Picton Mahoney Asset Management Reduces Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Picton Mahoney Asset Management reduced its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.7% during the 4th quarter, HoldingsChannel reports. The firm owned 25,489 shares of the communications equipment provider’s stock after selling 970 shares during the period. Picton Mahoney Asset Management’s holdings in Motorola Solutions were worth $11,782,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Synergy Asset Management LLC acquired a new stake in shares of Motorola Solutions in the fourth quarter valued at about $25,000. Crews Bank & Trust purchased a new stake in Motorola Solutions in the fourth quarter valued at approximately $26,000. FSA Wealth Management LLC purchased a new stake in Motorola Solutions in the third quarter valued at approximately $29,000. First Command Advisory Services Inc. purchased a new stake in Motorola Solutions during the fourth quarter worth approximately $29,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Motorola Solutions during the fourth quarter worth approximately $30,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on MSI shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays lowered their price target on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Morgan Stanley upped their price target on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $505.88.

Motorola Solutions Stock Up 1.0 %

MSI stock opened at $418.07 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. The business’s 50 day simple moving average is $450.02 and its 200 day simple moving average is $460.04. Motorola Solutions, Inc. has a 1-year low of $332.98 and a 1-year high of $507.82. The firm has a market capitalization of $69.79 billion, a PE ratio of 45.34, a PEG ratio of 3.82 and a beta of 1.03.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.10). Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3 billion. As a group, research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a $1.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a yield of 1.04%. Motorola Solutions’s payout ratio is currently 47.29%.

About Motorola Solutions

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.