Retirement Systems of Alabama Sells 281 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Retirement Systems of Alabama decreased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.8% during the fourth quarter, HoldingsChannel reports. The firm owned 36,184 shares of the communications equipment provider’s stock after selling 281 shares during the quarter. Retirement Systems of Alabama’s holdings in Motorola Solutions were worth $16,725,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MSI. Synergy Asset Management LLC bought a new position in shares of Motorola Solutions in the 4th quarter worth about $25,000. Crews Bank & Trust bought a new stake in shares of Motorola Solutions in the 4th quarter worth approximately $26,000. FSA Wealth Management LLC purchased a new stake in shares of Motorola Solutions in the 3rd quarter worth approximately $29,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Motorola Solutions during the 3rd quarter valued at approximately $31,000. Finally, Planning Capital Management Corp purchased a new position in Motorola Solutions during the third quarter valued at $32,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MSI shares. Morgan Stanley increased their target price on Motorola Solutions from $430.00 to $495.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Bank of America raised their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Barclays upped their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Raymond James raised 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. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $504.88.

Motorola Solutions Stock Up 0.2 %

Shares of MSI opened at $481.83 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. Motorola Solutions, Inc. has a 52-week low of $314.84 and a 52-week high of $507.82. The company has a market cap of $80.52 billion, a PE ratio of 52.77, a P/E/G ratio of 3.45 and a beta of 1.02. The business has a fifty day moving average of $471.19 and a 200 day moving average of $455.27.

Motorola Solutions (NYSE:MSI) last released its 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. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. On average, sell-side analysts expect that Motorola Solutions, Inc. will post 12.57 EPS for the current year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, December 13th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s payout ratio is currently 47.75%.

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.