Hartford Investment Management Co. Sells 174 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Hartford Investment Management Co. lowered its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,494 shares of the communications equipment provider’s stock after selling 174 shares during the period. Hartford Investment Management Co.’s holdings in Motorola Solutions were worth $4,718,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ raised its position in shares of Motorola Solutions by 32.9% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock valued at $138,210,000 after purchasing an additional 88,603 shares during the period. Magnolia Capital Advisors LLC bought a new stake in Motorola Solutions during the 2nd quarter worth approximately $19,694,000. State Board of Administration of Florida Retirement System increased its holdings in Motorola Solutions by 8.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock worth $67,219,000 after acquiring an additional 15,488 shares during the period. First Foundation Advisors increased its holdings in Motorola Solutions by 37.7% during the 1st quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock worth $126,000 after acquiring an additional 97 shares during the period. Finally, Heritage Wealth Management Inc. bought a new stake in Motorola Solutions during the 2nd quarter worth approximately $790,000. Institutional investors own 84.17% of the company’s stock.

Insider Activity

In other news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the completion of the sale, the chief operating officer now owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MSI shares. Evercore ISI upped their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Barclays upped their target price on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Jefferies Financial Group upped their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $479.50.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $467.08 on Thursday. The company’s fifty day moving average price is $446.40 and its 200-day moving average price is $399.51. The firm has a market capitalization of $77.91 billion, a price-to-earnings ratio of 57.74, a PEG ratio of 4.07 and a beta of 0.97. Motorola Solutions, Inc. has a one year low of $271.73 and a one year high of $480.28. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the prior year, the firm earned $2.41 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities research analysts anticipate that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were paid a $0.98 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.84%. Motorola Solutions’s dividend payout ratio (DPR) is 48.45%.

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.