State of Tennessee Department of Treasury Lowers Position in Motorola Solutions, Inc. (NYSE:MSI)

State of Tennessee Department of Treasury decreased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 25.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,121 shares of the communications equipment provider's stock after selling 17,109 shares during the period. State of Tennessee Department of Treasury's holdings in Motorola Solutions were worth $22,705,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of Motorola Solutions during the 4th quarter worth approximately $1,528,949,000. Norges Bank purchased a new stake in shares of Motorola Solutions during the fourth quarter valued at approximately $1,073,645,000. Arrowstreet Capital Limited Partnership lifted its holdings in Motorola Solutions by 330.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider's stock worth $291,922,000 after acquiring an additional 484,727 shares during the period. Geode Capital Management LLC boosted its position in Motorola Solutions by 12.1% in the fourth quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock worth $1,933,360,000 after purchasing an additional 451,172 shares during the last quarter. Finally, FMR LLC grew its stake in Motorola Solutions by 12.4% in 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 purchasing an additional 334,639 shares during the period. Hedge funds and other institutional investors own 84.17% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MSI shares. JPMorgan Chase & Co. cut their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. StockNews.com raised shares of Motorola Solutions from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Barclays dropped their price objective on Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Finally, Morgan Stanley raised their target price on 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 equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Motorola Solutions presently has an average rating of "Moderate Buy" and an average price target of $515.25.

Motorola Solutions Trading Up 1.8 %

NYSE:MSI opened at $419.66 on Wednesday. The company has a market cap of $70.07 billion, a P/E ratio of 45.52, a P/E/G ratio of 3.82 and a beta of 0.94. Motorola Solutions, Inc. has a 1 year low of $332.98 and a 1 year high of $507.82. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13. The stock's fifty day moving average price is $423.27 and its two-hundred day moving average price is $455.95.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 EPS 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 company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. As a group, analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were paid a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 1.04%. The ex-dividend date was Friday, March 14th. Motorola Solutions's dividend payout ratio is presently 47.29%.

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.

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