Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lowered its position in Motorola Solutions, Inc. (NYSE:MSI) by 3.9% during the first quarter, Holdings Channel.com reports. The fund owned 7,480 shares of the communications equipment provider’s stock after selling 300 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Motorola Solutions were worth $3,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. acquired a new position in Motorola Solutions in the fourth quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in Motorola Solutions in the fourth quarter valued at $30,000. Meeder Asset Management Inc. acquired a new position in Motorola Solutions in the fourth quarter valued at $32,000. Fourth Dimension Wealth LLC acquired a new position in shares of Motorola Solutions during the fourth quarter worth about $34,000. Finally, Sierra Ocean LLC acquired a new position in shares of Motorola Solutions during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.4%

Shares of NYSE MSI opened at $417.80 on Friday. Motorola Solutions, Inc. has a 1 year low of $369.91 and a 1 year high of $507.82. The firm has a market cap of $69.74 billion, a price-to-earnings ratio of 45.31, a PEG ratio of 3.82 and a beta of 0.96. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. The stock’s 50-day simple moving average is $419.32 and its 200-day simple moving average is $444.29.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.17. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company earned $2.81 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions’s payout ratio is 36.39%.

Analyst Ratings Changes

A number of research analysts have commented on MSI shares. Barclays reduced their price objective on Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Wall Street Zen cut Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Morgan Stanley boosted their price objective on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. reduced their price objective on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Finally, William Blair restated an “outperform” rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Motorola Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $513.25.

Insider Transactions at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the business’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $418.68, for a total value of $449,243.64. Following the completion of the sale, the chief accounting officer now directly owns 804 shares of the company’s stock, valued at $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.44% of the company’s stock.

Motorola Solutions 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.