Keyes Stange & Wooten Wealth Management LLC Sells 134 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Keyes Stange & Wooten Wealth Management LLC cut its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 5.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,548 shares of the communications equipment provider’s stock after selling 134 shares during the period. Motorola Solutions comprises approximately 0.7% of Keyes Stange & Wooten Wealth Management LLC’s investment portfolio, making the stock its 18th biggest holding. Keyes Stange & Wooten Wealth Management LLC’s holdings in Motorola Solutions were worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James & Associates boosted its position in shares of Motorola Solutions by 3.7% during the 2nd quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock valued at $895,494,000 after acquiring an additional 82,044 shares during the last quarter. Legal & General Group Plc raised its stake in Motorola Solutions by 7.7% during the second quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock valued at $590,911,000 after purchasing an additional 110,072 shares in the last quarter. Swedbank AB lifted its position in Motorola Solutions by 215.7% during the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after purchasing an additional 699,615 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Motorola Solutions by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider’s stock worth $383,614,000 after buying an additional 4,984 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Motorola Solutions by 59,189.5% in the 3rd quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock worth $435,064,000 after buying an additional 965,972 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

Shares of MSI stock opened at $500.90 on Friday. The company’s 50-day simple moving average is $465.80 and its two-hundred day simple moving average is $419.43. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. Motorola Solutions, Inc. has a one year low of $307.09 and a one year high of $507.82. The company has a market capitalization of $83.71 billion, a P/E ratio of 54.86, a P/E/G ratio of 4.06 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. As a group, equities analysts anticipate that Motorola Solutions, Inc. will post 12.48 EPS for the current year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a $1.09 dividend. The ex-dividend date is Friday, December 13th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 dividend on an annualized basis and a yield of 0.87%. Motorola Solutions’s dividend payout ratio is 42.94%.

Wall Street Analysts Forecast Growth

MSI has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Barclays boosted their target price on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Evercore ISI raised their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, Jefferies Financial Group lifted their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $493.43.

Motorola Solutions Company 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.