Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,676 shares of the communications equipment provider’s stock after selling 3,774 shares during the quarter. Motorola Solutions makes up about 0.8% of Moran Wealth Management LLC’s holdings, making the stock its 26th biggest position. Moran Wealth Management LLC’s holdings in Motorola Solutions were worth $27,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Versor Investments LP purchased a new position in shares of Motorola Solutions during the third quarter worth approximately $449,000. Skandinaviska Enskilda Banken AB publ grew its position in shares of Motorola Solutions by 32.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock worth $138,210,000 after acquiring an additional 88,603 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new position in shares of Motorola Solutions during the second quarter worth approximately $19,694,000. Los Angeles Capital Management LLC grew its position in shares of Motorola Solutions by 8.5% during the third quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock worth $184,088,000 after acquiring an additional 32,157 shares during the last quarter. Finally, Heritage Wealth Management Inc. purchased a new position in shares of Motorola Solutions during the second quarter worth approximately $790,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Price Performance

MSI stock traded down $0.01 during trading hours on Wednesday, hitting $487.45. 45,818 shares of the stock traded hands, compared to its average volume of 665,402. Motorola Solutions, Inc. has a one year low of $307.09 and a one year high of $507.82. The company has a market cap of $81.46 billion, a P/E ratio of 53.39, a P/E/G ratio of 4.02 and a beta of 0.97. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. The stock has a 50-day simple moving average of $462.39 and a 200 day simple moving average of $417.32.

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

Motorola Solutions Increases Dividend

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

Analysts Set New Price Targets

MSI has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Raymond James boosted their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Barclays lifted their price target on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Evercore ISI lifted their price target on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Motorola Solutions presently has a consensus rating of “Buy” and an average target price of $493.43.

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.