FIL Ltd Reduces Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

FIL Ltd cut its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,909 shares of the communications equipment provider’s stock after selling 3,211 shares during the quarter. FIL Ltd’s holdings in Motorola Solutions were worth $13,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Synergy Asset Management LLC purchased a new stake in Motorola Solutions in the fourth quarter worth about $25,000. Crews Bank & Trust bought a new stake in shares of Motorola Solutions during the 4th quarter valued at $26,000. First Command Advisory Services Inc. purchased a new stake in shares of Motorola Solutions in the 4th quarter worth about $29,000. SBI Securities Co. Ltd. bought a new position in shares of Motorola Solutions in the 4th quarter worth about $30,000. Finally, Meeder Asset Management Inc. purchased a new position in Motorola Solutions during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Barclays dropped their target price on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, StockNews.com lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $505.88.

Motorola Solutions Price Performance

Shares of MSI opened at $421.61 on Friday. The firm has a fifty day simple moving average of $430.81 and a two-hundred day simple moving average of $457.27. The firm has a market cap of $70.39 billion, a PE ratio of 45.73, a P/E/G ratio of 3.82 and a beta of 0.94. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. Motorola Solutions, Inc. has a 1-year low of $332.98 and a 1-year high of $507.82.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (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 firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3 billion. On average, equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a $1.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.36 annualized dividend and a yield of 1.03%. Motorola Solutions’s 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.