First Manhattan CO. LLC. Decreases Holdings in Motorola Solutions, Inc. (NYSE:MSI)

First Manhattan CO. LLC. lowered its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 1.0% during the fourth quarter, HoldingsChannel reports. The fund owned 29,157 shares of the communications equipment provider’s stock after selling 300 shares during the period. First Manhattan CO. LLC.’s holdings in Motorola Solutions were worth $13,509,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MSI. Synergy Asset Management LLC acquired a new stake in Motorola Solutions during the fourth quarter worth approximately $25,000. Crews Bank & Trust purchased a new stake in Motorola Solutions in the fourth quarter valued at $26,000. First Command Advisory Services Inc. acquired a new position in Motorola Solutions in the fourth quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in Motorola Solutions in the fourth quarter valued at $30,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Motorola Solutions during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Down 1.1 %

MSI stock opened at $405.86 on Friday. Motorola Solutions, Inc. has a one year low of $356.30 and a one year high of $507.82. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. The company has a fifty day moving average of $421.25 and a 200-day moving average of $451.82. The stock has a market capitalization of $67.76 billion, a PE ratio of 44.02, a price-to-earnings-growth ratio of 3.82 and a beta of 0.98.

Motorola Solutions (NYSE:MSI) 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 return on equity of 197.59% and a net margin of 14.58%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the firm posted $2.81 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors 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 currently 36.39%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MSI. StockNews.com cut Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. 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. Morgan Stanley lifted their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, Barclays decreased their price target on shares of Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Motorola Solutions 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.