Citigroup Inc. Sells 57,839 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Citigroup Inc. reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 26.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,865 shares of the communications equipment provider’s stock after selling 57,839 shares during the period. Citigroup Inc. owned about 0.10% of Motorola Solutions worth $71,880,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MSI. MFA Wealth Advisors LLC acquired a new stake in Motorola Solutions in the 2nd quarter valued at $25,000. Beacon Capital Management LLC increased its position in shares of Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 28 shares during the last quarter. LRI Investments LLC increased its position in shares of Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 61 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in Motorola Solutions during the second quarter worth about $29,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Motorola Solutions during the third quarter valued at approximately $31,000. 84.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MSI has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group upped their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Bank of America lifted their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, Raymond James lifted their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $493.43.

Motorola Solutions Trading Up 1.2 %

Shares of NYSE:MSI opened at $500.90 on Friday. Motorola Solutions, Inc. has a 12-month low of $307.09 and a 12-month high of $507.82. The business has a 50 day moving average of $465.80 and a 200-day moving average of $419.86. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. The stock has a market cap of $83.71 billion, a PE ratio of 54.86, a P/E/G ratio of 4.06 and a beta of 0.97.

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

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a yield of 0.87%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s payout ratio is currently 42.94%.

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.