Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Korea Investment CORP

Korea Investment CORP lessened its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.3% in the 4th quarter, HoldingsChannel reports. The fund owned 139,129 shares of the communications equipment provider’s stock after selling 4,784 shares during the period. Korea Investment CORP’s holdings in Motorola Solutions were worth $64,310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Motorola Solutions during the 4th quarter worth $878,000. Murphy & Mullick Capital Management Corp acquired a new stake in Motorola Solutions in the fourth quarter valued at $56,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Motorola Solutions by 0.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 224,385 shares of the communications equipment provider’s stock worth $103,717,000 after purchasing an additional 1,146 shares during the last quarter. Prestige Wealth Management Group LLC lifted its position in shares of Motorola Solutions by 11.9% during the 4th quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider’s stock worth $109,000 after buying an additional 25 shares during the last quarter. Finally, Zions Bancorporation N.A. lifted its position in Motorola Solutions by 51.0% in the fourth quarter. Zions Bancorporation N.A. now owns 6,280 shares of the communications equipment provider’s stock valued at $2,903,000 after acquiring an additional 2,121 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

MSI has been the subject of a number of research reports. Barclays reduced their price objective on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Morgan Stanley raised their price objective on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $505.88.

Motorola Solutions Trading Up 0.3 %

NYSE:MSI opened at $432.71 on Friday. The stock has a market capitalization of $72.23 billion, a price-to-earnings ratio of 46.93, a PEG ratio of 3.82 and a beta of 1.03. Motorola Solutions, Inc. has a 1 year low of $332.98 and a 1 year high of $507.82. The stock has a fifty day moving average price of $444.11 and a two-hundred day moving average price of $459.34. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3 billion. As a group, sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a dividend of $1.09 per share. The ex-dividend date is Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a yield of 1.01%. Motorola Solutions’s payout ratio is 47.29%.

Motorola Solutions Company 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.