Congress Wealth Management LLC DE Has $2.11 Million Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Congress Wealth Management LLC DE lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 45.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,558 shares of the communications equipment provider’s stock after selling 3,766 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Motorola Solutions were worth $2,107,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MSI. Cerity Partners LLC grew its position in shares of Motorola Solutions by 36.2% in the 3rd quarter. Cerity Partners LLC now owns 18,041 shares of the communications equipment provider’s stock valued at $8,112,000 after buying an additional 4,793 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Motorola Solutions by 56.5% in the third quarter. Larson Financial Group LLC now owns 956 shares of the communications equipment provider’s stock valued at $430,000 after acquiring an additional 345 shares during the last quarter. Fisher Asset Management LLC increased 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 valued at $967,000 after purchasing an additional 660 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Motorola Solutions by 24.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 439 shares of the communications equipment provider’s stock worth $197,000 after purchasing an additional 85 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $58,000. Institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MSI. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Morgan Stanley boosted their price objective on Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, Barclays decreased their target price on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $505.88.

Motorola Solutions Stock Up 0.5 %

MSI stock opened at $431.54 on Thursday. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. Motorola Solutions, Inc. has a fifty-two week low of $332.98 and a fifty-two week high of $507.82. The stock’s 50 day simple moving average is $444.71 and its 200 day simple moving average is $459.53. The company has a market cap of $72.04 billion, a P/E ratio of 46.80, a price-to-earnings-growth ratio of 3.82 and a beta of 1.03.

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

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a $1.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.01%. Motorola Solutions’s dividend payout ratio is presently 47.29%.

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.