Riverbridge Partners LLC Sells 3,173 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Riverbridge Partners LLC cut its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 3.7% in the fourth quarter, Holdings Channel.com reports. The fund 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 SEC filing.

Several other large investors also recently added to or reduced their stakes in MSI. State Street Corp raised 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 acquiring an additional 198,183 shares in the last quarter. Geode Capital Management LLC raised its holdings in Motorola Solutions by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,736,045 shares of the communications equipment provider’s stock worth $1,675,588,000 after acquiring an additional 89,320 shares during the period. Legal & General Group Plc lifted its position in Motorola Solutions by 7.7% during the 2nd quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock worth $590,911,000 after acquiring an additional 110,072 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Motorola Solutions by 59,189.5% in the third quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock valued at $435,064,000 after purchasing an additional 965,972 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Motorola Solutions by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 900,171 shares of the communications equipment provider’s stock valued at $404,744,000 after buying an additional 8,651 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Stock Up 0.9 %

Shares of MSI opened at $471.90 on Thursday. The business’s 50 day simple moving average is $475.49 and its 200-day simple moving average is $449.68. Motorola Solutions, Inc. has a one year low of $314.84 and a one year high of $507.82. The company has a market capitalization of $78.86 billion, a P/E ratio of 51.69, a PEG ratio of 3.44 and a beta of 1.01. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. As a group, sell-side analysts predict that Motorola Solutions, Inc. will post 12.57 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend 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 dividend payout ratio is presently 47.75%.

Analyst Ratings Changes

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

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.