Citizens Business Bank Cuts Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Citizens Business Bank decreased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,803 shares of the communications equipment provider’s stock after selling 682 shares during the quarter. Citizens Business Bank’s holdings in Motorola Solutions were worth $4,322,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MSI. Qube Research & Technologies Ltd increased its holdings in Motorola Solutions by 61.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 333,697 shares of the communications equipment provider’s stock worth $90,846,000 after purchasing an additional 126,517 shares during the period. DekaBank Deutsche Girozentrale raised its stake 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 buying an additional 17,807 shares in the last quarter. Sherbrooke Park Advisers LLC lifted its holdings in Motorola Solutions by 224.3% during the 3rd quarter. Sherbrooke Park Advisers LLC now owns 3,891 shares of the communications equipment provider’s stock worth $1,059,000 after buying an additional 2,691 shares during the last quarter. Sei Investments Co. boosted its position in shares of Motorola Solutions by 9.8% during the 3rd quarter. Sei Investments Co. now owns 74,767 shares of the communications equipment provider’s stock worth $20,353,000 after acquiring an additional 6,671 shares in the last quarter. Finally, Diversified Trust Co increased its holdings in shares of Motorola Solutions by 4.2% in the 4th quarter. Diversified Trust Co now owns 4,004 shares of the communications equipment provider’s stock valued at $1,254,000 after acquiring an additional 162 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Buying and Selling

In other news, SVP Cynthia Yazdi sold 4,744 shares of Motorola Solutions stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the completion of the sale, the senior vice president now directly owns 8,858 shares in the company, valued at approximately $2,961,229.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

Motorola Solutions Stock Performance

MSI traded down $8.54 during trading on Tuesday, hitting $339.15. The stock had a trading volume of 1,132,592 shares, compared to its average volume of 641,179. The firm has a market capitalization of $56.34 billion, a P/E ratio of 35.00, a PEG ratio of 3.20 and a beta of 0.90. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.85 and a current ratio of 1.00. Motorola Solutions, Inc. has a twelve month low of $269.64 and a twelve month high of $355.39. The company’s 50-day moving average price is $342.27 and its 200 day moving average price is $322.86.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.27. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.82 billion. Motorola Solutions had a net margin of 17.12% and a return on equity of 441.65%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.38 earnings per share. On average, equities research analysts forecast that Motorola Solutions, Inc. will post 11.74 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were paid a $0.98 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.16%. Motorola Solutions’s dividend payout ratio (DPR) is presently 39.48%.

Analyst Upgrades and Downgrades

MSI has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Motorola Solutions from $333.00 to $352.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. William Blair reissued an “outperform” rating on shares of Motorola Solutions in a research report on Friday, February 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Motorola Solutions in a research report on Friday, January 19th. They set a “buy” rating and a $350.00 target price on the stock. Finally, Evercore ISI assumed coverage on shares of Motorola Solutions in a research report on Monday, March 25th. They issued an “outperform” rating and a $400.00 price target for the company. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $348.38.

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.