Citizens Business Bank Sells 682 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Citizens Business Bank cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 4.7% during the fourth quarter, Holdings Channel reports. The fund owned 13,803 shares of the communications equipment provider’s stock after selling 682 shares during the period. 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 large investors have also bought and sold shares of the business. Qube Research & Technologies Ltd boosted its stake in Motorola Solutions by 61.1% in the third 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 in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of 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 during the last quarter. Sherbrooke Park Advisers LLC raised its holdings in shares of Motorola Solutions by 224.3% in the third quarter. Sherbrooke Park Advisers LLC now owns 3,891 shares of the communications equipment provider’s stock valued at $1,059,000 after buying an additional 2,691 shares during the last quarter. Sei Investments Co. lifted its position in 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 buying an additional 6,671 shares in the last quarter. Finally, Diversified Trust Co grew its holdings in Motorola Solutions by 4.2% during the 4th quarter. Diversified Trust Co now owns 4,004 shares of the communications equipment provider’s stock worth $1,254,000 after acquiring an additional 162 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Cynthia Yazdi sold 4,744 shares of Motorola Solutions stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $334.30, for a total value of $1,585,919.20. Following the sale, the senior vice president now owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Motorola Solutions in a research note on Friday, January 19th. They issued a “buy” rating and a $350.00 target price for the company. Barclays upped their price target on Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. William Blair reaffirmed an “outperform” rating on shares of Motorola Solutions in a research note on Friday, February 9th. JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $348.38.

Motorola Solutions Stock Down 2.5 %

MSI stock traded down $8.54 during trading hours on Tuesday, reaching $339.15. 1,132,592 shares of the stock were exchanged, compared to its average volume of 641,179. The company has a market cap of $56.34 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 3.20 and a beta of 0.90. The firm’s 50-day moving average is $342.27 and its 200-day moving average is $322.86. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $355.39. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.00 and a quick ratio of 0.85.

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

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders 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 annualized dividend and a yield of 1.16%. Motorola Solutions’s payout ratio is currently 39.48%.

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.