International Assets Investment Management LLC lessened its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 99.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,727 shares of the communications equipment provider's stock after selling 965,877 shares during the period. International Assets Investment Management LLC's holdings in Motorola Solutions were worth $793,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of MSI. Range Financial Group LLC increased its holdings in Motorola Solutions by 32.2% in the fourth quarter. Range Financial Group LLC now owns 1,450 shares of the communications equipment provider's stock valued at $670,000 after buying an additional 353 shares during the last quarter. Pensionfund Sabic increased its holdings in shares of Motorola Solutions by 22.9% in the 4th quarter. Pensionfund Sabic now owns 4,300 shares of the communications equipment provider's stock valued at $1,988,000 after acquiring an additional 800 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Motorola Solutions by 23.8% during the 4th quarter. GAMMA Investing LLC now owns 2,471 shares of the communications equipment provider's stock worth $1,142,000 after acquiring an additional 475 shares in the last quarter. Versant Capital Management Inc lifted its stake in Motorola Solutions by 75.3% during the fourth quarter. Versant Capital Management Inc now owns 291 shares of the communications equipment provider's stock worth $135,000 after purchasing an additional 125 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Motorola Solutions by 4.8% in the third quarter. Principal Financial Group Inc. now owns 219,717 shares of the communications equipment provider's stock valued at $98,791,000 after purchasing an additional 10,096 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Stock Performance
Shares of Motorola Solutions stock traded down $7.31 during trading hours on Friday, hitting $455.42. 604,399 shares of the company were exchanged, compared to its average volume of 740,766. The business has a 50-day moving average of $478.36 and a 200-day moving average of $444.48. Motorola Solutions, Inc. has a 1 year low of $312.73 and a 1 year high of $507.82. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. The stock has a market capitalization of $76.11 billion, a price-to-earnings ratio of 49.88, a P/E/G ratio of 3.70 and a beta of 1.01.
Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.10 by $0.36. The company had revenue of $2.79 billion during 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%. As a group, analysts expect that Motorola Solutions, Inc. will post 12.57 EPS for the current fiscal year.
Motorola Solutions Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase from Motorola Solutions's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, December 13th. Motorola Solutions's dividend payout ratio is 47.75%.
Analysts Set New Price Targets
A number of research firms have weighed in on MSI. Raymond James raised their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Barclays lifted their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Motorola Solutions from $440.00 to $530.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Morgan Stanley boosted their target price on Motorola Solutions from $430.00 to $495.00 and gave the company an "equal weight" rating in a report on Tuesday, December 17th. Finally, Bank of America upped their target price on Motorola Solutions from $440.00 to $520.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $504.88.
View Our Latest Analysis on MSI
Motorola Solutions Profile
(
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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