Legal & General Group Plc reduced its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 21.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,207,114 shares of the communications equipment provider's stock after selling 331,368 shares during the quarter. Legal & General Group Plc owned approximately 0.72% of Motorola Solutions worth $557,964,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Motorola Solutions by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 21,179,834 shares of the communications equipment provider's stock valued at $9,789,955,000 after purchasing an additional 310,919 shares during the period. Geode Capital Management LLC grew its stake in shares of Motorola Solutions by 12.1% in the 4th quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock valued at $1,933,360,000 after buying an additional 451,172 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Motorola Solutions during the 4th quarter worth approximately $1,528,949,000. FMR LLC raised its position in shares of Motorola Solutions by 12.4% during the 4th quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider's stock valued at $1,400,980,000 after buying an additional 334,639 shares during the period. Finally, Norges Bank acquired a new position in Motorola Solutions in the fourth quarter valued at approximately $1,073,645,000. 84.17% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have commented on MSI shares. Morgan Stanley lifted their target price on Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Barclays reduced their price objective on shares of Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Finally, StockNews.com lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $505.88.
Check Out Our Latest Stock Report on Motorola Solutions
Motorola Solutions Trading Up 1.6 %
NYSE MSI traded up $6.74 during trading on Friday, hitting $421.61. The stock had a trading volume of 789,902 shares, compared to its average volume of 777,072. The company has a market capitalization of $70.39 billion, a PE ratio of 45.73, a PEG ratio of 3.82 and a beta of 0.94. Motorola Solutions, Inc. has a twelve month low of $332.98 and a twelve month high of $507.82. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. The firm has a 50 day moving average price of $430.81 and a 200 day moving average price of $457.33.
Motorola Solutions (NYSE:MSI - Get Free Report) last announced its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.10). The business had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $3 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. As a group, equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.
Motorola Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, March 14th. Motorola Solutions's dividend payout ratio is currently 47.29%.
About Motorola Solutions
(
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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