JPMorgan Chase & Co. Cuts Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

JPMorgan Chase & Co. reduced its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,587,348 shares of the communications equipment provider's stock after selling 58,117 shares during the period. JPMorgan Chase & Co. owned about 0.95% of Motorola Solutions worth $713,720,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. FSA Wealth Management LLC acquired a new position in shares of Motorola Solutions during the 3rd quarter worth about $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Motorola Solutions during the 3rd quarter worth approximately $31,000. Planning Capital Management Corp acquired a new position in shares of Motorola Solutions during the third quarter valued at approximately $32,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Motorola Solutions in the third quarter valued at approximately $33,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Motorola Solutions in the second quarter worth approximately $32,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Trading Down 0.8 %

Shares of MSI stock traded down $3.98 during trading on Friday, hitting $467.33. 364,809 shares of the stock traded hands, compared to its average volume of 703,068. Motorola Solutions, Inc. has a 52-week low of $307.31 and a 52-week high of $507.82. The firm has a market capitalization of $78.10 billion, a P/E ratio of 51.19, a price-to-earnings-growth ratio of 3.70 and a beta of 0.99. The firm's fifty day moving average price is $478.66 and its 200-day moving average price is $439.95. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. As a group, research analysts forecast that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a $1.09 dividend. This is a positive change from Motorola Solutions's previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, December 13th. Motorola Solutions's dividend payout ratio is currently 47.75%.

Analyst Ratings Changes

MSI has been the subject of several recent research reports. Jefferies Financial Group increased their price objective on Motorola Solutions from $460.00 to $510.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. Raymond James raised their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Evercore ISI increased their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Finally, Barclays boosted their target price on Motorola Solutions from $467.00 to $529.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. 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, Motorola Solutions presently has an average rating of "Moderate Buy" and an average price target of $504.88.

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.