Central Pacific Bank Trust Division Sells 1,168 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Central Pacific Bank Trust Division reduced its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,450 shares of the communications equipment provider's stock after selling 1,168 shares during the period. Central Pacific Bank Trust Division's holdings in Motorola Solutions were worth $2,519,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. FSA Wealth Management LLC bought a new position in shares of Motorola Solutions in the third quarter valued at $29,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Motorola Solutions in the 3rd quarter worth about $31,000. Strategic Investment Solutions Inc. IL bought a new position in Motorola Solutions in the 2nd quarter valued at about $32,000. Planning Capital Management Corp acquired a new position in Motorola Solutions during the 3rd quarter valued at about $32,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in Motorola Solutions during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Analysts Set New Price Targets

MSI has been the topic of a number of recent research reports. Bank of America raised their target price on Motorola Solutions from $440.00 to $520.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Morgan Stanley raised their price objective on Motorola Solutions from $430.00 to $495.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. Barclays upped their target price 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 increased their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, Raymond James boosted their price target 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. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $504.88.

Motorola Solutions Stock Performance

NYSE MSI traded up $2.61 during trading hours on Friday, reaching $461.84. 525,617 shares of the company were exchanged, compared to its average volume of 548,208. The stock has a market capitalization of $77.18 billion, a P/E ratio of 50.58, a P/E/G ratio of 3.70 and a beta of 1.01. 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 1 year low of $307.31 and a 1 year high of $507.82. The business's 50 day simple moving average is $478.01 and its 200-day simple moving average is $441.86.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.36. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. On average, equities research analysts expect that Motorola Solutions, Inc. will post 12.57 earnings per share for the current year.

Motorola Solutions Increases Dividend

The company also recently declared 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 is an increase from Motorola Solutions's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 annualized dividend and a dividend yield of 0.94%. Motorola Solutions's dividend payout ratio is presently 47.75%.

Motorola Solutions 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.