Laffer Tengler Investments Inc. Sells 4,150 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Laffer Tengler Investments Inc. cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 89.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 500 shares of the communications equipment provider’s stock after selling 4,150 shares during the quarter. Laffer Tengler Investments Inc.’s holdings in Motorola Solutions were worth $231,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. State Street Corp lifted its holdings in Motorola Solutions by 2.7% in the third quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider’s stock valued at $3,358,848,000 after buying an additional 198,183 shares during the period. Geode Capital Management LLC grew its holdings in Motorola Solutions by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,736,045 shares of the communications equipment provider’s stock worth $1,675,588,000 after acquiring an additional 89,320 shares during the period. Bank of New York Mellon Corp raised its position in shares of Motorola Solutions by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,287,296 shares of the communications equipment provider’s stock valued at $595,026,000 after acquiring an additional 100,454 shares during the last quarter. Swedbank AB lifted its stake in shares of Motorola Solutions by 0.3% in the 4th quarter. Swedbank AB now owns 1,026,996 shares of the communications equipment provider’s stock valued at $474,708,000 after purchasing an additional 3,040 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Motorola Solutions by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 926,009 shares of the communications equipment provider’s stock worth $428,029,000 after purchasing an additional 25,838 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Down 1.1 %

Motorola Solutions stock opened at $422.75 on Wednesday. Motorola Solutions, Inc. has a twelve month low of $329.66 and a twelve month high of $507.82. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. The company has a 50 day moving average of $457.53 and a 200-day moving average of $460.99. The stock has a market capitalization of $70.57 billion, a PE ratio of 45.85, a price-to-earnings-growth ratio of 3.82 and a beta of 1.02.

Motorola Solutions (NYSE:MSI) last announced its 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). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3 billion. On average, equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Friday, March 14th. Motorola Solutions’s dividend payout ratio is presently 47.29%.

Wall Street Analysts Forecast Growth

MSI has been the subject of a number of recent analyst reports. Barclays dropped their price objective on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a report on Friday, February 14th. 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 research note on Friday, February 14th. Raymond James lifted their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $505.88.

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.