PNC Financial Services Group Inc. lowered its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 421,168 shares of the communications equipment provider's stock after selling 2,959 shares during the quarter. PNC Financial Services Group Inc. owned 0.25% of Motorola Solutions worth $194,677,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. State Street Corp lifted its holdings in Motorola Solutions by 2.7% during the 3rd quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider's stock worth $3,358,848,000 after buying an additional 198,183 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Motorola Solutions by 2.4% in the third quarter. Geode Capital Management LLC now owns 3,736,045 shares of the communications equipment provider's stock valued at $1,675,588,000 after buying an additional 89,320 shares during the period. Raymond James Financial Inc. acquired a new position in Motorola Solutions during the fourth quarter worth $1,528,949,000. Bank of New York Mellon Corp raised its stake in shares of Motorola Solutions by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,287,296 shares of the communications equipment provider's stock worth $595,026,000 after purchasing an additional 100,454 shares in the last quarter. Finally, Swedbank AB lifted its stake in Motorola Solutions by 0.3% in the fourth quarter. Swedbank AB now owns 1,026,996 shares of the communications equipment provider's stock valued at $474,708,000 after acquiring an additional 3,040 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions stock opened at $422.99 on Friday. The company has a market capitalization of $70.61 billion, a P/E ratio of 45.88, a PEG ratio of 3.82 and a beta of 1.03. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. Motorola Solutions, Inc. has a twelve month low of $329.70 and a twelve month high of $507.82. The stock's 50 day moving average is $454.75 and its 200 day moving average is $460.73.
Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 EPS for the quarter, missing analysts' consensus estimates of $3.85 by ($0.10). The firm had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $3 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. On average, equities research analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.
The company 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.36 annualized dividend and a dividend yield of 1.03%. Motorola Solutions's payout ratio is 47.29%.
Several equities analysts have recently commented on MSI shares. Morgan Stanley upped their target price on Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. StockNews.com raised Motorola Solutions from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Barclays dropped their price target on Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Motorola Solutions from $440.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Motorola Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $505.88.
Read Our Latest Research Report on MSI
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.
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