Motorola Solutions, Inc. (NYSE:MSI) Holdings Cut by Bell Bank

Bell Bank decreased its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 69.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 520 shares of the communications equipment provider's stock after selling 1,199 shares during the period. Bell Bank's holdings in Motorola Solutions were worth $234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Saturna Capital Corp lifted its stake in Motorola Solutions by 0.7% in the third quarter. Saturna Capital Corp now owns 7,577 shares of the communications equipment provider's stock valued at $3,407,000 after buying an additional 50 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Motorola Solutions in the 3rd quarter worth about $472,000. Aptus Capital Advisors LLC lifted its position in Motorola Solutions by 22.4% in the 3rd quarter. Aptus Capital Advisors LLC now owns 32,477 shares of the communications equipment provider's stock valued at $14,603,000 after purchasing an additional 5,938 shares during the last quarter. Cumberland Partners Ltd boosted its stake in Motorola Solutions by 26.7% during the 3rd quarter. Cumberland Partners Ltd now owns 22,945 shares of the communications equipment provider's stock valued at $10,317,000 after purchasing an additional 4,835 shares during the period. Finally, Aigen Investment Management LP bought a new position in Motorola Solutions in the 3rd quarter worth about $3,836,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Motorola Solutions Price Performance

Motorola Solutions stock traded down $3.00 during midday trading on Thursday, hitting $493.70. The company's stock had a trading volume of 553,527 shares, compared to its average volume of 668,754. The stock's 50-day moving average price is $458.10 and its 200-day moving average price is $412.66. The company has a market capitalization of $82.51 billion, a PE ratio of 54.40, a price-to-earnings-growth ratio of 4.16 and a beta of 0.97. 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 $307.09 and a 12 month high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.10 by $0.36. The firm had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. Analysts anticipate that Motorola Solutions, Inc. will post 12.26 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 0.88%. This is a boost from Motorola Solutions's previous quarterly dividend of $0.98. Motorola Solutions's dividend payout ratio (DPR) is presently 42.94%.

Analyst Ratings Changes

A number of research firms have recently weighed in on MSI. Evercore ISI lifted their price target on Motorola Solutions from $450.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Jefferies Financial Group lifted their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. Bank of America lifted their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, 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. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, Motorola Solutions has a consensus rating of "Buy" and an average target price of $493.43.

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.