Harrell Investment Partners LLC Sells 266 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Harrell Investment Partners LLC lowered its stake in Motorola Solutions, Inc. (NYSE:MSI) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,074 shares of the communications equipment provider’s stock after selling 266 shares during the period. Motorola Solutions makes up approximately 3.1% of Harrell Investment Partners LLC’s portfolio, making the stock its 7th biggest holding. Harrell Investment Partners LLC’s holdings in Motorola Solutions were worth $11,128,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. World Investment Advisors LLC boosted its stake in shares of Motorola Solutions by 5,403.9% during the 3rd quarter. World Investment Advisors LLC now owns 35,720 shares of the communications equipment provider’s stock worth $16,061,000 after acquiring an additional 35,071 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Motorola Solutions during the 3rd quarter worth approximately $449,000. Groupama Asset Managment boosted its stake in shares of Motorola Solutions by 8.6% during the 3rd quarter. Groupama Asset Managment now owns 587,077 shares of the communications equipment provider’s stock worth $263,967,000 after acquiring an additional 46,731 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new stake in shares of Motorola Solutions during the 2nd quarter worth approximately $19,694,000. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Motorola Solutions by 8.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock worth $184,088,000 after acquiring an additional 32,157 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Trading Up 0.7 %

Shares of MSI stock opened at $479.49 on Friday. The firm has a 50-day moving average price of $474.94 and a 200 day moving average price of $450.48. Motorola Solutions, Inc. has a twelve month low of $314.84 and a twelve month high of $507.82. The company has a market capitalization of $80.13 billion, a price-to-earnings ratio of 52.52, a PEG ratio of 3.47 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 quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating 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 company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Research analysts forecast that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were paid a dividend of $1.09 per share. The ex-dividend date was Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.91%. 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

Several equities research analysts have recently commented on MSI shares. Morgan Stanley boosted their price target on Motorola Solutions from $430.00 to $495.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft boosted their price target on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Raymond James boosted their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Barclays lifted their price objective on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Bank of America lifted their price objective on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $504.88.

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.