Wells Fargo & Company MN Trims Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Wells Fargo & Company MN lowered its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 9.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 316,869 shares of the communications equipment provider’s stock after selling 31,605 shares during the period. Wells Fargo & Company MN’s holdings in Motorola Solutions were worth $146,466,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSI. Centiva Capital LP bought a new position in shares of Motorola Solutions in the third quarter worth about $330,000. IHT Wealth Management LLC boosted its stake in Motorola Solutions by 16.1% in the 3rd quarter. IHT Wealth Management LLC now owns 1,455 shares of the communications equipment provider’s stock worth $654,000 after purchasing an additional 202 shares during the period. Morse Asset Management Inc grew its holdings in Motorola Solutions by 2.3% during the 3rd quarter. Morse Asset Management Inc now owns 1,555 shares of the communications equipment provider’s stock valued at $699,000 after buying an additional 35 shares in the last quarter. Insigneo Advisory Services LLC bought a new stake in shares of Motorola Solutions during the third quarter valued at approximately $348,000. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Motorola Solutions by 6.7% in the third quarter. EP Wealth Advisors LLC now owns 1,819 shares of the communications equipment provider’s stock worth $818,000 after buying an additional 114 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSI has been the subject of several research analyst reports. Barclays cut their target price on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley boosted 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $505.88.

Motorola Solutions Stock Down 7.7 %

Shares of NYSE:MSI opened at $401.91 on Monday. The company has a market cap of $67.10 billion, a price-to-earnings ratio of 43.59, a PEG ratio of 3.82 and a beta of 0.94. Motorola Solutions, Inc. has a 12 month low of $332.98 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 company has a 50-day moving average price of $439.25 and a 200 day moving average price of $459.26.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data 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 company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. As a group, equities research analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Friday, March 14th. Motorola Solutions’s 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.