Millennium Management LLC Raises Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Millennium Management LLC lifted its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,841 shares of the communications equipment provider's stock after acquiring an additional 7,841 shares during the period. Millennium Management LLC owned 0.09% of Motorola Solutions worth $66,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Motorola Solutions by 1.5% in the 4th 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 lifted its holdings 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 valued at $1,933,360,000 after buying an additional 451,172 shares during the period. Raymond James Financial Inc. acquired a new position in Motorola Solutions during the fourth quarter worth about $1,528,949,000. FMR LLC raised its holdings in Motorola Solutions by 12.4% during the fourth quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider's stock worth $1,400,980,000 after purchasing an additional 334,639 shares during the last quarter. Finally, Norges Bank acquired a new position in Motorola Solutions during the fourth quarter worth $1,073,645,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on MSI. 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 note on Friday, February 14th. StockNews.com raised Motorola Solutions from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. reduced their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Barclays cut their price target on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. One equities research 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $513.25.

Motorola Solutions Trading Down 0.3%

Shares of NYSE MSI traded down $1.37 during midday trading on Tuesday, hitting $423.93. The stock had a trading volume of 424,054 shares, compared to its average volume of 783,570. Motorola Solutions, Inc. has a fifty-two week low of $356.77 and a fifty-two week high of $507.82. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13. The firm has a market cap of $70.76 billion, a P/E ratio of 45.85, a price-to-earnings-growth ratio of 3.82 and a beta of 0.98. The company's 50-day simple moving average is $421.29 and its 200 day simple moving average is $450.08.

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. 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%. Motorola Solutions's revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.81 earnings per share. Research analysts anticipate 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. Stockholders of record on Friday, June 13th will be issued a dividend of $1.09 per share. The ex-dividend date is Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.03%. Motorola Solutions's dividend payout ratio is 36.39%.

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.