Covea Finance Sells 4,785 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Covea Finance trimmed its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 66,845 shares of the communications equipment provider's stock after selling 4,785 shares during the period. Motorola Solutions comprises 1.4% of Covea Finance's investment portfolio, making the stock its 21st biggest position. Covea Finance's holdings in Motorola Solutions were worth $30,898,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MSI. FSA Wealth Management LLC bought a new position in shares of Motorola Solutions in the third quarter valued at approximately $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Motorola Solutions in the third quarter worth $31,000. Strategic Investment Solutions Inc. IL bought a new position in Motorola Solutions in the 2nd quarter valued at $32,000. Planning Capital Management Corp purchased a new stake in shares of Motorola Solutions during the 3rd quarter valued at $32,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Motorola Solutions during the 3rd quarter worth $33,000. 84.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MSI. Barclays increased 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 increased their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Morgan Stanley upped their price objective on Motorola Solutions from $430.00 to $495.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. Bank of America raised their target price on Motorola Solutions from $440.00 to $520.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Motorola Solutions from $440.00 to $530.00 and gave the company a "buy" rating in a research note 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. Based on data from MarketBeat.com, Motorola Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $504.88.

Motorola Solutions Stock Performance

Shares of NYSE:MSI traded down $1.61 during midday trading on Wednesday, reaching $459.23. 296,298 shares of the company traded hands, compared to its average volume of 685,525. The firm's fifty day moving average price is $478.34 and its two-hundred day moving average price is $446.78. The firm has a market capitalization of $76.75 billion, a price-to-earnings ratio of 50.30, a price-to-earnings-growth ratio of 3.70 and a beta of 1.01. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. Motorola Solutions, Inc. has a 12 month low of $314.08 and a 12 month high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. On average, equities analysts expect that Motorola Solutions, Inc. will post 12.57 earnings per share for the current year.

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a dividend of $1.09 per share. This is a positive change from Motorola Solutions's previous quarterly dividend of $0.98. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, December 13th. Motorola Solutions's payout ratio is 47.75%.

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.