Main Street Financial Solutions LLC Reduces Position in Motorola Solutions, Inc. (NYSE:MSI)

Main Street Financial Solutions LLC decreased its position in Motorola Solutions, Inc. (NYSE:MSI) by 6.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 803 shares of the communications equipment provider’s stock after selling 58 shares during the period. Main Street Financial Solutions LLC’s holdings in Motorola Solutions were worth $361,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in Motorola Solutions by 59,189.5% during the 3rd 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. Swedbank AB raised its holdings 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 in the last quarter. Wulff Hansen & CO. lifted its stake 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 acquiring an additional 694,630 shares during the period. National Bank of Canada FI boosted its holdings in Motorola Solutions by 428.2% in the second quarter. National Bank of Canada FI now owns 501,601 shares of the communications equipment provider’s stock valued at $193,798,000 after acquiring an additional 406,638 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Motorola Solutions by 1,477.3% in the first quarter. Janus Henderson Group PLC now owns 358,206 shares of the communications equipment provider’s stock valued at $127,149,000 after acquiring an additional 335,496 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Price Performance

NYSE MSI opened at $493.70 on Friday. 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 12 month low of $307.09 and a 12 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’s 50 day moving average is $458.10 and its two-hundred day moving average is $412.66.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. As a group, research analysts anticipate that Motorola Solutions, Inc. will post 12.26 earnings per share for the current year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 0.88%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is currently 42.94%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays boosted their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Raymond James increased their target price on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Jefferies Financial Group lifted their price target on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Bank of America upped their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $493.43.

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.