Fort L.P. Lowers Position in Motorola Solutions, Inc. (NYSE:MSI)

Fort L.P. cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 11.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 688 shares of the communications equipment provider’s stock after selling 87 shares during the quarter. Motorola Solutions accounts for about 0.8% of Fort L.P.’s holdings, making the stock its 23rd largest position. Fort L.P.’s holdings in Motorola Solutions were worth $309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Motorola Solutions by 32.9% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock valued at $138,210,000 after acquiring an additional 88,603 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new position in shares of Motorola Solutions in the second quarter valued at about $19,694,000. State Board of Administration of Florida Retirement System lifted its position in shares of Motorola Solutions by 8.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock valued at $67,219,000 after acquiring an additional 15,488 shares in the last quarter. First Foundation Advisors lifted its position in shares of Motorola Solutions by 37.7% in the first quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock valued at $126,000 after acquiring an additional 97 shares in the last quarter. Finally, Heritage Wealth Management Inc. bought a new stake in shares of Motorola Solutions in the second quarter worth about $790,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Trading Up 1.0 %

NYSE MSI traded up $4.54 during trading hours on Friday, hitting $453.89. 1,098,320 shares of the company were exchanged, compared to its average volume of 622,458. The stock has a 50-day moving average price of $450.93 and a 200 day moving average price of $404.94. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. Motorola Solutions, Inc. has a 52 week low of $276.45 and a 52 week high of $480.28. The stock has a market cap of $75.73 billion, a PE ratio of 53.15, a price-to-earnings-growth ratio of 3.78 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.41 earnings per share. Analysts forecast that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were paid a dividend of $0.98 per share. The ex-dividend date was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.86%. Motorola Solutions’s dividend payout ratio is 45.90%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group lifted their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Evercore ISI lifted their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft lifted their target price on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Barclays lifted their target price on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Bank of America boosted their price objective on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $479.50.

Insider Activity

In other news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the transaction, the chief operating officer now owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

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.