Cresset Asset Management LLC Lowers Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Cresset Asset Management LLC lowered its stake in Motorola Solutions, Inc. (NYSE:MSI) by 61.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,798 shares of the communications equipment provider’s stock after selling 16,867 shares during the period. Cresset Asset Management LLC’s holdings in Motorola Solutions were worth $5,001,000 as of its most recent filing with the Securities & Exchange Commission.

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

Motorola Solutions Stock Down 1.2 %

Motorola Solutions stock opened at $410.33 on Friday. Motorola Solutions, Inc. has a one year low of $356.30 and a one year high of $507.82. The stock has a fifty day moving average of $421.59 and a 200 day moving average of $452.26. 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 stock has a market cap of $68.51 billion, a PE ratio of 44.50, a price-to-earnings-growth ratio of 3.82 and a beta of 0.98.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.17. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.81 EPS. As a group, sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Friday, March 14th. Motorola Solutions’s payout ratio is 36.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MSI shares. JPMorgan Chase & Co. reduced their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. StockNews.com cut Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Monday. Morgan Stanley upped their price target 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, Barclays reduced their price objective on Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating for the company in a report on Monday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Motorola Solutions has an average rating of “Moderate Buy” and a consensus price target of $513.25.

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.