Chevy Chase Trust Holdings LLC Lowers Stake in Motorola Solutions, Inc. (NYSE:MSI)

Chevy Chase Trust Holdings LLC decreased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,290 shares of the communications equipment provider's stock after selling 1,823 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Motorola Solutions worth $40,597,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in shares of Motorola Solutions by 13.6% in the first quarter. EverSource Wealth Advisors LLC now owns 384 shares of the communications equipment provider's stock worth $130,000 after purchasing an additional 46 shares during the last quarter. Transcend Capital Advisors LLC purchased a new position in Motorola Solutions in the 2nd quarter worth $235,000. Kingswood Wealth Advisors LLC lifted its holdings in Motorola Solutions by 64.0% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 1,222 shares of the communications equipment provider's stock worth $472,000 after buying an additional 477 shares during the period. Park Avenue Securities LLC grew its position in shares of Motorola Solutions by 5.7% in the 2nd quarter. Park Avenue Securities LLC now owns 3,152 shares of the communications equipment provider's stock worth $1,217,000 after buying an additional 170 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Motorola Solutions by 6.4% during the second quarter. CWM LLC now owns 7,370 shares of the communications equipment provider's stock valued at $2,845,000 after buying an additional 443 shares during the period. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Stock Performance

Shares of NYSE MSI traded down $0.55 during midday trading on Tuesday, hitting $496.15. 256,773 shares of the company's stock traded hands, compared to its average volume of 673,710. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The stock has a market capitalization of $82.92 billion, a price-to-earnings ratio of 54.39, a price-to-earnings-growth ratio of 3.95 and a beta of 0.99. The firm has a fifty day moving average of $471.53 and a 200 day moving average of $425.07. Motorola Solutions, Inc. has a 1 year low of $307.09 and a 1 year high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last released 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. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. On average, analysts forecast that Motorola Solutions, Inc. will post 12.54 earnings per share for the current year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Motorola Solutions's previous quarterly dividend of $0.98. Motorola Solutions's payout ratio is currently 42.94%.

Wall Street Analysts Forecast Growth

MSI has been the topic of a number of research reports. Jefferies Financial Group lifted their target price on shares of 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 lifted their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Evercore ISI boosted their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. Barclays lifted 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. Finally, Bank of America upped their price target on Motorola Solutions from $440.00 to $520.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $506.29.

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.