Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Covestor Ltd

Covestor Ltd cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 62.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77 shares of the communications equipment provider’s stock after selling 128 shares during the quarter. Covestor Ltd’s holdings in Motorola Solutions were worth $35,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MSI. First Foundation Advisors lifted its stake in Motorola Solutions by 37.7% in the first quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock valued at $126,000 after buying an additional 97 shares during the last quarter. TIAA Trust National Association increased its position in Motorola Solutions by 1.3% during the 1st quarter. TIAA Trust National Association now owns 3,774 shares of the communications equipment provider’s stock worth $1,340,000 after purchasing an additional 50 shares in the last quarter. Edgestream Partners L.P. boosted its stake in Motorola Solutions by 90.6% in the 1st quarter. Edgestream Partners L.P. now owns 7,546 shares of the communications equipment provider’s stock worth $2,679,000 after buying an additional 3,586 shares during the last quarter. Catalytic Wealth RIA LLC boosted its stake in Motorola Solutions by 40.2% in the 1st quarter. Catalytic Wealth RIA LLC now owns 1,713 shares of the communications equipment provider’s stock worth $608,000 after buying an additional 491 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Motorola Solutions in the 1st quarter valued at about $639,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MSI has been the topic of several analyst reports. Barclays lifted their price objective on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft upped their price target on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Jefferies Financial Group upped their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Evercore ISI increased their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $493.43.

Motorola Solutions Trading Down 1.0 %

Shares of MSI stock opened at $489.00 on Friday. The stock’s fifty day moving average price is $459.22 and its two-hundred day moving average price is $413.22. The company has a market cap of $81.72 billion, a PE ratio of 54.14, a P/E/G ratio of 4.15 and a beta of 0.97. Motorola Solutions, Inc. has a fifty-two week low of $307.09 and a fifty-two week high of $507.82. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Equities analysts predict that Motorola Solutions, Inc. will post 12.26 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a $1.09 dividend. 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 yield of 0.89%. Motorola Solutions’s dividend payout ratio is presently 42.94%.

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.