Hartford Investment Management Co. Decreases Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Hartford Investment Management Co. reduced its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,334 shares of the communications equipment provider’s stock after selling 160 shares during the quarter. Hartford Investment Management Co.’s holdings in Motorola Solutions were worth $4,777,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MSI. Exchange Traded Concepts LLC grew its stake in Motorola Solutions by 2.1% during the third quarter. Exchange Traded Concepts LLC now owns 6,538 shares of the communications equipment provider’s stock worth $2,940,000 after buying an additional 137 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in Motorola Solutions by 43.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 546 shares of the communications equipment provider’s stock worth $245,000 after buying an additional 166 shares during the period. Creative Planning grew its stake in Motorola Solutions by 9.4% during the third quarter. Creative Planning now owns 27,171 shares of the communications equipment provider’s stock worth $12,217,000 after buying an additional 2,324 shares during the period. Kapitalo Investimentos Ltda purchased a new position in shares of Motorola Solutions in the third quarter valued at $245,000. Finally, nVerses Capital LLC boosted its stake in shares of Motorola Solutions by 23.8% in the third quarter. nVerses Capital LLC now owns 2,600 shares of the communications equipment provider’s stock valued at $1,169,000 after purchasing an additional 500 shares during the period. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MSI has been the subject of several analyst reports. Bank of America upped their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Barclays upped 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. Morgan Stanley upped their target price on shares of Motorola Solutions from $430.00 to $495.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Raymond James upped their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, StockNews.com downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Motorola Solutions has a consensus rating of “Moderate Buy” and an average target price of $504.88.

Motorola Solutions Trading Down 1.5 %

MSI opened at $474.54 on Wednesday. The stock has a market capitalization of $79.30 billion, a PE ratio of 51.98, a P/E/G ratio of 3.54 and a beta of 1.02. The firm’s fifty day moving average price is $470.08 and its 200 day moving average price is $457.58. 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, Inc. has a 12-month low of $314.84 and a 12-month high of $507.82.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 13th were issued a $1.09 dividend. The ex-dividend date of this dividend was Friday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a yield of 0.92%. Motorola Solutions’s dividend payout ratio is currently 47.75%.

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.