Motorola Solutions, Inc. (NYSE:MSI) Position Reduced by Litman Gregory Wealth Management LLC

Litman Gregory Wealth Management LLC trimmed its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,272 shares of the communications equipment provider’s stock after selling 1,329 shares during the quarter. Motorola Solutions makes up 1.2% of Litman Gregory Wealth Management LLC’s portfolio, making the stock its 20th biggest position. Litman Gregory Wealth Management LLC’s holdings in Motorola Solutions were worth $12,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in MSI. American Century Companies Inc. boosted its stake in Motorola Solutions by 11.6% during the 1st quarter. American Century Companies Inc. now owns 3,918 shares of the communications equipment provider’s stock valued at $949,000 after acquiring an additional 406 shares during the last quarter. Cibc World Market Inc. boosted its stake in Motorola Solutions by 3.1% during the 1st quarter. Cibc World Market Inc. now owns 11,087 shares of the communications equipment provider’s stock valued at $2,685,000 after acquiring an additional 329 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of Motorola Solutions by 8.8% in the 1st quarter. Moors & Cabot Inc. now owns 2,870 shares of the communications equipment provider’s stock worth $695,000 after buying an additional 231 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Motorola Solutions in the 1st quarter worth about $225,000. Finally, Baird Financial Group Inc. lifted its position in shares of Motorola Solutions by 7.3% in the 1st quarter. Baird Financial Group Inc. now owns 55,177 shares of the communications equipment provider’s stock worth $13,362,000 after buying an additional 3,741 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MSI shares. JPMorgan Chase & Co. raised their price target on shares of Motorola Solutions from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft began coverage on shares of Motorola Solutions in a research report on Friday, January 19th. They issued a “buy” rating and a $350.00 price target on the stock. StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Monday, February 12th. Evercore ISI began coverage on shares of Motorola Solutions in a report on Monday, March 25th. They issued an “outperform” rating and a $400.00 price objective on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of Motorola Solutions in a report on Friday, February 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $348.38.

Motorola Solutions Price Performance

Motorola Solutions stock traded up $0.19 during trading hours on Friday, hitting $339.65. 1,392,899 shares of the company traded hands, compared to its average volume of 626,022. The firm has a market cap of $56.42 billion, a P/E ratio of 34.20, a P/E/G ratio of 3.15 and a beta of 0.90. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 6.37. The firm’s 50-day simple moving average is $339.17 and its two-hundred day simple moving average is $319.50. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $355.39.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 EPS for the quarter, beating the consensus estimate of $3.63 by $0.27. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Motorola Solutions had a net margin of 17.12% and a return on equity of 441.65%. Motorola Solutions’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $3.38 EPS. As a group, analysts forecast that Motorola Solutions, Inc. will post 11.74 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a $0.98 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.92 annualized dividend and a dividend yield of 1.15%. Motorola Solutions’s dividend payout ratio is currently 39.48%.

Insider Transactions at Motorola Solutions

In other news, SVP Cynthia Yazdi sold 4,744 shares of Motorola Solutions stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $334.30, for a total value of $1,585,919.20. Following the transaction, the senior vice president now owns 8,858 shares of the company’s stock, valued at approximately $2,961,229.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

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.