Mutual of America Capital Management LLC Sells 1,113 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Mutual of America Capital Management LLC lessened its stake in Motorola Solutions, Inc. (NYSE:MSI) by 4.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,718 shares of the communications equipment provider’s stock after selling 1,113 shares during the period. Mutual of America Capital Management LLC’s holdings in Motorola Solutions were worth $8,064,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MSI. DekaBank Deutsche Girozentrale boosted its holdings in Motorola Solutions by 2.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 839,123 shares of the communications equipment provider’s stock valued at $260,204,000 after acquiring an additional 17,807 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Motorola Solutions by 15.6% during the fourth quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock worth $7,589,000 after buying an additional 3,278 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Motorola Solutions by 29.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock worth $6,273,000 after buying an additional 4,594 shares during the last quarter. Capital International Sarl lifted its holdings in Motorola Solutions by 13.8% in the fourth quarter. Capital International Sarl now owns 57,227 shares of the communications equipment provider’s stock valued at $17,917,000 after buying an additional 6,918 shares during the period. Finally, Bank of Nova Scotia boosted its position in Motorola Solutions by 430.5% during the fourth quarter. Bank of Nova Scotia now owns 90,543 shares of the communications equipment provider’s stock valued at $28,347,000 after acquiring an additional 73,477 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MSI shares. 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 assumed coverage on Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, Barclays lifted their price objective on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $358.86.

Motorola Solutions Stock Up 1.0 %

Shares of NYSE:MSI traded up $3.70 during trading on Monday, reaching $390.57. 696,525 shares of the stock were exchanged, compared to its average volume of 664,368. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $391.65. The stock has a fifty day moving average of $370.48 and a two-hundred day moving average of $345.44. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01. The firm has a market cap of $65.15 billion, a price-to-earnings ratio of 48.28, a price-to-earnings-growth ratio of 3.38 and a beta of 0.94.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share for the quarter, topping 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 firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.34 billion. Research analysts anticipate that Motorola Solutions, Inc. will post 12.07 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a yield of 1.00%. Motorola Solutions’s dividend payout ratio (DPR) is currently 48.45%.

Insiders Place Their Bets

In other news, Director Kenneth D. Denman sold 690 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $373.11, for a total value of $257,445.90. Following the transaction, the director now owns 8,141 shares in the company, valued at $3,037,488.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 shares were sold at an average price of $373.81, for a total value of $1,971,473.94. Following the completion of the sale, the senior vice president now directly 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth D. Denman sold 690 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $373.11, for a total transaction of $257,445.90. Following the completion of the sale, the director now owns 8,141 shares of the company’s stock, valued at approximately $3,037,488.51. The disclosure for this sale can be found here. In the last ninety days, 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 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.