Segall Bryant & Hamill LLC Cuts Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Segall Bryant & Hamill LLC lessened its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,193 shares of the communications equipment provider’s stock after selling 389 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Motorola Solutions were worth $14,925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. MFA Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions in the second quarter valued at approximately $25,000. Beacon Capital Management LLC grew its stake in shares of Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares during the period. LRI Investments LLC grew its stake in shares of Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 61 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Motorola Solutions in the 3rd quarter valued at about $31,000. Finally, Planning Capital Management Corp acquired a new stake in shares of Motorola Solutions in the third quarter valued at about $32,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Up 1.1 %

Shares of NYSE:MSI opened at $492.60 on Thursday. The company has a market capitalization of $82.32 billion, a P/E ratio of 53.95, a P/E/G ratio of 4.02 and a beta of 0.97. The stock’s fifty day simple moving average is $463.52 and its 200-day simple moving average is $417.84. Motorola Solutions, Inc. has a 52-week low of $307.09 and a 52-week high of $507.82. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.36. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. As a group, equities research analysts forecast that Motorola Solutions, Inc. will post 12.48 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.89%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio is currently 47.75%.

Analysts Set New Price Targets

MSI has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Evercore ISI raised their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Jefferies Financial Group boosted their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Barclays raised their price target on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, Motorola Solutions 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.