California State Teachers Retirement System Cuts Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

California State Teachers Retirement System reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 270,373 shares of the communications equipment provider's stock after selling 7,865 shares during the period. California State Teachers Retirement System owned 0.16% of Motorola Solutions worth $124,975,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Motorola Solutions by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 21,179,834 shares of the communications equipment provider's stock valued at $9,789,955,000 after buying an additional 310,919 shares during the period. Geode Capital Management LLC raised its position in shares of Motorola Solutions by 12.1% in the 4th quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock worth $1,933,360,000 after acquiring an additional 451,172 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Motorola Solutions in the 4th quarter worth approximately $1,528,949,000. FMR LLC lifted its stake in shares of Motorola Solutions by 12.4% in the 4th quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider's stock valued at $1,400,980,000 after purchasing an additional 334,639 shares during the period. Finally, Norges Bank bought a new stake in shares of Motorola Solutions during the fourth quarter valued at approximately $1,073,645,000. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Stock Performance

MSI stock traded down $32.43 on Friday, hitting $406.73. The company had a trading volume of 2,340,568 shares, compared to its average volume of 774,034. The stock has a market cap of $67.91 billion, a price-to-earnings ratio of 44.11, a P/E/G ratio of 3.82 and a beta of 0.94. 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 stock's 50-day simple moving average is $423.57 and its 200 day simple moving average is $454.53. Motorola Solutions, Inc. has a 12-month low of $345.27 and a 12-month high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.01 by $0.17. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. Motorola Solutions's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.81 earnings per share. As a group, equities research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, March 14th. Motorola Solutions's dividend payout ratio (DPR) is 47.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Barclays cut their price objective on shares of Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. StockNews.com upgraded shares of Motorola Solutions from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Finally, Morgan Stanley upped their price target on Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $515.25.

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.