American International Group Inc. Reduces Position in Motorola Solutions, Inc. (NYSE:MSI)

American International Group Inc. decreased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 44,937 shares of the communications equipment provider’s stock after selling 404 shares during the period. American International Group Inc.’s holdings in Motorola Solutions were worth $15,952,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. American Century Companies Inc. increased its position in shares of Motorola Solutions by 25.5% during the 3rd quarter. American Century Companies Inc. now owns 25,970 shares of the communications equipment provider’s stock valued at $7,070,000 after purchasing an additional 5,273 shares during the last quarter. Brookstone Capital Management purchased a new stake in shares of Motorola Solutions during the 4th quarter worth approximately $234,000. HB Wealth Management LLC lifted its stake in shares of Motorola Solutions by 14.0% in the 4th quarter. HB Wealth Management LLC now owns 4,027 shares of the communications equipment provider’s stock valued at $1,261,000 after purchasing an additional 494 shares during the last quarter. AustralianSuper Pty Ltd boosted its position in shares of Motorola Solutions by 71.7% during the fourth quarter. AustralianSuper Pty Ltd now owns 12,397 shares of the communications equipment provider’s stock valued at $3,881,000 after buying an additional 5,178 shares during the period. Finally, CVA Family Office LLC purchased a new stake in Motorola Solutions in the 4th quarter valued at about $143,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock traded up $1.53 during trading on Thursday, hitting $392.13. 268,157 shares of the company’s stock traded hands, compared to its average volume of 652,727. The company has a market cap of $65.41 billion, a PE ratio of 48.27, a PEG ratio of 3.47 and a beta of 0.94. The firm’s fifty day moving average price is $379.97 and its 200 day moving average price is $352.05. Motorola Solutions, Inc. has a twelve month low of $269.64 and a twelve month high of $399.62. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, beating the consensus estimate of $2.27 by $0.29. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Analysts forecast that Motorola Solutions, Inc. will post 12.07 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 14th were given a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, June 14th. Motorola Solutions’s payout ratio is 48.45%.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the sale, the senior vice president now owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 8,939 shares in the company, valued at $3,341,487.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth D. Denman sold 690 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $373.11, for a total transaction of $257,445.90. Following the completion of the transaction, the director now directly owns 8,141 shares in the company, valued at $3,037,488.51. The disclosure for this sale can be found here. Insiders sold 9,389 shares of company stock valued at $3,446,461 in the last quarter. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MSI shares. Deutsche Bank Aktiengesellschaft raised their price target on Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, June 3rd. Bank of America lifted their price objective on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Barclays lifted their price target on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $374.57.

Motorola Solutions Company 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.