Sumitomo Mitsui Trust Group Inc. Cuts Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Sumitomo Mitsui Trust Group Inc. lessened its stake in Motorola Solutions, Inc. (NYSE:MSI) by 2.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 410,840 shares of the communications equipment provider’s stock after selling 8,666 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Motorola Solutions were worth $189,903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tyche Wealth Partners LLC purchased a new position in Motorola Solutions in the fourth quarter valued at about $1,068,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Motorola Solutions by 17.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,622 shares of the communications equipment provider’s stock valued at $11,464,000 after purchasing an additional 3,723 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in Motorola Solutions by 1.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 10,832 shares of the communications equipment provider’s stock valued at $5,007,000 after purchasing an additional 167 shares during the last quarter. Avitas Wealth Management LLC grew its stake in Motorola Solutions by 0.7% in the fourth quarter. Avitas Wealth Management LLC now owns 7,583 shares of the communications equipment provider’s stock valued at $3,505,000 after purchasing an additional 53 shares during the last quarter. Finally, E. Ohman J or Asset Management AB grew its stake in Motorola Solutions by 11.5% in the fourth quarter. E. Ohman J or Asset Management AB now owns 7,780 shares of the communications equipment provider’s stock valued at $3,596,000 after purchasing an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Down 0.6 %

Motorola Solutions stock opened at $479.40 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. Motorola Solutions, Inc. has a 52 week low of $314.84 and a 52 week high of $507.82. The company has a market capitalization of $80.12 billion, a price-to-earnings ratio of 52.51, a price-to-earnings-growth ratio of 3.45 and a beta of 1.02. The stock has a 50-day moving average price of $470.81 and a 200 day moving average price of $455.45.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Sell-side analysts anticipate that Motorola Solutions, Inc. will post 12.57 EPS for the current year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th were given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, December 13th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio is currently 47.75%.

Analysts Set New Price Targets

Several brokerages have weighed in on MSI. Morgan Stanley raised their price target on Motorola Solutions from $430.00 to $495.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Raymond James raised their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised their price target on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Bank of America raised their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Barclays raised their price target on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $504.88.

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.