Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Seelaus Asset Management LLC

Seelaus Asset Management LLC cut its stake in Motorola Solutions, Inc. (NYSE:MSI) by 17.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 575 shares of the communications equipment provider’s stock after selling 120 shares during the period. Seelaus Asset Management LLC’s holdings in Motorola Solutions were worth $259,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Raymond James & Associates grew its holdings in shares of Motorola Solutions by 3.7% during the second quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock valued at $895,494,000 after buying an additional 82,044 shares during the last quarter. Legal & General Group Plc grew its stake in Motorola Solutions by 7.7% during the 2nd quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock valued at $590,911,000 after purchasing an additional 110,072 shares during the last quarter. Swedbank AB grew its stake in Motorola Solutions by 215.7% during the 2nd quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after purchasing an additional 699,615 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Motorola Solutions by 0.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider’s stock valued at $383,614,000 after purchasing an additional 4,984 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of Motorola Solutions by 59,189.5% in the third quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock worth $435,064,000 after purchasing an additional 965,972 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Down 1.0 %

Shares of MSI opened at $489.00 on Friday. The firm has a market cap of $81.72 billion, a P/E ratio of 53.56, a PEG ratio of 4.15 and a beta of 0.97. Motorola Solutions, Inc. has a 12 month low of $307.09 and a 12 month high of $507.82. The stock’s 50 day moving average is $460.37 and its two-hundred day moving average is $414.21. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23.

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

Motorola Solutions Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 dividend on an annualized basis and a yield of 0.89%. Motorola Solutions’s dividend payout ratio (DPR) is currently 42.94%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MSI shares. Barclays increased their price objective 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 price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Jefferies Financial Group boosted their price objective on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Bank of America raised their target price on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Evercore ISI boosted their price target on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $493.43.

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.