Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 660,883 shares of the communications equipment provider's stock after selling 53,692 shares during the quarter. Bank of Montreal Can owned about 0.40% of Motorola Solutions worth $305,480,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MSI. Synergy Asset Management LLC purchased a new stake in shares of Motorola Solutions in the fourth quarter worth about $25,000. Crews Bank & Trust purchased a new stake in Motorola Solutions in the 4th quarter worth approximately $26,000. First Command Advisory Services Inc. acquired a new stake in shares of Motorola Solutions during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Motorola Solutions during the 4th quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Motorola Solutions in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 84.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MSI. StockNews.com lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday. Barclays dropped their target price on Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, Morgan Stanley increased their price target on Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Motorola Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $505.88.

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Motorola Solutions Price Performance

MSI stock traded up $6.74 during trading on Friday, hitting $421.61. The stock had a trading volume of 789,902 shares, compared to its average volume of 775,625. Motorola Solutions, Inc. has a twelve month low of $332.98 and a twelve month high of $507.82. The company's 50-day moving average price is $430.81 and its two-hundred day moving average price is $457.27. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13. The stock has a market capitalization of $70.39 billion, a P/E ratio of 45.73, a PEG ratio of 3.82 and a beta of 0.94.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.85 by ($0.10). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3 billion. As a group, research analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, March 14th. Motorola Solutions's dividend payout ratio is currently 47.29%.

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.