Bank of Montreal Can Lowers Position in Motorola Solutions, Inc. (NYSE:MSI)

Bank of Montreal Can decreased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 7.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 660,883 shares of the communications equipment provider’s stock after selling 53,692 shares during the period. Bank of Montreal Can owned approximately 0.40% of Motorola Solutions worth $305,480,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MSI. Vanguard Group Inc. boosted its position in shares of Motorola Solutions by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 21,179,834 shares of the communications equipment provider’s stock worth $9,789,955,000 after purchasing an additional 310,919 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Motorola Solutions by 12.1% in the 4th quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider’s stock worth $1,933,360,000 after acquiring an additional 451,172 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at $1,528,949,000. FMR LLC raised its position in Motorola Solutions by 12.4% during the fourth quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider’s stock valued at $1,400,980,000 after acquiring an additional 334,639 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Motorola Solutions during the fourth quarter valued at approximately $1,073,645,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley lifted their price objective 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. Barclays decreased their target price on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Finally, StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Motorola Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $505.88.

Motorola Solutions Stock Performance

NYSE MSI opened at $401.91 on Monday. The company has a market cap of $67.10 billion, a P/E ratio of 43.59, a P/E/G ratio of 3.82 and a beta of 0.94. Motorola Solutions, Inc. has a fifty-two week low of $332.98 and a fifty-two week high of $507.82. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. The business’s 50 day moving average price is $439.25 and its 200-day moving average price is $459.26.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. Sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a dividend of $1.09 per share. The ex-dividend date is Friday, March 14th. This represents a $4.36 annualized dividend and a yield of 1.08%. Motorola Solutions’s payout ratio is currently 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.