Wetzel Investment Advisors Inc. Sells 67 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Wetzel Investment Advisors Inc. reduced its stake in Motorola Solutions, Inc. (NYSE:MSI) by 4.4% during the second quarter, HoldingsChannel.com reports. The fund owned 1,466 shares of the communications equipment provider’s stock after selling 67 shares during the quarter. Wetzel Investment Advisors Inc.’s holdings in Motorola Solutions were worth $520,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Beacon Capital Management LLC increased its position in Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares during the last quarter. Range Financial Group LLC raised its position in shares of Motorola Solutions by 2.0% during the 2nd quarter. Range Financial Group LLC now owns 1,424 shares of the communications equipment provider’s stock valued at $550,000 after buying an additional 28 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of Motorola Solutions by 2.5% in the 1st quarter. Pinnacle Associates Ltd. now owns 1,228 shares of the communications equipment provider’s stock valued at $436,000 after acquiring an additional 30 shares during the last quarter. Rehmann Capital Advisory Group grew its position in Motorola Solutions by 1.0% in the first quarter. Rehmann Capital Advisory Group now owns 2,910 shares of the communications equipment provider’s stock worth $1,033,000 after acquiring an additional 30 shares in the last quarter. Finally, Forum Financial Management LP increased its stake in Motorola Solutions by 2.3% during the second quarter. Forum Financial Management LP now owns 1,350 shares of the communications equipment provider’s stock worth $521,000 after acquiring an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Buying and Selling

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the transaction, the chief operating officer now owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO John P. Molloy sold 23,985 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the transaction, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the completion of the transaction, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MSI. JPMorgan Chase & Co. lifted their target price on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Evercore ISI raised 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. Barclays upped their price target on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group raised their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $466.17.

Motorola Solutions Price Performance

Motorola Solutions stock opened at $438.10 on Wednesday. The stock has a market cap of $73.09 billion, a price-to-earnings ratio of 54.15, a price-to-earnings-growth ratio of 3.76 and a beta of 0.97. The firm has a 50-day moving average of $410.57 and a two-hundred day moving average of $375.41. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $448.98. 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 announced its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. Motorola Solutions’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.41 earnings per share. On average, research analysts forecast that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.92 annualized dividend and a dividend yield of 0.89%. Motorola Solutions’s payout ratio is currently 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.