Chevy Chase Trust Holdings LLC Sells 3,136 Shares of Motorola Solutions, Inc. $MSI

Chevy Chase Trust Holdings LLC trimmed its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 85,841 shares of the communications equipment provider’s stock after selling 3,136 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Motorola Solutions were worth $39,254,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MSI. Clark Capital Management Group Inc. raised its stake in Motorola Solutions by 8.4% during the third quarter. Clark Capital Management Group Inc. now owns 708 shares of the communications equipment provider’s stock valued at $324,000 after buying an additional 55 shares during the last quarter. Ausdal Financial Partners Inc. purchased a new stake in shares of Motorola Solutions in the third quarter worth $327,000. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of Motorola Solutions by 14.4% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 20,552 shares of the communications equipment provider’s stock worth $9,392,000 after acquiring an additional 2,582 shares during the last quarter. Chilton Investment Co. Inc. bought a new position in shares of Motorola Solutions during the third quarter valued at $605,000. Finally, Bank of Nova Scotia increased its holdings in shares of Motorola Solutions by 28.4% during the third quarter. Bank of Nova Scotia now owns 136,400 shares of the communications equipment provider’s stock valued at $62,374,000 after acquiring an additional 30,157 shares in the last quarter. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Trading Up 2.3%

Motorola Solutions stock opened at $473.41 on Monday. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The business’s fifty day moving average is $429.21 and its 200 day moving average is $422.77. The stock has a market capitalization of $78.43 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 3.31 and a beta of 0.96. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.35 by $0.24. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.Motorola Solutions’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.04 EPS. On average, sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 20th. Motorola Solutions’s payout ratio is presently 37.93%.

Insider Activity

In other Motorola Solutions news, Director Kenneth D. Denman sold 434 shares of Motorola Solutions stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $470.12, for a total value of $204,032.08. Following the completion of the sale, the director owned 7,153 shares of the company’s stock, valued at approximately $3,362,768.36. The trade was a 5.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Cynthia Yazdi sold 7,000 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the sale, the chief executive officer owned 9,529 shares of the company’s stock, valued at approximately $4,488,254.29. This represents a 42.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 129,069 shares of company stock valued at $60,779,964 over the last three months. Insiders own 1.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MSI shares. Barclays upped their price target on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a research note on Thursday, February 12th. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Monday, December 1st. Finally, Argus raised shares of Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $497.14.

Motorola Solutions Profile

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.