Pinebridge Investments L.P. Sells 25,717 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Pinebridge Investments L.P. reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 10.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 213,847 shares of the communications equipment provider’s stock after selling 25,717 shares during the quarter. Motorola Solutions comprises 0.8% of Pinebridge Investments L.P.’s portfolio, making the stock its 18th biggest holding. Pinebridge Investments L.P.’s holdings in Motorola Solutions were worth $98,846,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MSI. Synergy Asset Management LLC bought a new position in Motorola Solutions during the 4th quarter worth approximately $25,000. Crews Bank & Trust purchased a new stake in shares of Motorola Solutions during the fourth quarter valued at approximately $26,000. First Command Advisory Services Inc. bought a new position in shares of Motorola Solutions in the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Motorola Solutions in the fourth quarter worth $30,000. Finally, Meeder Asset Management Inc. bought a new stake in Motorola Solutions during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Up 1.8 %

Shares of NYSE:MSI opened at $419.66 on Wednesday. The firm has a market capitalization of $70.07 billion, a P/E ratio of 45.52, a P/E/G ratio of 3.82 and a beta of 0.94. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. The stock has a 50 day moving average price of $423.27 and a 200-day moving average price of $455.95. Motorola Solutions, Inc. has a 52-week low of $332.98 and a 52-week high of $507.82.

Motorola Solutions (NYSE:MSI) last posted 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 firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. As a group, equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, March 14th. Motorola Solutions’s dividend payout ratio is 47.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Morgan Stanley boosted their price target on Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a report on Thursday, April 17th. Finally, Barclays reduced their target price on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $515.25.

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.