Central Pacific Bank Trust Division Sells 1,168 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Central Pacific Bank Trust Division lowered its position in Motorola Solutions, Inc. (NYSE:MSI) by 17.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,450 shares of the communications equipment provider’s stock after selling 1,168 shares during the period. Central Pacific Bank Trust Division’s holdings in Motorola Solutions were worth $2,519,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of Motorola Solutions by 23.8% during the fourth quarter. GAMMA Investing LLC now owns 2,471 shares of the communications equipment provider’s stock worth $1,142,000 after purchasing an additional 475 shares during the period. Versant Capital Management Inc increased its stake in Motorola Solutions by 75.3% during the 4th quarter. Versant Capital Management Inc now owns 291 shares of the communications equipment provider’s stock worth $135,000 after purchasing an additional 125 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Motorola Solutions by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 219,717 shares of the communications equipment provider’s stock worth $98,791,000 after buying an additional 10,096 shares during the period. DGS Capital Management LLC lifted its stake in Motorola Solutions by 12.0% in the third quarter. DGS Capital Management LLC now owns 614 shares of the communications equipment provider’s stock valued at $276,000 after buying an additional 66 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of Motorola Solutions in the third quarter valued at approximately $33,423,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.7 %

Shares of NYSE MSI traded up $3.33 during trading hours on Friday, hitting $462.56. The company had a trading volume of 236,173 shares, compared to its average volume of 396,589. The stock has a market capitalization of $77.30 billion, a P/E ratio of 50.66, a price-to-earnings-growth ratio of 3.70 and a beta of 1.01. Motorola Solutions, Inc. has a 1-year low of $307.31 and a 1-year high of $507.82. The firm’s 50 day moving average is $478.01 and its 200-day moving average is $441.86. 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 (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. On average, analysts expect that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.94%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, December 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 47.75%.

Analysts Set New Price Targets

A number of brokerages recently commented on MSI. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley boosted their price target on Motorola Solutions from $430.00 to $495.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Barclays increased their price objective on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Bank of America upped their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Raymond James lifted their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $504.88.

Motorola Solutions 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.