Motorola Solutions, Inc. (MSI) Position Cut by Reliance Trust Co. of Delaware

Reliance Trust Co. of Delaware reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,956 shares of the communications equipment provider’s stock after selling 195 shares during the period. Reliance Trust Co. of Delaware’s holdings in Motorola Solutions were worth $1,037,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Korea Investment CORP increased its stake in Motorola Solutions by 313.8% in the first quarter. Korea Investment CORP now owns 122,376 shares of the communications equipment provider’s stock worth $10,551,000 after buying an additional 92,799 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Motorola Solutions during the fourth quarter worth approximately $445,000. Acadian Asset Management LLC increased its stake in Motorola Solutions by 668.2% in the first quarter. Acadian Asset Management LLC now owns 124,793 shares of the communications equipment provider’s stock worth $10,759,000 after buying an additional 108,549 shares during the period. First Foundation Advisors increased its stake in Motorola Solutions by 56.2% in the first quarter. First Foundation Advisors now owns 14,192 shares of the communications equipment provider’s stock worth $1,224,000 after buying an additional 5,107 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in Motorola Solutions by 124.8% in the first quarter. State of Alaska Department of Revenue now owns 16,775 shares of the communications equipment provider’s stock worth $1,445,000 after buying an additional 9,312 shares during the period. 87.29% of the stock is owned by institutional investors.

Motorola Solutions, Inc. (NYSE:MSI) opened at 91.01 on Monday. The firm has a market cap of $14.88 billion, a P/E ratio of 25.16 and a beta of 0.31. Motorola Solutions, Inc. has a 1-year low of $68.36 and a 1-year high of $92.67. The stock’s 50 day moving average price is $87.88 and its 200 day moving average price is $84.09.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, May 4th. The communications equipment provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.14. Motorola Solutions had a net margin of 10.10% and a negative return on equity of 102.32%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the business earned $0.52 EPS. Motorola Solutions’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts predict that Motorola Solutions, Inc. will post $5.20 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, June 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.07%. Motorola Solutions’s dividend payout ratio (DPR) is currently 51.93%.

A number of equities research analysts have commented on MSI shares. BidaskClub raised Motorola Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Cowen and Company reduced their target price on Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating for the company in a report on Friday, May 5th. BMO Capital Markets reissued a “buy” rating on shares of Motorola Solutions in a report on Friday, June 23rd. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Credit Suisse Group raised their target price on Motorola Solutions from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Motorola Solutions presently has a consensus rating of “Buy” and an average price target of $90.92.

About Motorola Solutions

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions, Inc. (NYSE:MSI).