Kentucky Retirement Systems Decreases Stake in Motorola Solutions, Inc. (NYSE:MSI)

Kentucky Retirement Systems lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 7.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,623 shares of the communications equipment provider’s stock after selling 945 shares during the period. Kentucky Retirement Systems’ holdings in Motorola Solutions were worth $5,226,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MSI. Raymond James & Associates increased its holdings in shares of Motorola Solutions by 3.7% in the second quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock valued at $895,494,000 after purchasing an additional 82,044 shares during the last quarter. Legal & General Group Plc grew its holdings in Motorola Solutions by 7.7% in the 2nd quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock valued at $590,911,000 after buying an additional 110,072 shares in the last quarter. Swedbank AB increased its stake in shares of Motorola Solutions by 215.7% in the 2nd quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock worth $395,298,000 after acquiring an additional 699,615 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Motorola Solutions by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider’s stock worth $383,614,000 after acquiring an additional 4,984 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of Motorola Solutions by 59,189.5% during the 3rd quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock valued at $435,064,000 after acquiring an additional 965,972 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Trading Down 1.0 %

NYSE MSI opened at $489.00 on Friday. The firm has a market cap of $81.72 billion, a price-to-earnings ratio of 53.56, a PEG ratio of 4.09 and a beta of 0.97. Motorola Solutions, Inc. has a one year low of $307.09 and a one year high of $507.82. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The firm has a 50 day simple moving average of $460.37 and a 200-day simple moving average of $414.73.

Motorola Solutions (NYSE:MSI) last issued its quarterly 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. 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 for the quarter, compared to the consensus estimate of $2.76 billion. Equities research analysts anticipate that Motorola Solutions, Inc. will post 12.48 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 dividend on an annualized basis and a yield of 0.89%. Motorola Solutions’s dividend payout ratio (DPR) is currently 42.94%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MSI shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Raymond James lifted their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. increased their price objective on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI lifted their target price on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, Jefferies Financial Group increased their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Motorola Solutions has an average rating of “Buy” and an average target price of $493.43.

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.