Moors & Cabot Inc. Reduces Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Moors & Cabot Inc. trimmed its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.3% in the third quarter, Holdings Channel reports. The firm owned 3,066 shares of the communications equipment provider’s stock after selling 41 shares during the period. Moors & Cabot Inc.’s holdings in Motorola Solutions were worth $1,379,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Crewe Advisors LLC acquired a new position in Motorola Solutions during the first quarter worth $28,000. EP Wealth Advisors LLC increased its stake in Motorola Solutions by 57.7% during the 1st quarter. EP Wealth Advisors LLC now owns 2,186 shares of the communications equipment provider’s stock worth $776,000 after buying an additional 800 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Motorola Solutions by 83.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 83,906 shares of the communications equipment provider’s stock worth $29,785,000 after buying an additional 38,212 shares in the last quarter. Alpine Global Management LLC acquired a new position in shares of Motorola Solutions in the first quarter worth $2,228,000. Finally, BOKF NA increased its position in shares of Motorola Solutions by 51.8% during the first quarter. BOKF NA now owns 22,690 shares of the communications equipment provider’s stock worth $8,023,000 after acquiring an additional 7,744 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Bank of America lifted their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Evercore ISI increased their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Barclays raised their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $493.43.

Motorola Solutions Price Performance

Shares of MSI opened at $494.82 on Friday. 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 firm has a market capitalization of $82.69 billion, a PE ratio of 54.20, a P/E/G ratio of 4.00 and a beta of 0.97. The stock’s 50 day moving average is $464.62 and its two-hundred day moving average is $418.38.

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. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. Research analysts anticipate that Motorola Solutions, Inc. will post 12.48 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. Shareholders of record on Friday, December 13th will be issued a dividend of $1.09 per share. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, December 13th. Motorola Solutions’s dividend payout ratio (DPR) is 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.