Motorola Solutions, Inc. (NYSE:MSI) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in Motorola Solutions, Inc. (NYSE:MSI) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,618,744 shares of the communications equipment provider’s stock after purchasing an additional 31,396 shares during the period. JPMorgan Chase & Co. owned approximately 0.97% of Motorola Solutions worth $748,233,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MSI. Fisher Asset Management LLC lifted its position in Motorola Solutions by 44.3% during the 3rd quarter. Fisher Asset Management LLC now owns 2,150 shares of the communications equipment provider’s stock worth $967,000 after acquiring an additional 660 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Motorola Solutions by 0.4% during the 3rd 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. D.A. Davidson & CO. increased its stake in Motorola Solutions by 13.0% during the 3rd quarter. D.A. Davidson & CO. now owns 1,245 shares of the communications equipment provider’s stock worth $560,000 after buying an additional 143 shares during the period. Townsquare Capital LLC boosted its position in Motorola Solutions by 49.9% in the 3rd quarter. Townsquare Capital LLC now owns 4,724 shares of the communications equipment provider’s stock valued at $2,124,000 after buying an additional 1,573 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its position in shares of Motorola Solutions by 1.5% during the third quarter. Glenmede Trust Co. NA now owns 6,144 shares of the communications equipment provider’s stock worth $2,763,000 after acquiring an additional 89 shares during the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Stock Up 0.2 %

Shares of Motorola Solutions stock opened at $433.38 on Friday. Motorola Solutions, Inc. has a twelve month low of $332.98 and a twelve month high of $507.82. The stock has a market capitalization of $72.35 billion, a price-to-earnings ratio of 47.00, a PEG ratio of 3.82 and a beta of 1.03. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. The business’s 50 day simple moving average is $443.47 and its 200-day simple moving average is $459.31.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.10). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3 billion. Equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a $1.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.36 annualized dividend and a dividend yield of 1.01%. Motorola Solutions’s payout ratio is currently 47.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Barclays cut their price target on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, Morgan Stanley upped their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $505.88.

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.