Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its stake in Motorola Solutions, Inc. (NYSE:MSI) by 5.5% in the third quarter, Holdings Channel reports. The fund owned 12,488 shares of the communications equipment provider’s stock after selling 730 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Motorola Solutions were worth $5,615,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MSI. Coldstream Capital Management Inc. boosted its holdings in Motorola Solutions by 13.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,597 shares of the communications equipment provider’s stock valued at $1,631,000 after acquiring an additional 417 shares during the period. Geode Capital Management LLC boosted its stake in Motorola Solutions by 2.4% in the third quarter. Geode Capital Management LLC now owns 3,736,045 shares of the communications equipment provider’s stock valued at $1,675,588,000 after acquiring an additional 89,320 shares in the last quarter. Frisch Financial Group Inc. purchased a new position in Motorola Solutions during the 3rd quarter worth approximately $339,000. M&T Bank Corp increased its holdings in shares of Motorola Solutions by 2.8% in the 3rd quarter. M&T Bank Corp now owns 18,410 shares of the communications equipment provider’s stock valued at $8,278,000 after acquiring an additional 497 shares during the period. Finally, Barclays PLC increased its stake in Motorola Solutions by 29.6% in the third quarter. Barclays PLC now owns 723,835 shares of the communications equipment provider’s stock valued at $325,455,000 after purchasing an additional 165,353 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Stock Performance

NYSE MSI opened at $469.52 on Friday. The business’s 50-day moving average price is $477.93 and its 200 day moving average price is $431.47. 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 twelve month low of $307.09 and a twelve month high of $507.82. The company has a market capitalization of $78.47 billion, a PE ratio of 51.43, a price-to-earnings-growth ratio of 3.77 and a beta of 0.99.

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 return on equity of 251.96% and a net margin of 14.65%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. On average, research analysts predict that Motorola Solutions, Inc. will post 12.57 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. Stockholders of record on Friday, December 13th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.93%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, December 13th. Motorola Solutions’s payout ratio is presently 42.94%.

Analysts Set New Price Targets

Several brokerages have weighed in on MSI. Deutsche Bank Aktiengesellschaft lifted their target price on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Bank of America boosted their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays lifted 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 upped 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. Finally, Evercore ISI upped their target price on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $506.29.

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.