Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Fortis Capital Management LLC

Fortis Capital Management LLC lowered its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 27.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,897 shares of the communications equipment provider’s stock after selling 708 shares during the quarter. Fortis Capital Management LLC’s holdings in Motorola Solutions were worth $877,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MSI. First Horizon Advisors Inc. raised its stake in Motorola Solutions by 25.2% during the third quarter. First Horizon Advisors Inc. now owns 398 shares of the communications equipment provider’s stock valued at $179,000 after buying an additional 80 shares in the last quarter. King Luther Capital Management Corp raised its stake in Motorola Solutions by 3.0% during the third quarter. King Luther Capital Management Corp now owns 988 shares of the communications equipment provider’s stock valued at $444,000 after buying an additional 29 shares in the last quarter. Integrated Investment Consultants LLC acquired a new stake in Motorola Solutions during the third quarter valued at approximately $223,000. Pacer Advisors Inc. raised its position in shares of Motorola Solutions by 15.8% during the 3rd quarter. Pacer Advisors Inc. now owns 25,118 shares of the communications equipment provider’s stock worth $11,294,000 after purchasing an additional 3,430 shares during the period. Finally, Nwam LLC raised its position in shares of Motorola Solutions by 39.9% during the 3rd quarter. Nwam LLC now owns 1,230 shares of the communications equipment provider’s stock worth $553,000 after purchasing an additional 351 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.3 %

MSI opened at $423.39 on Friday. Motorola Solutions, Inc. has a 12 month low of $332.98 and a 12 month high of $507.82. 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 stock has a market cap of $70.68 billion, a P/E ratio of 45.92, a P/E/G ratio of 3.82 and a beta of 1.03. The stock’s 50 day moving average price is $446.45 and its 200 day moving average price is $459.64.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 EPS 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 predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, March 14th. Motorola Solutions’s dividend payout ratio is currently 47.29%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barclays dropped their price target on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. 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 research report on Friday, February 14th. Finally, StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $505.88.

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.