Fortis Capital Management LLC Lowers Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Fortis Capital Management LLC reduced its stake in Motorola Solutions, Inc. (NYSE:MSI) by 27.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,897 shares of the communications equipment provider’s stock after selling 708 shares during the quarter. Fortis Capital Management LLC’s holdings in Motorola Solutions were worth $877,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Synergy Asset Management LLC purchased a new position in shares of Motorola Solutions in the 4th quarter valued at approximately $25,000. Crews Bank & Trust purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at approximately $26,000. First Command Advisory Services Inc. purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at approximately $29,000. FSA Wealth Management LLC purchased a new stake in shares of Motorola Solutions in the third quarter valued at approximately $29,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at approximately $30,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on MSI. Deutsche Bank Aktiengesellschaft lifted their price target on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley lifted their price target 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 upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, Barclays decreased their target price on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $505.88.

Motorola Solutions Stock Performance

Shares of NYSE:MSI opened at $423.39 on Friday. The firm has a market capitalization of $70.68 billion, a PE ratio of 45.92, a P/E/G ratio of 3.82 and a beta of 1.03. 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 business has a 50-day moving average of $446.45 and a two-hundred day moving average of $459.64. Motorola Solutions, Inc. has a 12 month low of $332.98 and a 12 month high of $507.82.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.10). The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. As a group, research analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Friday, March 14th. Motorola Solutions’s dividend payout ratio is currently 47.29%.

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.