Korea Investment CORP Decreases Stake in Motorola Solutions, Inc. (NYSE:MSI)

Korea Investment CORP reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,129 shares of the communications equipment provider’s stock after selling 4,784 shares during the period. Korea Investment CORP owned 0.08% of Motorola Solutions worth $64,310,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Cerity Partners LLC boosted its holdings in Motorola Solutions by 36.2% in the 3rd quarter. Cerity Partners LLC now owns 18,041 shares of the communications equipment provider’s stock valued at $8,112,000 after purchasing an additional 4,793 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Motorola Solutions by 44.3% during the 3rd quarter. Fisher Asset Management LLC now owns 2,150 shares of the communications equipment provider’s stock valued at $967,000 after buying an additional 660 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in Motorola Solutions by 24.0% in the third quarter. Brown Brothers Harriman & Co. now owns 439 shares of the communications equipment provider’s stock valued at $197,000 after acquiring an additional 85 shares during the last quarter. Truvestments Capital LLC purchased a new position in Motorola Solutions in the third quarter worth approximately $58,000. Finally, The Manufacturers Life Insurance Company increased its stake in Motorola Solutions by 0.4% during the third quarter. The Manufacturers Life Insurance Company now owns 105,334 shares of the communications equipment provider’s stock worth $47,361,000 after acquiring an additional 417 shares during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSI has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, Barclays reduced their price target on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $505.88.

Motorola Solutions Stock Performance

NYSE MSI opened at $432.71 on Friday. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13. The company has a market cap of $72.23 billion, a P/E ratio of 46.93, a P/E/G ratio of 3.82 and a beta of 1.03. The stock has a 50-day moving average of $444.11 and a two-hundred day moving average of $459.34. Motorola Solutions, Inc. has a 1-year low of $332.98 and a 1-year high of $507.82.

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

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, March 14th. Motorola Solutions’s dividend 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.