Dearborn Partners LLC Sells 1,877 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Dearborn Partners LLC reduced its stake in Motorola Solutions, Inc. (NYSE:MSI) by 2.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 81,760 shares of the communications equipment provider’s stock after selling 1,877 shares during the quarter. Dearborn Partners LLC’s holdings in Motorola Solutions were worth $36,762,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in Motorola Solutions by 59,189.5% during the third quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock worth $435,064,000 after purchasing an additional 965,972 shares during the last quarter. Swedbank AB increased its position in shares of Motorola Solutions by 215.7% during the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after acquiring an additional 699,615 shares during the last quarter. Wulff Hansen & CO. boosted its position in Motorola Solutions by 38,505.0% in the second quarter. Wulff Hansen & CO. now owns 696,434 shares of the communications equipment provider’s stock worth $268,858,000 after purchasing an additional 694,630 shares during the last quarter. National Bank of Canada FI increased its position in shares of Motorola Solutions by 428.2% during the 2nd quarter. National Bank of Canada FI now owns 501,601 shares of the communications equipment provider’s stock valued at $193,798,000 after purchasing an additional 406,638 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Motorola Solutions by 1,477.3% during the 1st quarter. Janus Henderson Group PLC now owns 358,206 shares of the communications equipment provider’s stock worth $127,149,000 after purchasing an additional 335,496 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Price Performance

Shares of MSI stock opened at $493.70 on Friday. Motorola Solutions, Inc. has a twelve month low of $307.09 and a twelve month high of $507.82. The stock has a market cap of $82.51 billion, a price-to-earnings ratio of 54.07, a PEG ratio of 4.15 and a beta of 0.97. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. The business’s fifty day moving average is $458.10 and its 200 day moving average is $412.66.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results 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. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. Research analysts expect that Motorola Solutions, Inc. will post 12.26 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a $1.09 dividend. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 dividend on an annualized basis and a yield of 0.88%. Motorola Solutions’s payout ratio is 42.94%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MSI. Bank of America increased their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their price target on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group increased their price objective on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, Evercore ISI upped their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Motorola Solutions has a consensus rating of “Buy” and a consensus price target of $493.43.

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.