Intech Investment Management LLC Sells 1,398 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Intech Investment Management LLC reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 12.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,865 shares of the communications equipment provider’s stock after selling 1,398 shares during the period. Intech Investment Management LLC’s holdings in Motorola Solutions were worth $4,436,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versor Investments LP bought a new stake in Motorola Solutions during the third quarter valued at about $449,000. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Motorola Solutions by 32.9% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock worth $138,210,000 after purchasing an additional 88,603 shares during the last quarter. Magnolia Capital Advisors LLC bought a new stake in Motorola Solutions during the 2nd quarter valued at approximately $19,694,000. Los Angeles Capital Management LLC grew its holdings in Motorola Solutions by 8.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock valued at $184,088,000 after buying an additional 32,157 shares during the last quarter. Finally, Heritage Wealth Management Inc. bought a new position in Motorola Solutions in the 2nd quarter worth approximately $790,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Up 1.2 %

NYSE MSI opened at $500.90 on Friday. Motorola Solutions, Inc. has a 1-year low of $307.09 and a 1-year high of $507.82. The company has a market capitalization of $83.71 billion, a price-to-earnings ratio of 54.86, a PEG ratio of 4.00 and a beta of 0.97. The stock’s 50 day moving average is $465.80 and its two-hundred day moving average is $419.43. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating 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 business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Equities analysts forecast that Motorola Solutions, Inc. will post 12.48 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is 42.94%.

Analyst Ratings Changes

MSI has been the subject of several research reports. Jefferies Financial Group increased their price objective on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Raymond James increased their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Barclays boosted 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. Evercore ISI lifted their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, Motorola Solutions has a consensus rating of “Buy” and a consensus target price of $493.43.

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.