WealthShield Partners LLC Sells 6,177 Shares of Motorola Solutions, Inc. $MSI

WealthShield Partners LLC trimmed its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 54.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,082 shares of the communications equipment provider’s stock after selling 6,177 shares during the period. WealthShield Partners LLC’s holdings in Motorola Solutions were worth $2,137,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Signature Resources Capital Management LLC purchased a new stake in Motorola Solutions in the second quarter worth approximately $25,000. Saudi Central Bank purchased a new stake in Motorola Solutions during the first quarter valued at $29,000. Whipplewood Advisors LLC lifted its holdings in Motorola Solutions by 289.5% in the second quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after acquiring an additional 55 shares during the period. Rossby Financial LCC boosted its position in Motorola Solutions by 148.6% in the second quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after purchasing an additional 52 shares during the last quarter. Finally, Cape Investment Advisory Inc. increased its position in shares of Motorola Solutions by 3,300.0% during the 1st quarter. Cape Investment Advisory Inc. now owns 102 shares of the communications equipment provider’s stock valued at $45,000 after purchasing an additional 99 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Price Performance

NYSE:MSI opened at $379.44 on Friday. The business has a 50 day simple moving average of $443.80 and a 200-day simple moving average of $435.15. Motorola Solutions, Inc. has a 1 year low of $376.74 and a 1 year high of $503.62. The firm has a market capitalization of $63.20 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 3.46 and a beta of 0.96. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.73 and a quick ratio of 1.54.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, beating the consensus estimate of $3.85 by $0.21. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm posted $3.74 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were issued a dividend of $0.0109 per share. The ex-dividend date was Monday, September 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. Motorola Solutions’s dividend payout ratio (DPR) is presently 34.99%.

Insider Activity at Motorola Solutions

In other news, SVP James A. Niewiara sold 1,700 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total transaction of $825,231.00. Following the transaction, the senior vice president owned 14,542 shares in the company, valued at approximately $7,059,123.06. This trade represents a 10.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John P. Molloy sold 37,514 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $462.38, for a total transaction of $17,345,723.32. Following the completion of the sale, the chief operating officer directly owned 59,328 shares of the company’s stock, valued at approximately $27,432,080.64. This trade represents a 38.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 148,128 shares of company stock valued at $70,431,641 in the last quarter. Corporate insiders own 1.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays reduced their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Piper Sandler restated a “neutral” rating and issued a $465.00 price objective (down from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Evercore ISI upped their price target on Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings restated a “buy (b)” rating on shares of Motorola Solutions in a research report on Wednesday, October 8th. Finally, UBS Group boosted their price target on shares of Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $506.43.

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.