Bank of America Corp DE Cuts Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Bank of America Corp DE lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 14.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,076,088 shares of the communications equipment provider's stock after selling 176,569 shares during the period. Bank of America Corp DE owned 0.64% of Motorola Solutions worth $497,400,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSI. Barclays PLC boosted its holdings in Motorola Solutions by 29.6% in the 3rd quarter. Barclays PLC now owns 723,835 shares of the communications equipment provider's stock worth $325,455,000 after buying an additional 165,353 shares during the period. Franklin Resources Inc. lifted its position in shares of Motorola Solutions by 136.2% in the third quarter. Franklin Resources Inc. now owns 181,023 shares of the communications equipment provider's stock valued at $85,610,000 after acquiring an additional 104,379 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Motorola Solutions by 4.8% in the third quarter. Principal Financial Group Inc. now owns 219,717 shares of the communications equipment provider's stock worth $98,791,000 after acquiring an additional 10,096 shares during the period. Range Financial Group LLC grew its position in shares of Motorola Solutions by 32.2% during the fourth quarter. Range Financial Group LLC now owns 1,450 shares of the communications equipment provider's stock worth $670,000 after purchasing an additional 353 shares in the last quarter. Finally, Fulton Bank N.A. bought a new stake in Motorola Solutions during the 4th quarter valued at approximately $320,000. Hedge funds and other institutional investors own 84.17% of the company's stock.

Motorola Solutions Trading Down 1.1 %

NYSE:MSI traded down $4.51 during midday trading on Friday, hitting $405.86. 940,558 shares of the company traded hands, compared to its average volume of 777,249. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. The firm's fifty day moving average is $421.25 and its 200-day moving average is $451.71. The firm has a market capitalization of $67.74 billion, a P/E ratio of 44.02, a P/E/G ratio of 3.82 and a beta of 0.98. Motorola Solutions, Inc. has a 12-month low of $356.30 and a 12-month high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business earned $2.81 EPS. The business's revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were paid a $1.09 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a yield of 1.07%. Motorola Solutions's payout ratio is 36.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays cut their price objective on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a report on Monday, May 5th. StockNews.com cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Morgan Stanley boosted their price target on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. cut their price objective on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Motorola Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $513.25.

Motorola Solutions Company 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.