Illinois Municipal Retirement Fund Increases Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Illinois Municipal Retirement Fund increased its position in Motorola Solutions, Inc. (NYSE:MSI) by 87.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 26,562 shares of the communications equipment provider’s stock after buying an additional 12,426 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Motorola Solutions were worth $12,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MSI. World Investment Advisors LLC raised its holdings in Motorola Solutions by 5,403.9% in the third quarter. World Investment Advisors LLC now owns 35,720 shares of the communications equipment provider’s stock valued at $16,061,000 after acquiring an additional 35,071 shares in the last quarter. Versor Investments LP acquired a new stake in Motorola Solutions in the third quarter valued at $449,000. Groupama Asset Managment raised its holdings in Motorola Solutions by 8.6% in the third quarter. Groupama Asset Managment now owns 587,077 shares of the communications equipment provider’s stock valued at $263,967,000 after acquiring an additional 46,731 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in Motorola Solutions by 8.5% in the third quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock valued at $184,088,000 after acquiring an additional 32,157 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in Motorola Solutions in the third quarter valued at $33,423,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Morgan Stanley upped their price target on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Raymond James increased their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Barclays dropped their target price on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Motorola Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $505.88.

Motorola Solutions Stock Up 1.2 %

Motorola Solutions stock opened at $425.77 on Wednesday. The company has a 50-day simple moving average of $461.37 and a 200-day simple moving average of $460.57. The firm has a market capitalization of $71.08 billion, a P/E ratio of 46.18, a P/E/G ratio of 3.82 and a beta of 1.02. 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, Inc. has a one year low of $326.22 and a one year high of $507.82.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.10). The firm had revenue of $3.01 billion for 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 analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 1.02%. Motorola Solutions’s dividend payout ratio is currently 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.