Norris Perne & French LLP MI Sells 3,559 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Norris Perne & French LLP MI lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,082 shares of the communications equipment provider’s stock after selling 3,559 shares during the period. Motorola Solutions accounts for about 1.5% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 26th largest position. Norris Perne & French LLP MI’s holdings in Motorola Solutions were worth $21,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of MSI. Algert Global LLC grew its position in shares of Motorola Solutions by 75.7% during the second quarter. Algert Global LLC now owns 1,469 shares of the communications equipment provider’s stock valued at $567,000 after purchasing an additional 633 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Motorola Solutions by 136.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 19,297 shares of the communications equipment provider’s stock valued at $7,450,000 after buying an additional 11,122 shares in the last quarter. Quarry LP increased its stake in Motorola Solutions by 177.0% in the 2nd quarter. Quarry LP now owns 169 shares of the communications equipment provider’s stock worth $65,000 after acquiring an additional 108 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Motorola Solutions by 13.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 4,402 shares of the communications equipment provider’s stock worth $1,704,000 after acquiring an additional 529 shares in the last quarter. Finally, Advisory Alpha LLC bought a new position in shares of Motorola Solutions during the 2nd quarter valued at approximately $244,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MSI. Bank of America upped their price target 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. 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 report on Tuesday, December 17th. Barclays lifted their price target on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft upped their price objective on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Raymond James increased their price target on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $504.88.

Motorola Solutions Stock Up 2.0 %

Shares of NYSE MSI opened at $472.62 on Friday. Motorola Solutions, Inc. has a 12-month low of $314.84 and a 12-month high of $507.82. The stock’s fifty day simple moving average is $473.48 and its two-hundred day simple moving average is $452.48. The stock has a market capitalization of $78.98 billion, a PE ratio of 51.77, a price-to-earnings-growth ratio of 3.41 and a beta of 1.01. 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 (NYSE:MSI) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.36. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. As a group, analysts expect that Motorola Solutions, Inc. will post 12.57 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were given a $1.09 dividend. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.92%. Motorola Solutions’s dividend payout ratio (DPR) is presently 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.