Elo Mutual Pension Insurance Co Sells 626 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Elo Mutual Pension Insurance Co cut its stake in Motorola Solutions, Inc. (NYSE:MSI) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,226 shares of the communications equipment provider’s stock after selling 626 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Motorola Solutions were worth $7,038,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Artisan Partners Limited Partnership grew its holdings in shares of Motorola Solutions by 0.6% during the 4th quarter. Artisan Partners Limited Partnership now owns 162,873 shares of the communications equipment provider’s stock worth $75,285,000 after purchasing an additional 961 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Motorola Solutions by 10.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 265,196 shares of the communications equipment provider’s stock valued at $122,478,000 after buying an additional 24,694 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Motorola Solutions in the 4th quarter valued at $878,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Motorola Solutions during the 4th quarter worth about $56,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Motorola Solutions by 0.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 224,385 shares of the communications equipment provider’s stock valued at $103,717,000 after acquiring an additional 1,146 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on MSI shares. StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Morgan Stanley raised their target price on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, Barclays lowered their price target on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $505.88.

Motorola Solutions Stock Up 0.3 %

Shares of NYSE:MSI opened at $432.71 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. The firm has a market cap of $72.23 billion, a P/E ratio of 46.93, a P/E/G ratio of 3.82 and a beta of 1.03. Motorola Solutions, Inc. has a 12 month low of $332.98 and a 12 month high of $507.82. The company’s 50-day moving average price is $444.11 and its two-hundred day moving average price is $459.34.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.10). The company 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%. As a group, research analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

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

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.