NewEdge Wealth LLC Sells 3,192 Shares of Motorola Solutions, Inc. (NYSE:MSI)

NewEdge Wealth LLC trimmed its position in Motorola Solutions, Inc. (NYSE:MSI) by 37.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,398 shares of the communications equipment provider’s stock after selling 3,192 shares during the quarter. NewEdge Wealth LLC’s holdings in Motorola Solutions were worth $2,495,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MSI. Mizuho Securities USA LLC boosted its position in Motorola Solutions by 4,447.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 584,901 shares of the communications equipment provider’s stock valued at $262,989,000 after buying an additional 572,040 shares during the last quarter. State Street Corp lifted its stake in shares of Motorola Solutions by 2.7% in the 3rd quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider’s stock valued at $3,358,848,000 after purchasing an additional 198,183 shares during the period. Barclays PLC lifted its stake in shares of Motorola Solutions by 29.6% in the 3rd quarter. Barclays PLC now owns 723,835 shares of the communications equipment provider’s stock valued at $325,455,000 after purchasing an additional 165,353 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Motorola Solutions by 27.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 634,815 shares of the communications equipment provider’s stock valued at $285,432,000 after purchasing an additional 136,552 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Motorola Solutions by 44.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 406,910 shares of the communications equipment provider’s stock valued at $182,959,000 after purchasing an additional 125,351 shares during the period. 84.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MSI has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Barclays cut their price target on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Raymond James increased their price target on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Morgan Stanley increased their price target 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, StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $505.88.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $441.37 on Friday. The company has a market capitalization of $73.68 billion, a PE ratio of 47.87, a PEG ratio of 3.82 and a beta of 1.02. Motorola Solutions, Inc. has a 12 month low of $328.13 and a 12 month high of $507.82. 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 stock’s fifty day simple moving average is $459.38 and its 200 day simple moving average is $460.31.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data 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 business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3 billion. On average, research analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

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. This represents a $4.36 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, March 14th. Motorola Solutions’s dividend payout ratio is 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.