B. Riley Wealth Advisors Inc. Cuts Holdings in Motorola Solutions, Inc. (NYSE:MSI)

B. Riley Wealth Advisors Inc. cut its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 34.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,422 shares of the communications equipment provider's stock after selling 1,285 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Motorola Solutions were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in MSI. Synergy Asset Management LLC acquired a new stake in shares of Motorola Solutions in the fourth quarter worth approximately $25,000. Crews Bank & Trust acquired a new stake in shares of Motorola Solutions in the fourth quarter worth approximately $26,000. First Command Advisory Services Inc. acquired a new stake in shares of Motorola Solutions in the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Motorola Solutions in the fourth quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Motorola Solutions in the fourth quarter worth approximately $32,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Trading Down 0.7%

Shares of Motorola Solutions stock traded down $2.89 during trading hours on Friday, hitting $415.54. The company's stock had a trading volume of 3,176,673 shares, compared to its average volume of 803,774. Motorola Solutions, Inc. has a twelve month low of $356.77 and a twelve month high of $507.82. The firm has a fifty day moving average of $420.90 and a 200-day moving average of $446.81. The stock has a market cap of $69.36 billion, a price-to-earnings ratio of 45.07, a P/E/G ratio of 3.82 and a beta of 0.98. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.01 by $0.17. The business had revenue of $2.53 billion for 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%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.81 EPS. Research analysts forecast 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 will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be issued a $1.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.05%. Motorola Solutions's dividend payout ratio is presently 36.39%.

Analyst Ratings Changes

A number of analysts have recently issued reports on MSI shares. JPMorgan Chase & Co. lowered their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Barclays dropped their target price on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. William Blair restated an "outperform" rating on shares of Motorola Solutions in a report on Wednesday. Finally, 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 report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $513.25.

Motorola Solutions 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.