Dearborn Partners LLC Sells 1,877 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Dearborn Partners LLC reduced its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 2.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,760 shares of the communications equipment provider's stock after selling 1,877 shares during the period. Dearborn Partners LLC's holdings in Motorola Solutions were worth $36,762,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. MFA Wealth Advisors LLC bought a new stake in shares of Motorola Solutions in the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC raised its position in shares of Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider's stock valued at $26,000 after buying an additional 28 shares in the last quarter. LRI Investments LLC lifted its position in Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider's stock worth $26,000 after buying an additional 61 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in Motorola Solutions in the third quarter worth about $31,000. Finally, Planning Capital Management Corp purchased a new stake in shares of Motorola Solutions during the third quarter valued at $32,000. Institutional investors own 84.17% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on MSI shares. 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. Raymond James increased their target price on Motorola Solutions from $425.00 to $515.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. Jefferies Financial Group raised their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. lifted their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $493.43.

Motorola Solutions Stock Performance

MSI stock traded down $4.28 during midday trading on Friday, hitting $489.42. The stock had a trading volume of 349,587 shares, compared to its average volume of 667,318. The stock has a 50-day simple moving average of $459.22 and a 200 day simple moving average of $413.22. Motorola Solutions, Inc. has a 52 week low of $307.09 and a 52 week high of $507.82. The firm has a market capitalization of $81.79 billion, a price-to-earnings ratio of 54.14, a P/E/G ratio of 4.15 and a beta of 0.97. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.36. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. As a group, equities research analysts anticipate that Motorola Solutions, Inc. will post 12.26 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 paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.89%. This is a boost from Motorola Solutions's previous quarterly dividend of $0.98. Motorola Solutions's dividend payout ratio is presently 42.94%.

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.