Picton Mahoney Asset Management Sells 970 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Picton Mahoney Asset Management lessened its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,489 shares of the communications equipment provider's stock after selling 970 shares during the quarter. Picton Mahoney Asset Management's holdings in Motorola Solutions were worth $11,782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its position in Motorola Solutions by 2.7% in the 3rd quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider's stock valued at $3,358,848,000 after acquiring an additional 198,183 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Motorola Solutions by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,736,045 shares of the communications equipment provider's stock worth $1,675,588,000 after buying an additional 89,320 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. Bank of New York Mellon Corp grew its position in shares of Motorola Solutions by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,287,296 shares of the communications equipment provider's stock worth $595,026,000 after buying an additional 100,454 shares during the period. Finally, Swedbank AB grew its position in shares of Motorola Solutions by 0.3% during the 4th quarter. Swedbank AB now owns 1,026,996 shares of the communications equipment provider's stock worth $474,708,000 after buying an additional 3,040 shares during the period. Institutional investors and hedge funds own 84.17% of the company's stock.

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Motorola Solutions Trading Up 0.5 %

Motorola Solutions stock traded up $1.92 during midday trading on Wednesday, hitting $423.82. 495,082 shares of the stock were exchanged, compared to its average volume of 690,084. The company has a fifty day simple moving average of $448.66 and a two-hundred day simple moving average of $460.15. Motorola Solutions, Inc. has a 52 week low of $332.98 and a 52 week high of $507.82. The stock has a market capitalization of $70.75 billion, a PE ratio of 45.97, a P/E/G ratio of 3.82 and a beta of 1.03. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings data 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). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3 billion. Equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal 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 paid 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 payout ratio is currently 47.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MSI shares. StockNews.com upgraded shares of Motorola Solutions from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. Barclays lowered their price target on shares of Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Morgan Stanley lifted their price target on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $505.88.

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.