Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lowered its position in Motorola Solutions, Inc. (NYSE:MSI) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,242 shares of the communications equipment provider’s stock after selling 3,173 shares during the quarter. Riverbridge Partners LLC’s holdings in Motorola Solutions were worth $38,015,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MSI. FSA Wealth Management LLC acquired a new stake in Motorola Solutions in the 3rd quarter valued at approximately $29,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Motorola Solutions in the third quarter worth $31,000. Planning Capital Management Corp bought a new position in shares of Motorola Solutions in the third quarter worth $32,000. MidAtlantic Capital Management Inc. acquired a new stake in Motorola Solutions in the third quarter worth about $33,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Motorola Solutions in the 2nd quarter valued at about $32,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

MSI stock opened at $471.90 on Thursday. The firm has a 50-day moving average of $475.49 and a two-hundred day moving average of $449.68. The firm has a market capitalization of $78.86 billion, a PE ratio of 51.69, a P/E/G ratio of 3.44 and a beta of 1.01. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. Motorola Solutions, Inc. has a one year low of $314.84 and a one year high of $507.82.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. On average, analysts forecast that Motorola Solutions, Inc. will post 12.57 earnings per share for the current year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 13th were given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 0.92%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date was Friday, December 13th. Motorola Solutions’s payout ratio is presently 47.75%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Bank of America boosted their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their target price on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley boosted their price objective on Motorola Solutions from $430.00 to $495.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Raymond James lifted their target price on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Barclays lifted their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Motorola Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $504.88.

Motorola Solutions 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.