First County Bank CT Sells 212 Shares of Motorola Solutions, Inc. (NYSE:MSI)

First County Bank CT decreased its stake in Motorola Solutions, Inc. (NYSE:MSI) by 22.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 739 shares of the communications equipment provider’s stock after selling 212 shares during the quarter. First County Bank CT’s holdings in Motorola Solutions were worth $342,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MSI. World Investment Advisors LLC grew its stake in Motorola Solutions by 5,403.9% in the third quarter. World Investment Advisors LLC now owns 35,720 shares of the communications equipment provider’s stock valued at $16,061,000 after purchasing an additional 35,071 shares in the last quarter. Versor Investments LP bought a new position in shares of Motorola Solutions in the third quarter valued at $449,000. Skandinaviska Enskilda Banken AB publ increased its holdings in Motorola Solutions by 32.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock worth $138,210,000 after buying an additional 88,603 shares during the last quarter. Groupama Asset Managment raised its position in Motorola Solutions by 8.6% during the third quarter. Groupama Asset Managment now owns 587,077 shares of the communications equipment provider’s stock worth $263,967,000 after acquiring an additional 46,731 shares in the last quarter. Finally, Magnolia Capital Advisors LLC bought a new position in shares of Motorola Solutions in the 2nd quarter valued at about $19,694,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

Shares of MSI stock traded up $1.19 on Tuesday, hitting $457.64. The company’s stock had a trading volume of 348,142 shares, compared to its average volume of 650,339. Motorola Solutions, Inc. has a fifty-two week low of $308.61 and a fifty-two week high of $507.82. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The stock’s 50 day moving average is $477.96 and its 200-day moving average is $443.74. The company has a market capitalization of $76.48 billion, a PE ratio of 50.12, a PEG ratio of 3.70 and a beta of 1.01.

Motorola Solutions (NYSE:MSI) last announced its earnings results 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. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. Equities research analysts expect that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.09 per share. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Friday, December 13th. Motorola Solutions’s dividend payout ratio is 47.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MSI shares. Bank of America upped their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their price objective on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Barclays lifted their target price on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Raymond James raised their price target on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Morgan Stanley upped their price objective on shares of Motorola Solutions from $430.00 to $495.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $504.88.

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.