Comerica Bank Acquires 15,984 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Comerica Bank boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 50.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,918 shares of the communications equipment provider's stock after buying an additional 15,984 shares during the quarter. Comerica Bank's holdings in Motorola Solutions were worth $22,149,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. World Investment Advisors LLC raised its holdings in Motorola Solutions by 5,403.9% during the 3rd quarter. World Investment Advisors LLC now owns 35,720 shares of the communications equipment provider's stock worth $16,061,000 after purchasing an additional 35,071 shares during the last quarter. National Pension Service grew its holdings in Motorola Solutions by 22.9% during the 4th quarter. National Pension Service now owns 470,878 shares of the communications equipment provider's stock worth $217,654,000 after acquiring an additional 87,722 shares during the period. Oddo BHF Asset Management Sas bought a new position in shares of Motorola Solutions in the 3rd quarter worth about $33,423,000. Merit Financial Group LLC grew its stake in Motorola Solutions by 26.4% during the fourth quarter. Merit Financial Group LLC now owns 3,404 shares of the communications equipment provider's stock worth $1,573,000 after purchasing an additional 712 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in Motorola Solutions in the fourth quarter worth approximately $24,136,000. Institutional investors own 84.17% of the company's stock.

Motorola Solutions Stock Down 7.4 %

Shares of MSI traded down $32.43 on Friday, reaching $406.73. The company's stock had a trading volume of 2,340,568 shares, compared to its average volume of 772,518. Motorola Solutions, Inc. has a twelve month low of $345.27 and a twelve month high of $507.82. The stock has a market capitalization of $67.91 billion, a PE ratio of 44.11, a PEG 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 firm has a fifty day moving average of $423.19 and a 200-day moving average of $453.92.

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 firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.81 earnings per share. Equities analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on MSI shares. Barclays reduced their price objective on shares of Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. JPMorgan Chase & Co. reduced their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. 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 raised their target price on Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Motorola Solutions has a consensus rating of "Moderate Buy" and a consensus price target 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.