Fmr LLC Sells 92,090 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Fmr LLC decreased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,696,276 shares of the communications equipment provider’s stock after selling 92,090 shares during the period. Fmr LLC owned 1.61% of Motorola Solutions worth $1,212,327,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in shares of Motorola Solutions by 0.4% during the third quarter. The Manufacturers Life Insurance Company now owns 105,334 shares of the communications equipment provider’s stock valued at $47,361,000 after purchasing an additional 417 shares in the last quarter. Qsemble Capital Management LP bought a new position in shares of Motorola Solutions during the third quarter valued at approximately $666,000. Hancock Whitney Corp increased its stake in shares of Motorola Solutions by 0.4% during the third quarter. Hancock Whitney Corp now owns 5,812 shares of the communications equipment provider’s stock valued at $2,613,000 after purchasing an additional 26 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Motorola Solutions during the third quarter valued at approximately $58,000. Finally, Brown Brothers Harriman & Co. increased its position in shares of Motorola Solutions by 24.0% during the third quarter. Brown Brothers Harriman & Co. now owns 439 shares of the communications equipment provider’s stock valued at $197,000 after acquiring an additional 85 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Bank of America raised their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays raised their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, Raymond James raised their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $506.29.

Motorola Solutions Trading Up 1.7 %

Shares of MSI stock opened at $496.56 on Wednesday. Motorola Solutions, Inc. has a 12-month low of $307.09 and a 12-month high of $507.82. 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 firm’s 50 day moving average is $467.86 and its 200 day moving average is $422.13. The stock has a market capitalization of $82.99 billion, a P/E ratio of 54.39, a P/E/G ratio of 3.88 and a beta of 0.97.

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

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Friday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is currently 42.94%.

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.