Patton Fund Management Inc. Decreases Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Patton Fund Management Inc. reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 22.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,366 shares of the communications equipment provider’s stock after selling 3,367 shares during the quarter. Motorola Solutions makes up 1.2% of Patton Fund Management Inc.’s holdings, making the stock its 24th largest position. Patton Fund Management Inc.’s holdings in Motorola Solutions were worth $4,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the stock. First Command Advisory Services Inc. purchased a new stake in Motorola Solutions in the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. purchased a new stake in Motorola Solutions in the fourth quarter valued at about $30,000. Meeder Asset Management Inc. purchased a new stake in Motorola Solutions in the fourth quarter valued at about $32,000. Fourth Dimension Wealth LLC purchased a new stake in Motorola Solutions in the fourth quarter valued at about $34,000. Finally, Sierra Ocean LLC purchased a new stake in Motorola Solutions in the fourth quarter valued at about $35,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Stock Down 0.3%

Motorola Solutions stock opened at $407.07 on Tuesday. The firm has a market cap of $67.95 billion, a price-to-earnings ratio of 44.15, a price-to-earnings-growth ratio of 3.82 and a beta of 0.96. Motorola Solutions, Inc. has a 52 week low of $375.82 and a 52 week high of $507.82. The business’s 50-day moving average price is $419.20 and its 200 day moving average price is $439.92. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30.

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

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 1.07%. The ex-dividend date is Friday, June 13th. Motorola Solutions’s payout ratio is currently 36.39%.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total value of $449,243.64. Following the sale, the chief accounting officer now directly owns 804 shares of the company’s stock, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.44% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on MSI. Wall Street Zen cut Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. William Blair reiterated an “outperform” rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. JPMorgan Chase & Co. cut their price objective on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Finally, Barclays cut their price objective on Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $513.25.

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.