Chase & Co. raised its holdings in shares of Motorola Solutions by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 1,605,900 shares of the communications equipment provider’s stock valued at $437,190,000 after buying an additional 36,061 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Motorola Solutions by 67.8% in the third quarter. Ameriprise Financial Inc. now owns 1,193,146 shares of the communications equipment provider’s stock valued at $324,614,000 after buying an additional 482,023 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Insider Transactions at Motorola Solutions

In other Motorola Solutions news, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,341,487.59. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Motorola Solutions news, Director Kenneth D. Denman sold 690 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $373.11, for a total value of $257,445.90. Following the sale, the director now owns 8,141 shares in the company, valued at approximately $3,037,488.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $373.81, for a total value of $1,971,473.94. Following the sale, the senior vice president now owns 8,939 shares in the company, valued at approximately $3,341,487.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,389 shares of company stock valued at $3,446,461. Corporate insiders own 1.26% of the company’s stock.

Motorola Solutions Stock Up 0.1 %

Shares of MSI stock traded up $0.22 during trading hours on Tuesday, hitting $388.38. 264,068 shares of the company were exchanged, compared to its average volume of 656,816. The company has a market capitalization of $64.78 billion, a PE ratio of 48.01, a PEG ratio of 3.38 and a beta of 0.96. Motorola Solutions, Inc. has a 52 week low of $269.64 and a 52 week high of $391.65. The business has a 50 day moving average of $361.88 and a two-hundred day moving average of $340.59. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16.

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

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.98 per share. The ex-dividend date is Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.01%. Motorola Solutions’s dividend payout ratio (DPR) is currently 48.45%.

Analysts Set New Price Targets

A number of brokerages recently commented on MSI. Barclays lifted their price objective on Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, June 3rd. Evercore ISI began coverage on Motorola Solutions in a research report on Monday, March 25th. They issued an “outperform” rating and a $400.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $358.86.

View Our Latest Analysis on MSI

Motorola Solutions Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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