Baron Wealth Management LLC cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 45.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 700 shares of the communications equipment provider's stock after selling 585 shares during the period. Baron Wealth Management LLC's holdings in Motorola Solutions were worth $324,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in MSI. World Investment Advisors LLC lifted its position in Motorola Solutions by 5,403.9% in the third quarter. World Investment Advisors LLC now owns 35,720 shares of the communications equipment provider's stock valued at $16,061,000 after purchasing an additional 35,071 shares during the last quarter. Versor Investments LP bought a new stake in Motorola Solutions in the third quarter valued at $449,000. Groupama Asset Managment raised its stake in Motorola Solutions by 8.6% in the third quarter. Groupama Asset Managment now owns 587,077 shares of the communications equipment provider's stock worth $263,967,000 after buying an additional 46,731 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in Motorola Solutions by 8.5% in the third quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider's stock worth $184,088,000 after purchasing an additional 32,157 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new position in Motorola Solutions during the 3rd quarter valued at about $33,423,000. Institutional investors own 84.17% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on MSI shares. Barclays raised their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. Raymond James raised their price objective on Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Morgan Stanley boosted their price objective on Motorola Solutions from $430.00 to $495.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 17th. Bank of America lifted their target price on Motorola Solutions from $440.00 to $520.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $504.88.
Get Our Latest Stock Analysis on Motorola Solutions
Motorola Solutions Price Performance
NYSE MSI traded down $4.90 during mid-day trading on Friday, hitting $467.71. The stock had a trading volume of 226,084 shares, compared to its average volume of 724,078. Motorola Solutions, Inc. has a twelve month low of $314.84 and a twelve month high of $507.82. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. The firm's 50 day moving average is $473.03 and its 200 day moving average is $452.62. The stock has a market capitalization of $78.16 billion, a price-to-earnings ratio of 51.31, a PEG ratio of 3.41 and a beta of 1.01.
Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.36. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. Equities research analysts forecast that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.
Motorola Solutions Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th were paid a dividend of $1.09 per share. The ex-dividend date was Friday, December 13th. This is an increase from Motorola Solutions's previous quarterly dividend of $0.98. This represents a $4.36 dividend on an annualized basis and a yield of 0.93%. Motorola Solutions's payout ratio is 47.75%.
Motorola Solutions Company Profile
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Free Report)
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.
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