RiverPark Advisors LLC Reduces Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

RiverPark Advisors LLC lowered its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 15.6% in the third quarter, Holdings Channel.com reports. The fund owned 3,391 shares of the communications equipment provider’s stock after selling 626 shares during the quarter. Motorola Solutions comprises 1.2% of RiverPark Advisors LLC’s portfolio, making the stock its 27th biggest holding. RiverPark Advisors LLC’s holdings in Motorola Solutions were worth $1,525,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. MFA Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions in the 2nd quarter worth $25,000. Beacon Capital Management LLC raised its position in shares of Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 28 shares in the last quarter. LRI Investments LLC raised its position in shares of Motorola Solutions by 871.4% in the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Motorola Solutions in the 1st quarter worth $28,000. Finally, Triad Wealth Partners LLC bought a new position in shares of Motorola Solutions in the 2nd quarter worth $29,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Price Performance

NYSE:MSI opened at $489.00 on Friday. Motorola Solutions, Inc. has a one year low of $307.09 and a one year high of $507.82. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The stock has a market cap of $81.72 billion, a PE ratio of 53.56, a P/E/G ratio of 4.09 and a beta of 0.97. The stock has a 50 day moving average price of $460.37 and a 200 day moving average price of $414.73.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating the consensus estimate of $3.10 by $0.36. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. Equities research analysts expect that Motorola Solutions, Inc. will post 12.48 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.09 per share. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 annualized dividend and a yield of 0.89%. Motorola Solutions’s dividend payout ratio (DPR) is 42.94%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price target on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Evercore ISI upped their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Raymond James upped their target price on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group increased their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $493.43.

Motorola Solutions Company 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.