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

State of Tennessee Department of Treasury decreased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 25.8% in the 4th quarter, Holdings Channel reports. The firm 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 reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Motorola Solutions by 1.5% in 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 boosted its stake 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 buying an additional 451,172 shares in the last quarter. Raymond James Financial Inc. bought a new position in Motorola Solutions during the fourth quarter valued at approximately $1,528,949,000. FMR LLC raised its stake in shares of Motorola Solutions by 12.4% during the fourth quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider’s stock worth $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 in the 4th quarter worth approximately $1,073,645,000. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Trading Up 1.8 %

Shares of MSI opened at $419.66 on Wednesday. Motorola Solutions, Inc. has a 1-year low of $332.98 and a 1-year high of $507.82. The firm has a market capitalization of $70.07 billion, a price-to-earnings ratio of 45.52, a PEG ratio of 3.82 and a beta of 0.94. The firm’s 50-day moving average price is $423.27 and its 200-day moving average price is $455.95. 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 (NYSE:MSI) last posted its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.10). Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3 billion. Sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently commented on MSI shares. Barclays decreased their target price on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. JPMorgan Chase & Co. decreased their price objective on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Morgan Stanley increased their target price on Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $515.25.

About Motorola Solutions

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.