Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Abacus Wealth Partners LLC

Abacus Wealth Partners LLC cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 4.3% in the 4th quarter, Holdings Channel reports. The fund owned 1,020 shares of the communications equipment provider’s stock after selling 46 shares during the period. Abacus Wealth Partners LLC’s holdings in Motorola Solutions were worth $471,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. FSA Wealth Management LLC bought a new stake in shares of Motorola Solutions in the third quarter worth $29,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Motorola Solutions during the 3rd quarter worth $31,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Motorola Solutions in the 2nd quarter worth about $32,000. Planning Capital Management Corp acquired a new stake in shares of Motorola Solutions in the 3rd quarter valued at about $32,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Motorola Solutions in the 3rd quarter valued at about $33,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Motorola Solutions Stock Performance

Shares of MSI opened at $465.23 on Tuesday. The firm has a fifty day moving average of $477.21 and a 200-day moving average of $448.39. The company has a market cap of $77.75 billion, a price-to-earnings ratio of 50.96, a price-to-earnings-growth ratio of 3.42 and a beta of 1.01. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. Motorola Solutions, Inc. has a 1 year low of $314.84 and a 1 year high of $507.82.

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 analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. As a group, equities analysts anticipate 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 was paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th were paid a dividend of $1.09 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.36 annualized dividend and a yield of 0.94%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s payout ratio 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.