Marcum Wealth LLC Has $557,000 Position in Motorola Solutions, Inc. (NYSE:MSI)

Marcum Wealth LLC lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 15.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,443 shares of the communications equipment provider’s stock after selling 263 shares during the period. Marcum Wealth LLC’s holdings in Motorola Solutions were worth $557,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Capital World Investors boosted its stake in shares of Motorola Solutions by 0.4% during the 4th quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock valued at $3,812,424,000 after buying an additional 44,279 shares during the period. Raymond James & Associates boosted its stake in shares of Motorola Solutions by 3.8% during the 1st quarter. Raymond James & Associates now owns 2,237,587 shares of the communications equipment provider’s stock valued at $794,299,000 after buying an additional 81,990 shares during the period. Norges Bank acquired a new stake in shares of Motorola Solutions during the 4th quarter valued at $646,341,000. Alphinity Investment Management Pty Ltd boosted its stake in shares of Motorola Solutions by 36.5% during the 1st quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock valued at $524,929,000 after buying an additional 395,096 shares during the period. Finally, TD Asset Management Inc lifted its stake in shares of Motorola Solutions by 19.7% in the 4th quarter. TD Asset Management Inc now owns 917,734 shares of the communications equipment provider’s stock valued at $287,333,000 after purchasing an additional 151,007 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MSI. Barclays lifted their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America lifted their price objective on shares of Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Motorola Solutions from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. Seven analysts have rated the stock with a buy rating, According to MarketBeat, Motorola Solutions presently has an average rating of “Buy” and a consensus target price of $426.40.

Insider Transactions at Motorola Solutions

In other news, SVP James A. Niewiara sold 810 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $358.09, for a total transaction of $290,052.90. Following the transaction, the senior vice president now owns 12,986 shares in the company, valued at approximately $4,650,156.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Katherine A. Maher sold 2,615 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total value of $927,488.20. Following the sale, the chief accounting officer now owns 1,138 shares of the company’s stock, valued at $403,625.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP James A. Niewiara sold 810 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $358.09, for a total transaction of $290,052.90. Following the completion of the sale, the senior vice president now directly owns 12,986 shares in the company, valued at approximately $4,650,156.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,389 shares of company stock worth $3,446,461. 1.50% of the stock is currently owned by company insiders.

Motorola Solutions Stock Performance

MSI traded down $10.45 during trading on Monday, hitting $399.85. The stock had a trading volume of 1,407,877 shares, compared to its average volume of 663,082. The firm has a market cap of $66.69 billion, a PE ratio of 49.43, a P/E/G ratio of 3.48 and a beta of 0.94. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $410.77. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. The company has a 50 day simple moving average of $384.10 and a 200-day simple moving average of $356.35.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, topping the consensus estimate of $3.01 by $0.23. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 378.15%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.41 EPS. Analysts expect that Motorola Solutions, Inc. will post 12.09 EPS for the current year.

Motorola Solutions Announces Dividend

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

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.